Replies to post #240 on Evolve Transition Infrastructure LP (SNMP)

[tw0122]

$1..Great News because of Europe..

Crude oil $200 coming and Nat Gas $20 btu because the Oil lobbyists in Washington pretty much run European policy on oil and gas. Congress members making booty loot in the stock markets. They purposely breaking down cheaper supply chains for Nat gas and crude oil in Europe and broken supply chains means much much higher oil and gas prices.
Getting 3 x more expensive Nat gas from US, Qatar etc for Europe and no longer getting cheap Russian crude oil from pipeline and having it unfriendly environmentally shipped from Saudi Arabia sending crude Oil to $200.

The Wall Street Journal reports European Union Pledges to Curb Oil Purchases From Russia

The EU has a huge credibility problem and it is not just Hungary.

Sanctions have increased the price of oil (China and India still buying), and the ruble is the best performing currency vs the US dollar.


It's not just oil. Natural Gas supply chain is also ridiculous.

To not buy Russian natural gas, the EU will buy LNG from the US to the detriment of the environment to boot

And Russia now building NG lines to China!
The stupidity of this is staggering.