Gas Embargo Would Hit Russia Hardest

Re:Gas Embargo Would Hit Russia Hardest by jeroenhd on Saturday February 26, 2022 @11:11AM (#30478757)

I don't believe it for a second. Energy prices in Europe have become extremely high and will continue to climb as Russian gas exports are sanctioned more and more. A full embargo would make it financially impossible for many European homes to get heat. Chemical processes and installations that take advantage of the generation of both CO2 and heat, like greenhouses, will be forced to either close down or increase prices, with a direct impact on the availability of affordable foods, chemicals and products.

With a full gas embargo, we're one polar vortex anomaly away from protests that will only favour politicians with Russian friends who are already calling for lower sanctions. In the short term this will have an effect, but unless American gas producers artificially lower their gas prices, the long term will only see more Russia-aligned politicians gaining prominence.

Europe's reliance on America and Russia has been a problem for a while and we're seeing the impact of it as we speak.

However, I do believe that "the economy" will be fine, but "the economy" mostly benefits the richest layers of society. That wealth doesn't trickle down.

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Re:Gas Embargo Would Hit Russia Hardest by kerneloftruth on Saturday February 26, 2022 @11:49AM (#30479209)

   but unless American gas producers artificially lower their gas prices

They should start producing more, and return us to being a net exporter as we were just 2 years ago; and, let the Keystone XL pipeline resume; and, expand domestic leases; ...

"Artificial" never works over time. Embracing reality is much more effective.

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Re:Gas Embargo Would Hit Russia Hardest by nate_meurer on Saturday February 26, 2022 @12:00PM (#30479346)

Keystone XL is an oil pipeline. And our net export of gas has continued to increase in the past couple of years.

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Re:Gas Embargo Would Hit Russia Hardest by 988747 on Saturday February 26, 2022 @12:19PM (#30479564)

The price charged by the US gas producers is maybe 10% of the resulting price in Europe. It's all about the transportation costs, liquefying the gas, and shipping it is very expensive.

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Re:Gas Embargo Would Hit Russia Hardest by rectang on Saturday February 26, 2022 @11:16AM (#30478808)

> unless American gas producers artificially lower their gas prices

Is that an option? Through US government subsidies or something similar?

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Re:Gas Embargo Would Hit Russia Hardest by rhino369 on Saturday February 26, 2022 @11:39AM (#30479083)

Does America even have the capability of sending more gas to Europe? I know there are some Natgas ships, but not that many.

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Re:Gas Embargo Would Hit Russia Hardest by HWR_14 on Saturday February 26, 2022 @01:08PM (#30480056)

I believe natgas shipment has been running at 100% for weeks now to build reserves in Europe.

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Re:Gas Embargo Would Hit Russia Hardest by user432678 on Saturday February 26, 2022 @11:47AM (#30479188)

Easy, Russia stores around 650 billions of dollars abroad. Confiscate it to cover the EU losses. Simple as that, you act like Hitler, you got to be punished.

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[dead]

Re:Gas Embargo Would Hit Russia Hardest by mmastrac on Saturday February 26, 2022 @11:21AM (#30478864)

And on the North American side, many of us are willing to sacrifice and pressure our governments to make up some of that as well so that you are shouldering it alone.

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Re:Gas Embargo Would Hit Russia Hardest by turbinerneiter on Saturday February 26, 2022 @12:53PM (#30479888)

The US doesn't have the greatest history of taking the grunt of the burden when it comes to sanctions.

Also as a European, is still remember as certain "fuck the Europeans" uttered by the neocons of your government when the Europeans warned that regime changing the Ukraine would maybe make the Russians feel threatened.

Europe has to find its own stance and mechanisms to counter Putin. It's pretty clear that neither the European way (economic integration) nor the US way (forever treating like an enemy) worked.

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Re:Gas Embargo Would Hit Russia Hardest by 6345dhjdsf on Saturday February 26, 2022 @12:59PM (#30479952)

Brit here. I'm with you. There's going to be pain either some now, or more later if this disease is allowed to grow. I'll take it now, and it won't be as much as the poor buggers in Ukraine are currently suffering, not by a long way.

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Re:Gas Embargo Would Hit Russia Hardest by hotz on Saturday February 26, 2022 @01:48PM (#30480483)

That's pure virtue signalling. Well off people can afford certain sacrifices. Why should people living month to month have to suffer more for what politicians decide to do in other countries.

Also, talking of hanging people. Start with the west. Iraq, Yemen, Libya etc. Wherever the west intervenes, hell follows.

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