Europe Can’t Rely on US Gas to Plug Growing Shortfall Next Year

[AJBot]

(Bloomberg) — Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands. Read More ...

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[Shaffy]

It is said that war only determines who's left, and not who is right. This is one of the consequences we must take into consideration before advocating for it. Hopefully the war would come to a peaceful resolution soon.

 

[Good-Person]

It is said that war only determines who's left, and not who is right. This is one of the consequences we must take into consideration before advocating for it. Hopefully the war would come to a peaceful resolution soon.

It is winter season and the supply of gas reduces and the demand increases by the passage of time as the winter season approaches. This is a problem in my country, but Europe deals with such kind of problem easily as there are many developed countries in that region.

 

[Billy]

True. Europe doesn't have the infrastructure to handle the additional supply. The US is in the middle of a massive pipeline expansion, but it will take time for those pipelines to be built and put into operation. In the meantime, Europe will need to figure out how to store all this new gas until it's ready for delivery—and that's no easy feat!

Also, Europe is already struggling with its own energy needs. The EU has taken steps to address this issue by investing in renewable energy sources like wind and solar power at home; however, these sources only provide enough power for about half of what's needed today. Right now there isn't enough natural gas available domestically either; so if the US starts exporting more than we consume domestically, that could mean higher prices overall across Europe (and we know what happens when prices go up...).

 

[glitch]

Everything happening with oil right now is a joke. The US alone is sitting on enough oil to power the entire world for 200+ years. There is no reason why we shouldn't be using our own oil and selling it to help offset other countries suffering.