Just great

Just saw an article that natural gas is skyrocketing because we are now taking every available bit of it and turning it into LNG and shipping it off to Europe and Asia as they try to get off Russian gas.

That sky-high prices will become the new normal and last for years. Great, so much for converting from heating oil, if it’s going to become as expensive as that to heat with!

Is there anything this dumbass old man in the White House can’t fuck up for us?

Not every bit, I have a well underneath my property, the first 3 months of royalty checks were very good, I mean retirement good. On the 4th month they dropped to under $100/month and have been there for about 3 years.

Countries like Germany, especially Germany, have been very critical of the US, not paying for defense per their agreements, and were playing footsie to the Russians as they got hooked on their natural gas.
The pipeline that was being built to bypass Ukraine and go direct to Germany, was done to help starve the Ukrainians of income, enrich Russia, and get the Germans so hooked on one supplier with an agenda.

Other countries around the world are sucking up to the Chinese now and thumbing their noses at us. The Chicoms offer some trinkets and they gladly accept, ignoring the obvious reasons for the offer.
In a few years, when the Chicoms have them by the balls and the bill comes due, they will also come back begging to us to save them.

The price is only driven by politics. Not supply. We’re sitting on metric fucktons of that crap for the next 300 years at least.

quote:

Other countries around the world are sucking up to the Chinese now and thumbing their noses at us. The Chicoms offer some trinkets and they gladly accept, ignoring the obvious reasons for the offer.
In a few years, when the Chicoms have them by the balls and the bill comes due, they will also come back begging to us to save them.

Just saw on the news that the Solomon Islands have signed some sort of pact with china.

That's where, among other things, you'll find Guadacanal. Undoubtedly the chinese are bribing officials in many countries and thus country and it's people are getting more than screwed.


I just opened my monthly natural gas bill, and now it's just under $10.00 per dekatherm.
.

My rate for nat gas this March vs March, 21 increased 67%.

I just reviewed my Natural Gas bills from Liberty Utilities and calculated the year over year increase for December thru March...

Dec - 88.46%
Jan - 62.49%
Feb - 45.62%
Mar - 44.51%

The above data represents the month of Natural Gas usage, NOT the month the bill was due.


ETA - Slight thread drift, but I reviewed my Electric bills from Eversource and calculated the year over year increase for Electricity as well...Just as Mad!

Dec - 24.87%
Jan - 24.87%
Feb - 45.82%
Mar - 60.99%

This message has been edited. Last edited by: nhracecraft,

A relative from MI just mentioned natural gas prices, up sharply. He’s a wood burner, so no real biggie on the house, but it will effect many. Right now we’re starting a warmup, soon. Next winter the prices will be brutal. That will apply for the summer fill up too.

A few months ago I googled heating costs in Germany, up 3x a year or so ago.

Yes, a few years ago they were burning off excess gas in the fields. It was extremely cheap.

I’m a wood burner myself, pile goes out two years. I just got a call this eve from a landowner with a few Oak trees available. I don’t need the wood, but plan to check it out tomorrow. I like to keep the relationship active, don’t want to fall off his call list.

I think I'm seeing cost per therm up about 30% since fall last year (before I turned on the furnace).

Israel is wanting to build a natural gas pipeline to Europe but Biden is blocking it. Germany has shut down Nuclear power plants. Americans should not have to pay for other countries stupidity.

Biden is blocking the Israeli pipeline to Europe because Erdogan in Turkey is being his usual bitch self and insisting it be blocked.

Comparing Dec 2021 to 2022, natural gas prices more than doubled in Iowa. Considerable insulation work on windows and doors helped keep the heating costs down considerably. It took a while to schedule, but we just finished a blower-door test that pointed out a few more areas to update insulation.

So what the hell is all the fracking for if Americans dont get any benefit from our own resources? Some one is making big money off this.

quote:

Originally posted by Il Cattivo:
Biden is blocking the Israeli pipeline to Europe because Erdogan in Turkey is being his usual bitch self and insisting it be blocked.

Nope: They were going to go through Greece and bypass Turkey.


US informs Israel it no longer supports EastMed pipeline to Europe

https://www.jpost.com/international/article-693866

Washington informed Athens that they no longer support the EastMed project earlier this month.


The US no longer supports the proposed EastMed natural-gas pipeline from Israel to Europe, the Biden administration has informed Israel, Greece and Cyprus in recent weeks.

State Department officials conveyed the new position to the Foreign Ministry, a diplomatic source in Jerusalem confirmed Tuesday. The Foreign Ministry declined to comment on the matter.

The reversal of position from that of the Trump administration was first reported in Greece earlier this month.

Former US secretary of state Mike Pompeo and former energy secretary Dan Brouillette expressed US support for the pipeline when they were in office.

But Washington informed Athens it was reversing course from the Trump administration in a “non-paper,” a diplomatic term for an unofficial, or off-the-record, communication this month.

“The American side expressed to the Greek side reservations as to the rationale of the EastMed pipeline, [and] raised issues of its economic viability and environmental [issues],” a Greek government source told Reuters.

