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44
AD
2020 Jun 28, 12:36pm
AD
2020 Jun 28, 12:36pm
.
I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
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I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
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47
Eric Holder
2020 Jul 14, 11:11am
Eric Holder
2020 Jul 14, 11:11am
https://www.ft.com/content/ffa48632-7456-4adf-8be1-786ae35b3394?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev&yptr=yahoo
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
48
Eric Holder
2020 Jul 16, 12:10pm
Eric Holder
2020 Jul 16, 12:10pm
Pompeo Warns Energy Majors Over New Russian Gas Pipelines
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
49
Eric Holder
2020 Aug 10, 11:18am
Eric Holder
2020 Aug 10, 11:18am
Moscow. 10th of August. INTERFAX.RU - The average price of Gazprom's gas exports in June 2020 fell to $ 82 per thousand cubic meters from $ 94 in May, follows from the data of the Federal Customs Service of Russia. This price is lower and lower than the price of the break-even level of Russian gas supplies to Europe.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
50
Eric Holder
2020 Aug 10, 5:46pm
Eric Holder
2020 Aug 10, 5:46pm
TrumpingTits says
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
Gazprom is a SOE. So it doesn't matter if it is profitable or not.
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
51
Eric Holder
2020 Sep 8, 9:13am
Eric Holder
2020 Sep 8, 9:13am
No Nord Stream 2? No problem for Germany, economists say
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
52
Eric Holder
2020 Oct 8, 1:12pm
Eric Holder
2020 Oct 8, 1:12pm
Poland fines Russia's Gazprom $7.6 billion over pipeline
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
53
Eric Holder
2022 Mar 1, 1:22pm
Eric Holder
2022 Mar 1, 1:22pm
What they're saying: "Following the recent geopolitical developments leading to the imposition of U.S. sanctions on Nord Stream 2 AG, the company had to terminate contracts with employees. We very much regret this development," Nord Stream 2 AG — a wholly owned subsidiary of Russia's Gazprom — told Reuters in a statement.
Between the lines: Even as the West and private companies have moved to fully isolate Russia over its unprovoked attack on Ukraine, former German Chancellor Gerhard Schröder — the chairman of the board of Nord Stream 2 AG — has yet to cut his lucrative ties with Russian energy giants.
Members of his office staff have quit in protest, according to Politico.
https://news.yahoo.com/operator-nord-stream-2-files-190612218.html?source=patrick.net
Between the lines: Even as the West and private companies have moved to fully isolate Russia over its unprovoked attack on Ukraine, former German Chancellor Gerhard Schröder — the chairman of the board of Nord Stream 2 AG — has yet to cut his lucrative ties with Russian energy giants.
Members of his office staff have quit in protest, according to Politico.
https://news.yahoo.com/operator-nord-stream-2-files-190612218.html?source=patrick.net
55
richwicks
2022 Mar 1, 1:28pm
richwicks
2022 Mar 1, 1:28pm
Eric Holder says
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
DIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
56
Eric Holder
2022 Mar 1, 1:40pm
Eric Holder
2022 Mar 1, 1:40pm
richwicks says
Good start.
Eric Holder saysDIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
Good start.
57
richwicks
2022 Mar 1, 1:42pm
richwicks
2022 Mar 1, 1:42pm
Eric Holder says
All it's going to do is drive up energy prices in Europe and Russia will just reroute energy to China. What? You think Gazprom is going to go tits up? British Petroleum poisoned the entire Gulf of Mexico.
richwicks saysEric Holder saysDIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
Good start.
All it's going to do is drive up energy prices in Europe and Russia will just reroute energy to China. What? You think Gazprom is going to go tits up? British Petroleum poisoned the entire Gulf of Mexico.
58
AmericanKulak
2022 Mar 1, 1:51pm
AmericanKulak
2022 Mar 1, 1:51pm
China is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
59
Eric Holder
2022 Mar 1, 2:23pm
Eric Holder
2022 Mar 1, 2:23pm
richwicks says
We'll see. Tits up, broken into smaller entities or laying on the bottom of Russian Ocean - all fine with me. =))
You think Gazprom is going to go tits up?
