Comments by "M gronich" (@mgronich948) on "Energy deal between EU and U.S. appears 'really significant': Vectis Energy's Essner" video.

  1. The price of US LNG to Europe doesn't make economic sense. Europe will be paying 2-3 X higher price than from Russia. Europe will fall into a huge recession that will also hit the US. And when Europe caves in to Russia on the sanctions, the billions US and Qatar invested to increase LNG production will be worthless. Europe was paying Russia ~ 150B/year for enegy. If that went up to 300B/yr there will be a deep recession in Europe. There are already riots in Spain because of high energy prices. While US and Qatar tries to ramp up LNG production, Europe will be paying for Russian gas with Rubles. China will be buying Saudi oil with Yuan. The petro-dollar is dying. The US is already deeply divided. Housing prices went up 20%/year, before the impact of Russian sanctions, higher oil prices etc. Food prices also going up double digits. When 30% of Americans can't afford both food and rent and gas for their cars, all hell will break loose.
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