Ole Lenku wrote:Improvements in fracking technology, and new techniques of directional drilling since the millennium, have turned the United States into the world’s largest natural gas producer, brought prices down, and prompted many coal- and oil-fired industries to switch to gas. American port terminals originally designed to import liquefied natural gas (LNG) are now being modified to facilitate exports, and a growing surplus may start to find its way to Europe, reducing Europe’s dependence on Russia.
Once the dust settles, Putin will be finished in international politics.
They have to amend the law first because currently as we chat today there's a law that prohibits export of crude etc etc. And even if the law is amended at how much will it be priced given that it has to be transported across the atlantic to get to EU?
The US still doesn't have enough energy, many commercials and documentaries will tell you that they do but do you think the debate on the Keystone pipeline would be there if they believed that they had enough to run their economy?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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