“The Greek side highlighted that this project has been declared a ‘special project’ by the European Union, and any decision on its viability will logically have an economic impact,” the official said.

The EastMed pipeline, meant to transfer natural gas from Israeli waters to Europe via Greece and Cyprus, was announced in 2016, and several agreements have been signed between the three countries on the subject. The three states aimed to complete the €6 billion project by 2025, but no financing has been secured for it.

The US Embassy in Jerusalem said that the Americans “remain committed to the energy security and connectivity of the Eastern Mediterranean.”

Among the proposals the US supports is the EuroAsia interconnector linking Israeli, Cypriot and European electricity grids, “allowing for future exports of electricity produced by renewable energy sources, benefiting nations in the region.” The interconnector “would not only connect vital energy markets, but also help prepare the region for the clean energy transition,” the embassy said.

The US Embassy also said this is “a time when Europe’s energy security is – more than ever – a question of national security,” and as such, the US is “committed to deepening our regional relationships and promoting clean energy technologies.”

The US Embassy in Greece made a similar statement last week, saying Washington still supports the 3+1 mechanism of meetings between Israel, Greece, Cyprus and the US.

Claims over natural gas in the Eastern Mediterranean have been a point of contention with Turkey in recent years, with Ankara saying it should be part of the EastMed project.

Turkish President Recep Tayyip Erdogan took the opportunity of the US withdrawing its support to say: “[If Israeli gas] would be brought to Europe, it could only be done through Turkey. Is there any hope for now? We can sit and talk about the conditions.”

He also noted his recent phone calls with Prime Minister Naftali Bennett and President Isaac Herzog and said engagement with Israel had improved.

Turkish state media channel TRT last week aired a documentary opposing the EastMed pipeline titled The Pipe Dream, which includes footage of State Department Senior Advisor for Energy Security Amos Hochstein discussing the matter before he was appointed to his current position.

Hochstein said he would be “extremely uncomfortable with the US supporting this project” because of its environmental implications.

“Why would we build a fossil fuel pipeline between the EastMed and Europe when our entire policy is to support new technology... and new investments in going green and in going clean?” he asked. “By the time this pipeline is built we will have spent billions of taxpayer money on something that is obsolete – not only obsolete but against our collective interest between the US and Europe.”

Hochstein said the project was not financially feasible. It would cost more than €6b., he said, adding that international financial institutions no longer are committed to investing in fossil fuels.

The pipeline plan was “totally driven by politics,” but “multibillion-dollar deals should be driven by the commercial side,” Hochstein said.

“This idea came up in 2016, but no movement has been made except for signing some contracts, MOUs [memorandums of understanding] and the big hoopla of politics... Some ministers in the region are talking about the EU supporting [the plan]; they agreed to a feasibility study on the project. That’s a big difference,” he said.

“This is politicians talking, but there’s [nothing] there,” Hochstein said. “This project probably will not happen because it’s too complicated, too expensive and too late in the arch of history.”

Gabriel Mitchell, director of external relations for the Mitvim Institute for Regional Foreign Policy, said Israel’s relationship with Greece and Cyprus, which has grown very warm in recent years, does not depend on the EastMed pipeline.

“The cooperation between the parties has expanded beyond the narrow scope of an undersea pipeline project, incorporating multiple fields and interministerial cooperation,” he said.

Regarding Israel’s future in exporting natural gas, the EastMed was never its only option, Mitchell said.

“The story of the EastMed pipeline should serve as a reminder that these projects require a high level of commercial, technical and political feasibility,” he said. “As one door potentially closes, others could open that present a different but no less important set of commercial and geopolitical opportunities.”

“The EastMed pipeline’s feasibility issues were well-documented, but in the end, it may be other energy initiatives – such as the EuroAsia interconnector – that become the tripartite relationship’s flagship project,” Mitchell said.

^^^Exactly why would the US have any say, or sway in this anyway?

quote:

Originally posted by Il Cattivo:
Biden is blocking the Israeli pipeline to Europe because Erdogan in Turkey is being his usual bitch self and insisting it be blocked.

Inform me. How is it possible for us (biden) to block or approve such things overseas.

Yep... My natural gas bills for February and March 2022 were 40% higher than February and March 2021, despite using 10-20% less gas this year.

So natural gas rates have jumped 50%+.

The co-op I get electricity from just announced a 6.5% rate hike due to natural gas prices. My 4% raise is about -10% at this point due to all the “transitory inflation.”

But poopy-pants didn't have a thing to do with it all!! It was all Trump and Putin.......sure!!

quote:

Originally posted by Hamden106:
Inform me. How is it possible for us (biden) to block or approve such things overseas.

You didn't notice us trying to block the Nordstream II pipeline - and succeeding - under Trump?

We provide Israel with a tremendous amount of money, weapons, intelligence and diplomatic support, so we have a lot of influence with them. Israel would certainly need our help with Turkey if the pipeline ran through Turkey's jurisdiction.