In true Hitlerian fashion, the Biden administration is eradicating any thoughts of stepping out of line from its European vassals. Comply or we blow up your pipelines. From James Howard Kunstler at kunstler.com:
Message found in fortune cookie from Panda Take-out reminds us: “The dildo of consequence is seldom lubricated.” Please apply this ancient wisdom to “Joe Biden’s” sabotage of the Nord Stream 1 and 2 natgas pipelines. Secretary of State Antony Blinken spun the deed as a “tremendous opportunity” to reduce fuel use in Euroland, and shift its prior dependence on affordable Russian energy to ruinously-priced American liquid natural gas (LNG) — a supposed boon to US producers. Lucky us and them!
Let’s get a few technical matters straight about natgas. Gas pipelines allow for cheap gas, without costly intervening shipping procedures. Flows are continuous from producer to customer. LNG requires compression of the gas at super-cold temperatures and costly-to-build LNG tanker ships to keep that gas cold and compressed in transit. Each tanker can carry only so-much gas and the flow is not continuous. At each end of the energy-losing journey there is a costly LNG terminal to load and unload the gas. Bottom line: Euroland customers can’t afford US LNG, though for now they’ll be getting it good and hard to struggle through the first winter of a permanent depression that will feel more like the forecourt of a new dark age. Also bear in mind that American shale gas is a finite resource; that we need plenty of it ourselves; and that the earliest-developed US shale gas fields are crapping out one-by-one.