We'll see. Tits up, broken into smaller entities or laying on the bottom of Russian Ocean - all fine with me. =))
60
Eric Holder
2022 Mar 1, 2:27pm
Eric Holder
2022 Mar 1, 2:27pm
AmericanKulak says
Good: more market for US LNG.
China is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
Good: more market for US LNG.
61
richwicks
2022 Mar 1, 2:49pm
richwicks
2022 Mar 1, 2:49pm
Eric Holder says
Yeah! FUCK those Europeans! Double their energy costs!
BTW - this is Moderna's stock:
https://finance.yahoo.com/quote/MRNA?p=MRNA&.tsrc=fin-srch
It's down 75% from its high. The difference is, no way would I consider buying them. Remember when we had that pandemic? Last week?
AmericanKulak saysChina is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
Good: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
BTW - this is Moderna's stock:
https://finance.yahoo.com/quote/MRNA?p=MRNA&.tsrc=fin-srch
It's down 75% from its high. The difference is, no way would I consider buying them. Remember when we had that pandemic? Last week?
62
Eric Holder
2022 Mar 1, 3:58pm
Eric Holder
2022 Mar 1, 3:58pm
richwicks says
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Good: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
63
mell
2022 Mar 1, 4:05pm
Eric Holder says
Agreed - and European countries can do business with whomever they want (they may of course lose nato "protection" but that may not be a bad thing at all), incl. Russia.
richwicks saysGood: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Agreed - and European countries can do business with whomever they want (they may of course lose nato "protection" but that may not be a bad thing at all), incl. Russia.
64
richwicks
2022 Mar 1, 4:10pm
richwicks
2022 Mar 1, 4:10pm
Eric Holder says
Compressing natural gas, and putting it into ships, to cart over to Europe is not competitive, AT ALL, to a pipeline.
And what do you mean "it's safe"? It's natural gas. Russian natural gas isn't more volatile than US natural gas.
Eric Holder says
Yeah, the oligarchy doesn't give a shit about that. Russia's banking system isn't under the control of the same people that run our banking system or Europe's, and if Russia can't export energy, the US can always do it by stealing it from the Middle East after they kill a few million people and make a profit.
That's all this is about.
Eric Holder says
Dude, we're China's bitch. Look at the clothes you're wearing, the device you're using, the chair you're sitting in, the rug under your feet, even the paint on your walls - where do you think that came from?
Russia has a TRADE SURPLUS. All this crap about "Russia is a poor country" - yeah, maybe measured in terms of GDP, which is a bullshit measurement, which is why the US uses it. The richest country in the world today, is clearly China.
richwicks saysGood: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe.
Compressing natural gas, and putting it into ships, to cart over to Europe is not competitive, AT ALL, to a pipeline.
And what do you mean "it's safe"? It's natural gas. Russian natural gas isn't more volatile than US natural gas.
Eric Holder says
I agree with Trump: we should have a strong political, military and economical alliance with Europe.
Yeah, the oligarchy doesn't give a shit about that. Russia's banking system isn't under the control of the same people that run our banking system or Europe's, and if Russia can't export energy, the US can always do it by stealing it from the Middle East after they kill a few million people and make a profit.
That's all this is about.
Eric Holder says
Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Dude, we're China's bitch. Look at the clothes you're wearing, the device you're using, the chair you're sitting in, the rug under your feet, even the paint on your walls - where do you think that came from?
Russia has a TRADE SURPLUS. All this crap about "Russia is a poor country" - yeah, maybe measured in terms of GDP, which is a bullshit measurement, which is why the US uses it. The richest country in the world today, is clearly China.
