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I'm aware that some gas is imported to certain areas with pipeline constraints. Whatever is cheapest at the time is what is bought. We even imported coal from Russia and even Ukraine in the past, but this doesn't mean we import more coal than export. This is how trade works. The USA is the largest oil, gas and coal producer in the world, we do still import all 3, but we're net exporters in coal and gas. You probably don't realize that Russia also imports coal and gas in some areas. And with LNG export terminals coming online every few months, we're set to become the largest LNG exporter in the world in a few years, from 3rd place right now. If Putin is a nice boy, he might be allowed to buy our superior cheap gas and sell it to Belarus.
Currently most of our extra LNG production goes to Europe. This has depressed prices there to a multi decade low. This is why Ukraine gets gas cheaper now than since Russia subsidized it (right up until the Orange Revolution). Places like Poland in Europe are building more LNG terminals to take advantage of the upcoming supply glut coming out the SE USA. I can understand why this makes Russians throw shade on the USA gas business, we're literally stealing their profits.
I'm aware that some gas is imported to certain areas with pipeline constraints. Whatever is cheapest at the time is what is bought. We even imported coal from Russia and even Ukraine in the past, but this doesn't mean we import more coal than export. This is how trade works. The USA is the largest oil, gas and coal producer in the world, we do still import all 3, but we're net exporters in coal and gas. You probably don't realize that Russia also imports coal and gas in some areas. And with LNG export terminals coming online every few months, we're set to become the largest LNG exporter in the world in a few years, from 3rd place right now. If Putin is a nice boy, he might be allowed to buy our superior cheap gas and sell it to Belarus.
Currently most of our extra LNG production goes to Europe. This has depressed prices there to a multi decade low. This is why Ukraine gets gas cheaper now than since Russia subsidized it (right up until the Orange Revolution). Places like Poland in Europe are building more LNG terminals to take advantage of the upcoming supply glut coming out the SE USA. I can understand why this makes Russians throw shade on the USA gas business, we're literally stealing their profits.
Yeah-yeah-yeah.
You are as usual full of hot air, all talk, without being able to back up any of your statements.
But here it is for you from the get-go. The Absurdity of US Natural Gas Exports
"There are other issues involved, as well. The countries that are importing huge amounts of high-priced natural gas are not doing well financially. They aren’t going to be able to afford to import a whole lot more high-priced natural gas. In fact, a big part of the reason that they are not doing well financially is because they are paying so much for imported natural gas (and oil).^
(And that's what I have been pointing at for long time when it comes to Ukraine, specifically.)
"If the US has to pay these high prices for natural gas (even if we produce it ourselves), we won’t be doing very well financially either. In particular, companies who manufacture goods with electricity from high-priced natural gas will find that the goods they make are not competitive with goods made with cheaper fuels (coal, nuclear, or hydroelectric) in the world marketplace. This is a problem, whether the country produces the high-priced natural gas itself or imports it. So the issue is not an imported fuel problem; it is a high-priced fuel problem.
Another issue is that with shale gas, we are the high cost producer. There is a lot of natural gas production around the world, particularly in the Middle East, that is cheaper. If we add our high cost of shale gas to the high cost of shipping LNG long-distance across the Atlantic or Pacific, we will most definitely be the high cost producer. Other producers with lower costs (even local shale gas producers) can undercut our prices. So at best those shipping LNG overseas are likely to make mediocre profits.
And there would seem to be great temptation to stir up trouble, to encourage Europe to buy our natural gas exports, rather than Russia’s. Of course, our ability to provide this natural gas is not entirely clear. It makes a good story, with lots of “ifs” involved: “If we can really extract this natural gas. If the price can really go up and stay up. If you can wait long enough.” The story makes the US look more rich and powerful than it really is. We can even pretend to offer help to the Ukraine.
Perhaps the best outcome would be if virtually none of this natural gas export capacity ever gets built–approval or no approval. If it is really possible to get the natural gas out, we need it here instead. Or leave it in the ground."
Now look specifically at Germany's usage ( and needs) of gas, as having "one of the most developed natural gas storage systems in Europe."
Now keep these two facts in mind, plus even more simple fact that Russia still has the biggest reserves of gas in the world AND LNG will be ALWAYS more expensive than pipeline.
Always. So even if it brings the price of the natural gas down overall in Europe, Poland can build all kinds of the "gas terminals" for US LNG ( hoping to become a "new hub in EU" and selling American LNG to whom? To Germans? )
No one is fooled.
