Re:Wall Street Is Finally Going to Make Money Off the Permian
by macanchex on Friday April 28, 2023 @01:59AM
(#35737951)
LNG exports:
https://www.eia.gov/dnav/ng/hist/n9133us2m.htm
Re:Wall Street Is Finally Going to Make Money Off the Permian
by Thorrez on Friday April 28, 2023 @02:48AM
(#35738257)
According to the graph, LNG exports were 337B feet^3 in Jan 2023, the most recent date shown, and were 353B feet^3 in Jan 2022, the month before the invasion. So exports are lower now than before the invasion.
In a topic which isn't centrally about the Russo-Ukrainian war, we should try to avoid as much as possible igniting the miserable arguments that ensue about it. Hopefully we can stick to the subject of oil prices, specifically.
Oil prices were briefly affected by the war, but Russia is now exporting just as much oil as it did in January 2022:
https://www.iea.org/data-and-statistics/charts/russian-total...
Overall, if this is an oil company plot, it failed. Demand mostly shifted around. Meanwhile, equipment has become more expensive, which isn't great for oil producers. Russian exports of metals are sanctioned, which isn't convenient for building stuff. Simply put, I don't think that a $700B industry would be so foolish.