65
Eric Holder
2022 Apr 4, 8:41am
https://www.wsj.com/articles/berlin-takes-control-of-gazproms-german-business-11649086113?source=patrick.net
Eric Holder
2022 Apr 4, 8:41am
BERLIN—The German government will temporarily take control of a key unit of Russian state-owned natural gas giant Gazprom PJSC in Germany
https://www.wsj.com/articles/berlin-takes-control-of-gazproms-german-business-11649086113?source=patrick.net
66
AmericanKulak
2022 Apr 4, 10:32am
AmericanKulak
2022 Apr 4, 10:32am
Accumulating Resources and/or Making things is wealth, that's the ultimate purpose of money - to buy those commodities and things.
By that measure, the US is not rich.
By that measure, the US is not rich.
67
Misc
2022 Apr 4, 11:06am
AmericanKulak says
About 90% of the US's GDP is internal to the US. Only about 10% is trade related The amount of GDP that is trade related is among the lowest in the world. We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
We run a trade deficit, but out multi-national corporations' (mostly held by US stockholders) foreign operations dwarf this by a huge amount.
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
We are the richest country on earth.
Accumulating Resources and/or Making things is wealth, that's the ultimate purpose of money - to buy those commodities and things.
By that measure, the US is not rich.
About 90% of the US's GDP is internal to the US. Only about 10% is trade related The amount of GDP that is trade related is among the lowest in the world. We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
We run a trade deficit, but out multi-national corporations' (mostly held by US stockholders) foreign operations dwarf this by a huge amount.
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
We are the richest country on earth.
68
richwicks
2022 Apr 4, 11:46am
richwicks
2022 Apr 4, 11:46am
Misc says
GDP only measures how much turnover there is within an economy. Its a totally useless metric for wealth of a nation. The only reason the US government CONSTANTLY harps about this is because the US has the highest GDP so our government keeps "mistaking" GDP for wealth.
Misc says
This has been predicted YEARS ago (as one possibility) that before the US dollar blows up, it will go through deflation first, then massive inflation. We'll see. It would be the way to fuck over first people in debt, then to fuck over people who save. It screws the maximum number of people.
We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
GDP only measures how much turnover there is within an economy. Its a totally useless metric for wealth of a nation. The only reason the US government CONSTANTLY harps about this is because the US has the highest GDP so our government keeps "mistaking" GDP for wealth.
Misc says
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
This has been predicted YEARS ago (as one possibility) that before the US dollar blows up, it will go through deflation first, then massive inflation. We'll see. It would be the way to fuck over first people in debt, then to fuck over people who save. It screws the maximum number of people.
69
Eric Holder
2022 Apr 4, 12:01pm
Eric Holder
2022 Apr 4, 12:01pm
Italian Foreign Minister Luigi Di Mayo said that after the atrocities in Bucha, Italy will support sanctions against the russian gas
70
Eric Holder
2022 Apr 4, 12:02pm
Eric Holder
2022 Apr 4, 12:02pm
VILNIUS, Lithuania -- Lithuania says it has cut itself off entirely of gas imports from Russia, apparently becoming the first of the European Union's 27 nations using Russian gas to break its energy dependence upon Moscow.
“Seeking full energy independence from Russian gas, in response to Russia’s energy blackmail in Europe and the war in Ukraine, Lithuania has completely abandoned Russian gas,” Lithuania’s energy ministry said in a statement late Saturday, adding that the measure took effect in the beginning of April.
71
richwicks
2022 Apr 4, 12:25pm
richwicks
2022 Apr 4, 12:25pm
Eric Holder says
It's a completely fungible commodity. Reminds me of the sanctions that US supposedly had against Iraq - all that happened is people in powerful places just lied about the sources, and walked around the sanctions and pocketing a few large fortunes in the process.
“Seeking full energy independence from Russian gas, in response to Russia’s energy blackmail in Europe and the war in Ukraine, Lithuania has completely abandoned Russian gas,” Lithuania’s energy ministry said in a statement late Saturday, adding that the measure took effect in the beginning of April.
It's a completely fungible commodity. Reminds me of the sanctions that US supposedly had against Iraq - all that happened is people in powerful places just lied about the sources, and walked around the sanctions and pocketing a few large fortunes in the process.