Nord Stream 2 is what Germany wants. Not American LNG sold via Poland.
It's simple economic calculations, simple math.
Germans know how to count, unless of course America will try to explain to them that 2+2 = 5.
With other words, it's all about trumpeted "free market," until all of a sudden it's not.
So this was fairly easy for you to understand I hope, but hang on, I still need to go back to the gas disputes between Ukraine and Russia, because as everyone can see by now, these gas wars affect directly the EU/US relations, and something is developing in the preliminary decisions.
Yeah-yeah-yeah.
You are as usual full of hot air, all talk, without being able to back up any of your statements.
But here it is for you from the get-go. The Absurdity of US Natural Gas Exports
Ahahahaha, back to early 2014! That was an interesting opinion to have 2 years before we started exporting but since then our LNG exports have increased from zero to 6 billion CF per day! Thanks for the afternoon laugh, what a reliable source you have there!
Quote:
Originally Posted by erasure
Now look specifically at Germany's usage ( and needs) of gas, as having "one of the most developed natural gas storage systems in Europe."
Germany is indeed growing its demand for gas. So much that they now pay Ukraine to store some gas there... Come on get with the times, its 2019!
Quote:
Originally Posted by erasure
Now keep these two facts in mind, plus even more simple fact that Russia still has the biggest reserves of gas in the world AND LNG will be ALWAYS more expensive than pipeline.
Always. So even if it brings the price of the natural gas down overall in Europe, Poland can build all kinds of the "gas terminals" for US LNG ( hoping to become a "new hub in EU" and selling American LNG to whom? To Germans? )
No one is fooled.
Reserves, shmreserves, unfortunately for them, they have Putin as their president who made Europe realize its bad for their security to let Russia be their gas supplier. If Russia was a normal country ruled by non-idiots, they would have more gas contracts on the continent by now. But they will keep selling gas to Europe, just for less money.
First it was US oil driving down Russian oil in 2014 and now you have to deal with LNG too! Throw in Eastern Europe's reluctance to buy Russian gas for security reasons and you have a whole lot of reasons to not be hopeful for Russia to grow its economy anytime soon. Maybe they will get a bump this fall from Iran bombing Saudi...
In other news, grain exports are way up so far this year. And Ukraine being the world's largest grain exporter, that's a big deal. It seems to be driving the currency up a little too fast for everyone's liking though. Seeing as its the highest performing currency in the world in 2019... ahh yes, Ukraine is so bad with its new alignment! They need Rasha! LOLOL
Ahahahaha, back to early 2014! That was an interesting opinion to have 2 years before we started exporting but since then our LNG exports have increased from zero to 6 billion CF per day! Thanks for the afternoon laugh, what a reliable source you have there!
Germany is indeed growing its demand for gas. So much that they now pay Ukraine to store some gas there... Come on get with the times, its 2019!
Reserves, shmreserves, unfortunately for them, they have Putin as their president who made Europe realize its bad for their security to let Russia be their gas supplier. If Russia was a normal country ruled by non-idiots, they would have more gas contracts on the continent by now. But they will keep selling gas to Europe, just for less money.
First it was US oil driving down Russian oil in 2014 and now you have to deal with LNG too! Throw in Eastern Europe's reluctance to buy Russian gas for security reasons and you have a whole lot of reasons to not be hopeful for Russia to grow its economy anytime soon. Maybe they will get a bump this fall from Iran bombing Saudi...
In other news, grain exports are way up so far this year. And Ukraine being the world's largest grain exporter, that's a big deal. It seems to be driving the currency up a little too fast for everyone's liking though. Seeing as its the highest performing currency in the world in 2019... ahh yes, Ukraine is so bad with its new alignment! They need Rasha! LOLOL
Grain exports CONTRACTS are up. Let's see if those ocntracts are filled.
It means nothing when the harvest rots in the fields.
The ukrainian railroad is decrepit, 70% of rolling stock is 20 years old or more. Locomotives are in short supply and mostly rolling junk, I've seen them. Poorly maintained and barely working. Railroad systems in disrepair, derailments are all too common. What does work have very low capacity. If you want to run real heavy rolling stock you need better than what Ukraine has now. Care to go into the secondary system? How about the road system out in the farm country? How are they going to move all this grain to the ports to ship it overseas? Maybe they can pull something out of Eichmann and Himmlers books.
Oh, and lets not forget the ports. Decrepit, some falling apart and even if they had good reliable equipment they can't move the volumns they need to fast enough. I wonder how much they'll ship through Crimea.
