Maroon Dawn said:

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This is how leftists, operate and create the problems we are seeing

To appear "green" they shut down fossil fuel energy production in their area to claim they making a difference for Mother Gaia wether they're Cali, NY or most of Europe, they all do this

But of course they still need it to power their grid because wind and solar can't and they won't use nuclear

So instead they import fossil fuel energy from the outside while using patented liberal doublethink to pretend this makes them clean and green since their power comes from the magic wall socket and they can ignore where those power and pipe lines and are coming from

This dependence on importing energy leads to higher prices of everything and in Germany's case robs them of their National autonomy because someone else can just turn out the lights if they want to

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They pulled the same crap as Germany did.

Crazy what some of these states are doing to themselves, they will pay in the pocket for their dumb decisions….

So clicking into that thread, It's interesting. The Jones Act prohibits a non US carrier from directly transporting goods from one US port to another. And evidently, the US doesn't have LNG carriers because of our pipelines.

Thus, New England is forced to have LNG transported from South America, and are forced to compete and pay for gas based on world market.

Get rid of the Jones Act and a non US carrier could ship LNG from the gulf coast to New England and the gas would be much cheaper.

So it's two issues: the fact they New England is killing pipelines and the Jones Act.

fullback44 said:

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Crazy what some of these states are doing to themselves, they will pay in the pocket for their dumb decisions….

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Actually sooner or later something will fail in these pipelines and transmission lines when the energy is most needed. The fact that they are generally maxed out and do not have alternate paths any failure will be significant and possibly cause multiple failures downstream. What almost happened in Texas 14 months ago will happen through out the NE and might take weeks or even months to bring back on line.

Of course they will never admit that they did it to themselves and just blame who ever the Dems/Libs tell them to blame.

Then it will all happen again.

Quote:

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Get rid of the Jones Act and a non US carrier could ship LNG from the gulf coast to New England and the gas would be much cheaper.

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They would still be competing against the Euros and other consumers for the US-produced LNG, correct?

Sure, the transportation costs would be less expensive, but the underlying commodity wouldn't be.

doubledog said:

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This reminds me of an environmentalist we knew. She would rant on about the environment and "big oil" and electric. She always claimed that she did not use her air conditioning, however every time we walked by her place, in the summer, the air compressor was screaming like a banshee. She lived very comfortably, but she talked up a good game.

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Someone should have dropped a huge screwdriver into her vent fan.

Keegan99 said:

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Quote:

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Get rid of the Jones Act and a non US carrier could ship LNG from the gulf coast to New England and the gas would be much cheaper.

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They would still be competing against the Euros and other consumers for the US-produced LNG, correct?

Sure, the transportation costs would be less expensive, but the underlying commodity wouldn't be.

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Not sure how that market works, but we are shipping $4 LNG to Europe right now with non US carriers, while the international price is $30/mcf. That $30 is what NE is paying.

It seems it's not like the crude oil market where there is one spot and futures market for everyone.

fullback44 said:

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Crazy what some of these states are doing to themselves, they will pay in the pocket for their dumb decisions….

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They believe they are saving the planet. In their minds they are heroes.

bmks270 said:

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fullback44 said:

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Crazy what some of these states are doing to themselves, they will pay in the pocket for their dumb decisions….

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They believe they are saving the planet. In their minds they are heroes.

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It's just so stupid .. these sheeeples believing they are saving the planet by not drilling for energy yet they try to pipeline it all in from somewhere else .. looks like the energy lobbyist from other areas have convinced these idiots that drilling and fracking are bad

Just like people opposing energy yet they drive a car, sleep on a mattress, watch tv on a tv made of plastic .. such idiots that can't think for themselves

fullback44 said:

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bmks270 said:

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fullback44 said:

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Crazy what some of these states are doing to themselves, they will pay in the pocket for their dumb decisions….

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They believe they are saving the planet. In their minds they are heroes.

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It's just so stupid .. these sheeeples believing they are saving the planet by not drilling for energy yet they try to pipeline it all in from somewhere else .. looks like the energy lobbyist from other areas have convinced these idiots that drilling and fracking are bad

I would like to be the guy buying $4.5 gas and selling it for $30 !

Just like people opposing energy yet they drive a car, sleep on a mattress, watch tv on a tv made of plastic .. such idiots that can't think for themselves

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Marcus Brutus said:

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Keegan99 said:

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Quote:

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Get rid of the Jones Act and a non US carrier could ship LNG from the gulf coast to New England and the gas would be much cheaper.

