Post by
marketsense on Jul 21, 2022 2:59pm
Disconnect
The nat gas situation in Europe is so bad that the IEA chief in Europe said in order
for Europe to survive this winter, they need to cut gas usage by 20% starting now.
They've already cut usage. Germany's petrochemical industry is on life support right
now. Even with all the LNG being imported and sourcing nat gas from any and all other
possible suppliers, it will not help them and rationing must begin immediately.
If they don't or can't, Europe will be a disaster this winter. You can't get more bullish than that short of Putin cutting off their gas indefinately.
Comment by
stockmarket1 on Jul 21, 2022 3:56pm
Personally, I don't see the worst case scenario happening this winter. Somehow things always work out against the " bad as the media portrays" stories. Another words.....it's never as bad as it seems when the time comes. That's just my opinion in any case.
Comment by
RevT79 on Jul 21, 2022 4:43pm
I'm not sure about that! With the g7 leaders all making fun of Putin on national tv ...that migth just be enough to give a reason to the communist psychopath to show them what respect is!what they did is unnaceptable and dangerous !!!