72
FortWayneAsNancyPelosiHaircut
2022 Apr 4, 5:21pm
FortWayneAsNancyPelosiHaircut
2022 Apr 4, 5:21pm
not sure what this means, will this do anything for our gas prices? They haven't come down yet.
73
RWSGFY
2022 Apr 4, 7:37pm
RWSGFY
2022 Apr 4, 7:37pm
FortWayneAsNancyPelosiHaircut says
No connection whatsoever.
not sure what this means, will this do anything for our gas prices? They haven't come down yet.
No connection whatsoever.
74
richwicks
2022 Apr 4, 10:14pm
richwicks
2022 Apr 4, 10:14pm
RWSGFY says
Yes, we totally live in a free market now that supply and demand is completely disconnected from price..
FortWayneAsNancyPelosiHaircut saysnot sure what this means, will this do anything for our gas prices? They haven't come down yet.
No connection whatsoever.
Yes, we totally live in a free market now that supply and demand is completely disconnected from price..
75
Rin
2022 May 11, 4:44pm
Rin
2022 May 11, 4:44pm
richwicks says
I have a feeling that before the hyper-inflation, gold will break out of its current doldrums and start to equilibrate against the true CPI in terms of the USD.
So far, having studied gold charts, I don't see that situation yet.
When it happens, better become a gold bug before it's too late. Right now, my exposure to gold is a sliver of my portfolio, since I bought some circa $400/oz and the other section, when it was around $1100/oz.
fuck over people who save.
I have a feeling that before the hyper-inflation, gold will break out of its current doldrums and start to equilibrate against the true CPI in terms of the USD.
So far, having studied gold charts, I don't see that situation yet.
When it happens, better become a gold bug before it's too late. Right now, my exposure to gold is a sliver of my portfolio, since I bought some circa $400/oz and the other section, when it was around $1100/oz.
76
Eric Holder
2022 May 11, 5:44pm
Eric Holder
2022 May 11, 5:44pm
DooDahMan says
Wow, 3rd month into the war and it turns out that the gas has been flowing uniterrupted up until now (until very smart RuZZians decided to occupy the territory it's going through and fuck with the equipment, that is). Puts a giant stake into the heart of "West and Ukraine have always wanted to stop RuZZian gas from flowing through there" low-IQ conspiracy theory.
So another inch closer to the drain for Gazprom and no other than Putin did it to them.
The fuckers had such a nice gig going....
Kyiv Halts Russian Gas Shipments Through Key Hub
Russian gas flows to Europe via Ukraine fell by a quarter on May 11 after Kyiv announced that it would stop Russian shipments through its key Novopskov hub in the east, blaming interference by Russian forces in the region.
It is the first time exports have been disrupted since Moscow launched its unprovoked invasion of Ukraine. Despite the war, Ukraine has remained a major transit route for Russian gas to Europe.
Russia's state-controlled energy giant Gazprom, which has a monopoly on Moscow's gas exports by pipeline, said it was still shipping gas to Europe via Ukraine, but volumes were seen at 72 million cubic meters (mcm) on May 11, down from 95.8 mcm the previous day.
Wow, 3rd month into the war and it turns out that the gas has been flowing uniterrupted up until now (until very smart RuZZians decided to occupy the territory it's going through and fuck with the equipment, that is). Puts a giant stake into the heart of "West and Ukraine have always wanted to stop RuZZian gas from flowing through there" low-IQ conspiracy theory.
So another inch closer to the drain for Gazprom and no other than Putin did it to them.
The fuckers had such a nice gig going....
77
HeadSet
2022 May 14, 11:03am
HeadSet
2022 May 14, 11:03am
DooDahMan says
Adding biased phrases like "unprovoked" to the article show that the author is biased and the article is thus unreliable.
since Moscow launched its unprovoked invasion of Ukraine.
Adding biased phrases like "unprovoked" to the article show that the author is biased and the article is thus unreliable.
78
RWSGFY
2022 May 14, 11:16am
RWSGFY
2022 May 14, 11:16am
HeadSet says
These are not biased words but factual description. Because we're 3rd month into the invasion and still no proof of any existential threat to Russia from Ukraine have been provided or emerged. They had no credible casus belli, pure and simple.
