USA sends 3/4 of natural gas supply to Europe while our prices climb

[Saltwater60]

They make no sense. US overtakes Asia as biggest exporter of liquified natural gas to EU

 

[SomeSoldier]

I am a US citizen and if we are selling our natural resources to another country I want a fucking cut.

 

[Acer-m14]

if there exporting it then mine should be free i think ..

 

[GOYABEAN]

Some people did something's

 

[spat]

This is why being a net exporter is not all that helpful short of a WWII sort of mobilization.

It won't isolate you from price shocks, because if someone in Europe is willing to pay twice as much as you are, why is someone going to want to sell to you.

Of course being a net exporter of a high demand commodity has it's own rewards.

 

[livingston]

Posted this before ...Democrats are doing everything they can to destroy our economy and all of the free worlds... to boot . They hate Israel .​

Biden abandons Israeli Pipeline In Favor Of Russian Gas Via Ukraine​

President Biden is withdrawing U.S. support for the EastMed pipeline that would bring natural gas from Israel to the European continent. Europe is currently in an energy crisis with record prices for natural gas and electricity, potential rolling blackouts, low supplies of natural gas, millions of citizens in energy poverty and increasing coal consumption, which the continent has wanted to end. Increasing reliance on intermittent renewable sources that have not produced to their potential has put pressure on other sources the Europeans have discouraged. The result of Biden’s most recent decision is making Europe even more dependent on Russia for its natural gas. Currently, Western Europe gets over 40 percent of its natural gas from Russia via a pipeline that runs through Ukraine. Russia wants to activate its Nord Stream 2 pipeline that runs under the Baltic so that it can avoid the current route through Ukraine.

Biden gave Russia the go-ahead in July for the continued construction of Nord Stream 2, which Russia predicted could go on-line by the end of the year. Rather than helping an ally, Biden is helping Russia dominate Europe’s energy system and gain economic strength in doing so. The only explanation that Biden’s administration has given to withdrawing support is: “Washington’s interest is now switching to renewable energy sources.” While the White House is using its dogged support for the switch to renewable energy to justify its decision, the European Commission drafted legal text that pronounces natural gas and nuclear power as “transitional” green energy sources to be used to bridge countries away from coal toward technologies like wind and solar.

EastMed Gas Pipeline

The EastMed Gas pipeline is a 1,180-mile undersea pipeline project from Israel to southern Europe, set to be completed by 2025, which, when completed will ease Europe’s dependence on Russia and Turkey, which serves as a hub for oil and natural gas. The pipeline will reach depths of 3 kilometers, and have a capacity of 10 billion cubic meters per year. Construction of the pipeline is expected to cost approximately €6 billion ($6.86 billion). The pipeline is being developed by IGI Poseidon S.A., a 50-50 joint venture between the Greek gas utility DEPA and the Italian gas utility Edison. The EastMed Pipeline accord was signed in Athens by the leaders of Greece, Cyprus, and Israel on January 2, 2020.

Biden Abandons Israeli Pipeline In Favor Of Russian Gas Via Ukraine

President Biden is withdrawing U.S. support for the EastMed pipeline that would bring natural gas from Israel to the European continent. Europe is currently in an energy crisis with record prices for natural gas and electricity, potential rolling blackouts, low supplies of natural gas, millions...

www.americanenergyalliance.org