Comments by "Paul Gerlach" (@pjhgerlach) on "Jake Broe" channel.

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  268. Natural gas can't be shipped easily like oil. You need pipes. Now, Germany, like many other countries in Europe, agreed on the reduction of CO2 emissions. Germany relied on coal for the production of electricity. The quick fix was to switch to natural gas and the nearest big supplier was Russia. Nuclear energy was of the table because of recent disasters in Japan. There was simply no support for that type of energy. The reason Russia is makeing so much money is because prices have tripled as world demand for natural gas has soared. Germany is building LNG terminals to cut off Russian gas, but that takes at least one year. Asia is willing to outbid anyone on the LNG market so the switch to LNG will probably be more way expensive than Russian gas at this moment. Besides, if US LNG tankers can sell their LNG at a higher prices in Asia than in Europe, then will simply sail by. So, yes Germany is doing all it can but it cannot simply turn of the gas without generation a lot of political problems. Just look at France. Elections are today and inflation is running high. Considering that and the fact that Russia backed parties like Front National in France and Forum for Democratie (who came up with that name?) here in the Netherlands are growing in popularity, you'll see the balancing act that the German goverment is facing. We all now what happened to Germany in the thirties of the last century. In hindsight every problem could have been avoided and it's very easy for the US to shout that they should simply not buy Russia gas when they themselves have all these resourses that western Europe hasn't.
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