DooDahMan sayssince Moscow launched its unprovoked invasion of Ukraine.
Adding biased phrases like "unprovoked" to the article show that the author is biased and the article is thus unreliable.
These are not biased words but factual description. Because we're 3rd month into the invasion and still no proof of any existential threat to Russia from Ukraine have been provided or emerged. They had no credible casus belli, pure and simple.
79
richwicks
2022 May 14, 12:06pm
richwicks
2022 May 14, 12:06pm
RWSGFY says
That's not true. Russia has been trying to negotiate with Ukraine for 8 solid years. They attempted to bring this up multiple times at the UN. They have been entirely consistent and clear for the entire time.
Ukraine can't join NATO (not that France or Germany would allow it, but neither France nor Germany stated that, neither did Ukraine)
Stop bombing Eastern Ukraine and follow the Minsk Accords.
Ukraine has ignored this the entire time, they never negotiated in good faith. So quit lying.
HeadSet says
DooDahMan sayssince Moscow launched its unprovoked invasion of Ukraine.
Adding biased phrases like "unprovoked" to the article show that the author is biased and the article is thus unreliable.
These are not biased words but factual description
That's not true. Russia has been trying to negotiate with Ukraine for 8 solid years. They attempted to bring this up multiple times at the UN. They have been entirely consistent and clear for the entire time.
Ukraine can't join NATO (not that France or Germany would allow it, but neither France nor Germany stated that, neither did Ukraine)
Stop bombing Eastern Ukraine and follow the Minsk Accords.
Ukraine has ignored this the entire time, they never negotiated in good faith. So quit lying.
80
mostly reader
2022 May 14, 12:21pm
richwicks says
How exactly did they negotiate? By installing their puppet Yanukovitch? By taking over Crimea? By sending their goons to Donetsk/Lugansk? Or by leading hybrid war for 8 years?
Will you actually be stupid enough to claim that non of this happened?
If I didn't know your MO I'd feel sorry for someone so misinformed. But since I know your MO, the feeling is that of disgust.
That's not true. Russia has been trying to negotiate with Ukraine for 8 solid years.There's one thing on patnet that doesn't change: puturds running their little propaganda campaign.
How exactly did they negotiate? By installing their puppet Yanukovitch? By taking over Crimea? By sending their goons to Donetsk/Lugansk? Or by leading hybrid war for 8 years?
Will you actually be stupid enough to claim that non of this happened?
If I didn't know your MO I'd feel sorry for someone so misinformed. But since I know your MO, the feeling is that of disgust.
81
richwicks
2022 May 14, 12:42pm
richwicks
2022 May 14, 12:42pm
mostly reader says
Just demonstrate I'm incorrect. You're again wasting your time insulting me.
mostly reader says
There was no conflict when their puppet Yanukovitch was in power. There was a problem when the CIA took over the nation by staging a fake revolution. That's when Western Ukraine began bombing Eastern Ukraine and began claiming they were going to join NATO. NATO is a defunct organization, it should have been dissolved when the Warsaw Pact was.
mostly reader says
Well, they weren't going to give up their naval base there. They are majority Russian there. The US would be more likely to give up Guantanamo.
mostly reader says
Well you got REAL war now.
mostly reader says
I'm pointing out none of this would have happened if the US didn't overthrow Ukraine in 2014.
mostly reader says
I find it difficult you believe what you claim to believe. You never source information, EVER. I do.
And now, all the evidence is being wiped by "Big Tech", ala 1984. Seems legit..
I don't believe my government because they are proven and habitual liars. Why do you believe anything the US government says?
richwicks saysThat's not true. Russia has been trying to negotiate with Ukraine for 8 solid years.There's one thing on patnet that doesn't change: puturds running their little propaganda campaign.
Just demonstrate I'm incorrect. You're again wasting your time insulting me.
mostly reader says
How exactly did they negotiate? By installing their puppet Yanukovitch?