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They would still be competing against the Euros and other consumers for the US-produced LNG, correct?

Sure, the transportation costs would be less expensive, but the underlying commodity wouldn't be.

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Not sure how that market works, but we are shipping $4 LNG to Europe right now, while the international price is $30/mcf. That $30 is what NE is paying.

It seems it's not like the crude oil market where there is one spot and futures market for everyone.

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Actually the LNG market is starting to behave somewhat like the crude market - there are different markets for blends/locations of crude with established markets around the differentials in quality and location versus the benchmark.

LNG has uniform quality but diffuse markets - TTF in NW Europe, Asian marker vs US HH. Some long term markets still price at ~ 17% of Brent but those aren't relevant in spot and midterm markets. LNG pricing isn't as transparent and discoverable as crude but it's getting closer every day.

Benchmark variable price for a drop of LNG delivered into a boat on USGC is 115-130% of HH. You have to pay $3-4/dth in fixed charges for term to have that option.

Variable costs for shipping are about $4 to TTF and $6 to Asia. Load currency and interest rates on top of that. Well into the money, hence the Bloomberg article earlier today about BP loading a vessel from Cheniere on April 1 and sending it through Panama, then turning it around two days later to send it back through Panama at a cost of $1 million plus with a destination of Gibraltar.

Obviously, there is no LNG market at Gibraltar. BP has it pointed towards Europe with a landing window of 3-4 days, and they're trolling for the highest spot bidder ever hour. Intrinsic value and arbitrage at its best.

Winter on Long Island & surrounding areas drives cost/mcf up drastically. The virtual pipeline sector is expensive, but reliable. It was the middle finger response to new gas connection moratoriums by NG/ConEd. But it's the go-to for gas supply constraints nation wide, especially during the winter, and during integrity management outages.

Adding to this, not correcting:

People are used to seeing crude quoted as WTI or Brent without a lot of elaboration. Those tend to be $5 to $15 apart depending on a variety of things, although they have tightened up/gotten more consistent with more pipelines from west Texas into the coast. Crude around the world is priced based on Brent or WTI, but you don't just pay that price - there are differentials for location and the characteristics of the specific crude, and it's all negotiated by traders in real time. These can lead to pretty large differences. So the complexity is there, it's just out of sight.

Natural gas doesn't have the same infrastructure and habits, plus with liquids you can have inventory more easily. When it's a gas being put to work to generate electricity without significant local storage caverns and consumers who don't turn down the HVAC just because energy is scarce, you end up with massive swings. West coast natural gas can spike into the hundreds of dollars, which seems to happen in a local market every year or two (don't quote me on the frequency).

I posted last summer that I believe there will be deaths within the next five years due to cold weather in the northeast. Think of the cold snap we had last February, but temps 30 degrees colder and potential for longer and more complete power outages.

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I posted last summer that I believe there will be deaths within the next five years due to cold weather in the northeast. Think of the cold snap we had last February, but temps 30 degrees colder and potential for longer and more complete power outages.

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Yep. Going to happen and they should be expecting it and trying to head it off. But, instead they are doubling down on blocking the production and transportation of energy.

Well Stupidity Should Hurt. In this case I hope it hurts a lot.

YouBet said:

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Germany.

Entire world is watching the outcome from killing your own ability to produce power and making yourself dependent on someone else and yet dumb m'fers in blue cities will follow same path.

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Yep. BBC World News is the only network (that I have seen) that has mentioned President Trump's warning to Germany and the EU about their dependence on Russian fuel. It's the elephant in the newsroom for the other networks.

nortex97 said:

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HumbleAg04 said:

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I think the most surprising thing is that Peter Zeihan isn't blue checked. Outrageous.

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He is one of those conflicted dem apologists twitter doesn't trust to wind up spoiling the narrative.

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How on earth do you draw that conclusion? Zeihan tries hard to be apolitical which given his core position that geography and demographics are the key determining factors for a nation makes sense. I think he's wrong about Biden in that he's called him a populist and that's just not true. But he's given Trump a significant amount of credit for reworking US trade deals and has repeatedly said he landed in exactly the right place with those. I think his take on Biden is based on the fact that he hasn't even pretended to want to change the deals Trump put in place which is correct but that's really where his "American people first" ends.

If you ask him he'll say he's a libertarian (I've heard him say it) which means he wants far less government than the Democrats or Republicans.