A US fleet (of tanks) to the rescue of messy Europe …
Europe has this ability to try to destroy itself, only to be saved from overseas. In this, a fleet is coming to help, but a peaceful one.
Currently, of 76 US LNG cargoes en route, 10 tankers carrying a total of 1.6 million cubic meters of fuel for European power plants and heating, show shipment data compiled by Bloomberg .
Another 20 tankers carrying around 3.3 million cubic meters appear to cross the Atlantic Ocean en route to the continent. Nearly a third of the cargoes come from Cheniere Energy Inc.'s Sabine Pass LNG export terminal in Louisiana, according to shipping data.
So the insane energy policies, or lack of policies, caused a devastating energy crisis that caused prices to explode, making it convenient for North American traders to quickly fill tankers and ship them eastward as soon as possible. A move that had its effect however, with a drop in the price of the old continent's natural gas futures by 18%.
The decline is significant, but we are still far from levels that are economically tolerable for the European economic and industrial system. Even though energy prices in Germany and especially France have seen a reduction, they are still at stellar levels. Among other things, we expect a rather cold January in North America, so we are now experiencing an ideal situation that risks not continuing
The culprits of this disaster are always them: French and Germans, in a different way, but we will talk about this in another article.
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The article A US fleet (of tanks) to the rescue of messy Europe… comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/una-flotta-usa-di-cisterne-al-salvataggio-delleuropa-pasticciona/ on Thu, 23 Dec 2021 17:27:15 +0000.