There was no conflict when their puppet Yanukovitch was in power. There was a problem when the CIA took over the nation by staging a fake revolution. That's when Western Ukraine began bombing Eastern Ukraine and began claiming they were going to join NATO. NATO is a defunct organization, it should have been dissolved when the Warsaw Pact was.
mostly reader says
By taking over Crimea?
Well, they weren't going to give up their naval base there. They are majority Russian there. The US would be more likely to give up Guantanamo.
mostly reader says
By sending their goons to Donetsk/Lugansk? Or by leading hybrid war for 8 years?
Well you got REAL war now.
mostly reader says
Will you actually be stupid enough to claim that non of this happened?
I'm pointing out none of this would have happened if the US didn't overthrow Ukraine in 2014.
mostly reader says
If I didn't know your MO I'd feel sorry for someone so misinformed. But since I know your MO, the feeling is that of disgust.
I find it difficult you believe what you claim to believe. You never source information, EVER. I do.
And now, all the evidence is being wiped by "Big Tech", ala 1984. Seems legit..
I don't believe my government because they are proven and habitual liars. Why do you believe anything the US government says?
82
mell
2022 May 14, 1:01pm
mostly reader says
So we have never negotiated with countries and parties involved in military actions? Following that logic we should be at war with dozens of countries, including some large powers. Nato deliberately did not negotiate seriously ever on this, instead they poked the bear. If you're fine with plenty of Ukrainians and Russians dying over a conflict involving small areas of Ukraine and neutrality that's between you and your conscience, but insults don't help that cause. Neither does invoking godwins law, Hitler quickly declared war on the entire world within a few years, whereas this has been a localized conflict over small regions for decades. They should come to the table, negotiate a deal and make it clear that this is about the separatist regions only and any future aggression deviating from the deal and expanding will be met with force.
How exactly did they negotiate? By installing their puppet Yanukovitch? By taking over Crimea? By sending their goons to Donetsk/Lugansk? Or by leading hybrid war for 8 years?
So we have never negotiated with countries and parties involved in military actions? Following that logic we should be at war with dozens of countries, including some large powers. Nato deliberately did not negotiate seriously ever on this, instead they poked the bear. If you're fine with plenty of Ukrainians and Russians dying over a conflict involving small areas of Ukraine and neutrality that's between you and your conscience, but insults don't help that cause. Neither does invoking godwins law, Hitler quickly declared war on the entire world within a few years, whereas this has been a localized conflict over small regions for decades. They should come to the table, negotiate a deal and make it clear that this is about the separatist regions only and any future aggression deviating from the deal and expanding will be met with force.
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"
How Russian energy giant Gazprom lost $300bn.
It was not too long ago that Gazprom, Russia’s state-controlled energy conglomerate, was one of the Kremlin’s most powerful weapons. But those days now seem like a distant memory. Today, Gazprom is a financial shadow of its former self.
The speed of Gazprom’s decline is breathtaking. At its peak in May 2008, the company’s market capitalisation reached $367bn (£237bn), making it one of world’s most valuable companies, according to a survey compiled by the Financial Times. Only fellow Exxonmobile and PetroChina were worth more. Gazprom’s deputy chair Alexander Medvedev repeatedly predicted that within a decade the Russian energy giant could be worth $1 trillion.
That prediction now seems foolhardy. Since 2008, Gazprom’s value has plummeted. In early August it had a market capitalisation of $51bn – losing more than $300bn. No company among the world’s top 5,000 has suffered a bigger collapse, Bloomberg Business News reported in April 2014, and by the end of the year net income had fallen by an astonishing 86%.
Though share prices have rallied slightly since, indicators suggest Gazprom has further to fall. Lingering uncertainty raises questions about whether it can survive, with production continuing to tumble downward.
So what happened? Why is a company with the world’s largest gas reserves, operating in a country bordering China and the European Union – two of the world’s top energy consumers, performing so badly?"
http://www.theguardian.com/world/2015/aug/07/gazprom-oil-company-share-price-collapse