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Of course - and it's that coal that is keeping certain areas of WV alive...all controlled by the Chinese brokers.....
I have a friend in the Philly area who was a massive coal exporter (agent) and they built new loading facilities there to export more of our energy.....
As I have previously mentioned in many topics here I would be all for an export tariff being placed on raw resources leaving this country.
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But the real question here is...that the knife cuts both ways. Trump can't run around telling smart people (Germany) his stupid inflated figures and his fake news (they are "captive" and financing enemies) and then....within 24 hours...flatly state that Russia is not our adversary (he said they are competitors and someday maybe he'll be their friend".....
I really don't pay a lot of attention to what Trump says anymore, I pay attention to his results. The fact is he is right on this, Germany and Europe would be screwed if Russia cuts the supply.
Trump continues to have an interesting relationship with reality and the truth....
Russia exports to Germany are 16 Billion per year.
GDP of Germany - 3.5 TRILLION dollars.
So Russia "captures" about .4% of the economy of Germany.
Oh, Germany exports MORE to Russia than Russia to Germany....
What a bunch of BS.
If we want to go to "power" or "energy", Germany gets 10% from Russia and is no way reliant on it. They can get it or substitutes from many many places.
AND, Germany supports all the sanctions against Russia.
It's truly amazing that anyone believes a word out of this guy's trap.
Why do we need to protect Germany from Russia, if they have free trade going on? Explain that to me, PLEASE!
Do they need our big stick, because they are going to screw Russia over and they know damn well Russia ain't going to be happy???
Besides all of that, oil can replace nat gas in MANY of the situations where nat gas is used...sometimes instantly (many power plants are set up to convert from one to the other, etc.)....
They are doing this in the Northeast, they were bordering on catastrophe in 2014 during the polar vortex because the supply could not keep up the demand. The interim solution to this until they lay more pipe is having the plants being able to operate with oil during low supply situations like we had last winter. It's only used for emergencies becsue of the expense.,,,
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Just as Germany has installed 100GW of renewables, it could easily use little or no NG....but has no reason to upset the apple cart. If it did, it would.
To reiterate those renewable resources are unreliable and 100% reliant of fossil fuel generation.
You do not sumply create supply at will, this is clearly illustrated by the issues here in the Northeast when the supply has had difficulty meeting demand. That situation has existed at least since 2014 and most certainly earlier.
One other thing to note here is is not just Germany but much of Europe reliant on the Russian supplies.
Just so we are clear on this you are making snide comments about Trump complaining to OPEC about output that if increased would benefit the US consumer.
Oil prices have been depressed because of glut on the market caused by US production and OPEC keeping production high. That changed in January when OPEC blinked and cut production, consequently oil prices have risen. Oil production in the US has increased and it will eventually drive them back down.
Keep in mind that you are attempting to reason with a person that thinks raw crude can be used exactly like Natural Gas and is totally unaware of Gas Wells.
Good for giggles around the water cooler.
Trump continues to have an interesting relationship with reality and the truth....
Russia exports to Germany are 16 Billion per year.
GDP of Germany - 3.5 TRILLION dollars.
So Russia "captures" about .4% of the economy of Germany.
Oh, Germany exports MORE to Russia than Russia to Germany....
What a bunch of BS.
If we want to go to "power" or "energy", Germany gets 10% from Russia and is no way reliant on it. They can get it or substitutes from many many places.
AND, Germany supports all the sanctions against Russia.
It's truly amazing that anyone believes a word out of this guy's trap.
Trump tends to judge everything by himself. He assumes that because Putin owns him, he owns everything.
They are doing this in the Northeast, they were bordering on catastrophe in 2014 during the polar vortex because the supply could not keep up the demand. The interim solution to this until they lay more pipe is having the plants being able to operate with oil during low supply situations like we had last winter. It's only used for emergencies becsue of the expense.,,,
One other thing to note here is is not just Germany but much of Europe reliant on the Russian supplies.
Russia needs to sell it for their horrible low GDP - and Europe could use it cheap.
This is no a geopolitical crisis. You are not really answering the OP for this reason. It's simply a limited time contract between a willing selling and buyer and certainly does not rise to, for example, our reliance on foreign oil over the past 40+ years.
So Trump was wrong. He was wrong in his numbers, he was wrong with calling them "captive" in a "security geopolitical" manner and he was wrong (he now admitted that Russia is not his enemy) in saying that they were supporting the "enemy".
You could use the same BS to say we shouldn't buy any oil or cement or veggies or manufacturing or other resources from Mexico because we are supporting a situation where drugs and immigration from that country affect our national security.
It's deep BS. None of what he is talking about is relevant to NATO, just as the vast amount of resources the USA buys from Russia is not either. Trade is a great way to settle DOWN aggression....and shouldn't be used except in an emergency to ratchet up tensions.
Oil production in the US has increased and it will eventually drive them back down.
Oil production in the USA proper is at fairly high prices and most of the wells shut down when the prices go very low....shale oil producers will not make a real profit until $50 or higher. It is even questionable if that covers all long term costs and expenses and profits.
Iraq and the Saudis are closer to $10....maybe $15 if we add in a lot of extras.
It's hard to see how expensive US and Canadian oil will drive prices down.
Oil production in the USA proper is at fairly high prices and most of the wells shut down when the prices go very low....shale oil producers will not make a real profit until $50 or higher. It is even questionable if that covers all long term costs and expenses and profits.
Iraq and the Saudis are closer to $10....maybe $15 if we add in a lot of extras.
It's hard to see how expensive US and Canadian oil will drive prices down.
You and your facts, logic, and reasoning.
It's almost as if you worked in the energy industry and know what you are talking about.
Last edited by GotHereQuickAsICould; 07-12-2018 at 06:17 PM..
The problem with this "80%" or whatever it may be is a very large percentage of that 80% is domestically produced with renewable energy. It's unreliable and dependent on the gas being imported into Germany for reliability. Futhermore if they wish to continue to eliminate power from coal plants the reliance on gas will only increase.
I would like to think that the sun, wind and raging rivers are probably more reliable than some oil producing countries....
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