News and information from Europe πͺπΊ
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QatarEnergy, the world's largest producer of natural gas, just got bombed.
Wow wow wow!
Wait, let's do what's always important when looking at wow wow wow graphs: Check scale. Ok, you're looking at a period of a day. Let's look at more.
Wow wow wow. This is what we are looking at. NOTHING happened. Really nothing.
This is Dutch TTF. It used to be much higher in 2021 and 2022 as Russia cut their gas supply. However it went down quite a bit with new LNG going online and obviously reduced gas consumption. This is still a fairly big problem, as the EU is cutting Russian LNG right now and buying more American LNG is a problem due to creating a dependence.
Right. I'm not saying there's no problem coming up. Whatever's happening in Iran might make things expensive again. I'm just saying that in comparison to previous crisis, nothing has happened YET.
Switch to renewable already. Or at least, this is part of why we should've prior.
Right now it's gonna sting cause these aren't the typa changes that happen overnight.
It makes me think, is the overproduction of oil and gas last year deliberate in anticipation of the war against Venezuela and Iran, in order to not shock the fossil fuel market? Because invading these countries while oil and gas prices are mid to high will piss off everyone. They must have planned this to build up of huge reserves to cushion the effects of the war in oil-rich countries.
Go green or go broke!
Good. Fuck being dependent on dictators for our energy. Renewables is the only way forward. European energy for Europeans.
Letβs see how willing EU leaders are to stand with Ukraine when Moscow promises cheap gas tomorrow. I am genuinely frightened.
Hello world! Canada has LNG we are looking to bring to market. Wink wink nudge nudge
If only we had some way of generating energy independent of oil and fossil fuels.
Economy is imploding because people don't want to pick between switching to green energy and not murdering brown people.
It seems to me that every major conflict (Russia, Middle East) spikes oil prices, relatively unpredictably (if you can call this unpredictable).
Maybe the world should look for alternative sources of energy, which are abundant, cheap, and can be deployed non centrally?
No. No thatβs insane.
These prices are literally controlled by price-fixing cartels.
But Europe is investing hundreds of billions in North Sea wind farms to generate hydrogen for heating, it was initiated by Putin's actions.
Now we just have to hope that people dont dig up this bullshit idea of using hydrogen to heat your own house.
There's really nothing wrong with generating hydrogen when power costs are negative.
Except that only happens like 500 hours a year.
And hydrogen will leak from any tank.
And it turns metal brittle.
And I wouldn't trust my neighbor with a propane tank, let alone hydrogen.
And its nearly impossible to transport through existing infrastructure.
But other than that, its great!
You forgot about the part where the possibility of generating hydrogen cleanly from electricity later is used as an excuse to build infrastructure and fuel-cell cars for it now, even though hydrogen now is dirty hydrogen produced by cracking fossil fuels.
I have no confidence that the second phase of switching to electrolysis would actually happen, and that "the hydrogen economy" isn't just a greenwashing scam perpetrated by natural gas producers.
What's that? I couldn't hear you over the nonstop greenwashing of gas cracking plants.
Whatever comes next Iβm prepared to be deeply disappointed by my government and our European partners on this. βMake gas cheaperβ is probably at the very top of every leaderβs to do list tomorrow.
The pedofile parasite class says no
Yeah, but power sources that don't spew fumes are for limp-wristed queers. /s
And the German government wants to end the sales ban for gas boilers. 55% of German gas consumption is used to heat buildings. So this is a key part of reducing consumption. Another case of a conservative government hurting Germany badly.
I'm laughing because I went with Habeck's advice and installed a simple heat exchanger in my house that is hooked up to a centralized community heating system that runs on sustainable heat sources. Because Habeck, imperfect as he may have been, had a realistic view on things that was rooted in scientific data.
Fuck the CDU and fuck the SPD, fucking class-traitor scumbags.
Have we reached the find out phase of fucking around?
That comes when the US supply of interceptors runs out before the Iranian supply of missiles and drones.
Y'know, usually the markets price things in well before they happened, but there was a whole lot of hopium this time that somehow a large-scale Middle Eastern war would not effect fossil fuel production and shipping.
Edit: I don't like that everyone's upvoting this. Less regulation is usually better, and family is important.
We buy the much more expensive US fracking gas. That spike is a minor blip to Europe.
Iβve read the world just lost about 20% of the total supply with that facility. Supply chains are in shambles everywhere.
The European Commission has a website listing the top gas suppliers to Europe
https://www.consilium.europa.eu/en/infographics/where-does-the-eu-s-gas-come-from/
Our main suppliers are, as of 2025:
While Qatar doesn't provide a huge proportion of European gas, it's not insignificant either. A disruption in the supply of Qatari gas could very easily cause prices to go up by a lot.
Edit: It's almost as if we should do everything in our power to rid ourselves of the dependency on fossil fuels.