Oh lets not forget the prices too. The world is awash in grains. I wonder what they'll be getting and have gotten so far.
Ahahahaha, back to early 2014! That was an interesting opinion to have 2 years before we started exporting but since then our LNG exports have increased from zero to 6 billion CF per day! Thanks for the afternoon laugh, what a reliable source you have there!
That opinion ( or rather caution) still stands in the long run.
Quote:
Germany is indeed growing its demand for gas. So much that they now pay Ukraine to store some gas there... Come on get with the times, its 2019!
It's 2019, and that Nord Stream 2 is closer and closer to completion, no matter how much the US is trying to put a stop to it with the help of its "servants."
Quote:
Reserves, shmreserves, unfortunately for them, they have Putin as their president who made Europe realize its bad for their security to let Russia be their gas supplier. If Russia was a normal country ruled by non-idiots, they would have more gas contracts on the continent by now. But they will keep selling gas to Europe, just for less money.
Not "they" DKM, but very specifically EASTERN EUROPEANS ( well some of them.) Which in turn sets the conflict between "Old Europe" and "New Europe" ( that US created in post-Soviet times.) It becomes more and more clear, what was the reason behind it, and I already pointed you for the reasons why UK wants out of this artificially created union.
( BTW the more I am looking into the history of "gas wars" between Ukraine and Russia, the more the picture becomes clear, who/what is at fault here.)
Quote:
First it was US oil driving down Russian oil in 2014 and now you have to deal with LNG too! Throw in Eastern Europe's reluctance to buy Russian gas for security reasons and you have a whole lot of reasons to not be hopeful for Russia to grow its economy anytime soon.
Don't forget about that union that Russia already made with China (it's in the making with Iran.)
The more the US is trying to pound Russia from the West, the more danger is coming from the East.
Ukraine meanwhile is still trying to regain its economic level of pre-2014, 4% growth of economy or not.
Moscow is well aware of that.
Quote:
Maybe they will get a bump this fall from Iran bombing Saudi...
May be.
But that's yet another dangerous trend/rising conflict in the world, with unpredictable consequences.
Hardly a reason for joy.
Quote:
In other news, grain exports are way up so far this year. And Ukraine being the world's largest grain exporter, that's a big deal. It seems to be driving the currency up a little too fast for everyone's liking though. Seeing as its the highest performing currency in the world in 2019... ahh yes, Ukraine is so bad with its new alignment! They need Rasha! LOLOL
I understand the desire of IMF to turn Ukraine into the "agricultural country," but I don't believe that Ukrainians are going to be happy with results.
When the corporations will take over their land, where will Ukrainian population go?
They are already aware that they've lost over 10 million people within the last 5 years.
This "agrarian project" of IMF is not promising in terms of retaining people in the country, as much as Ukrainians are hoping for it.
Reserves, shmreserves, unfortunately for them, they have Putin as their president who made Europe realize its bad for their security to let Russia be their gas supplier. If Russia was a normal country ruled by non-idiots, they would have more gas contracts on the continent by now. But they will keep selling gas to Europe, just for less money.
I will reiterate one more time;
If the US wouldn't have tried to take advantage of Russia in the slimy way as it did back in the 90ies, there would have been no Putin there now.
But Yeltzin ( and what came with him) begot Putin.
In other news, grain exports are way up so far this year. And Ukraine being the world's largest grain exporter, that's a big deal. It seems to be driving the currency up a little too fast for everyone's liking though. Seeing as its the highest performing currency in the world in 2019... ahh yes, Ukraine is so bad with its new alignment! They need Rasha! LOLOL
You're delirious as usual.
Largest wheat producing countries worldwide in 2018/2019 (in 1,000 metric tons)
Although only 7.3% of Russia's land is arable, compared to Ukraine's
56.1%, Russia still has way more arable land than Ukraine does, 3.69 times as much.
Top 10 countries by arable land (km2).
1. India: 1,753,694
2. USA: 1,652,028 3. Russia: 1,248,169
4. China: 1,084,461
5. Brazil: 732,359
6. Australia: 479,954
7. Canada: 469,281
8. Argentina: 386,476
9. Nigeria: 344,577 10. Ukraine: 338,619
Although only 7.3% of Russia's land is arable, compared to Ukraine's
56.1%, Russia still has way more arable land than Ukraine does, 3.69 times as much.
This is not surprising. We have half the country in permafrost.
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