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.
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 that’s 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.
The pedofile parasite class says no
If only we had some way of generating energy independent of oil and fossil fuels.
Unfortunately, we don't, because those take a long time to build and we keep putting it off.
And the other option requires batteries that take a long time to make, and we only just started on that.
Edit: why am I getting downvoted for complaining about how pretty much every western government isnt doing enough to transition to other power sources?
'Nuclear takes too long to build' has been an argument against nuclear for several times longer than it takes to build even the most stringently safe nuclear power plant... its depressing.
Nah. All it takes is investment and commitment to treating electricity like a utility beyond the profit imperative. Look at what China is doing with sodium-ion batteries.
We've had hydroelectric, wind, and nuclear energy for a long time.
Good. Fuck being dependent on dictators for our energy. Renewables is the only way forward. European energy for Europeans.
Let‘s see how willing EU leaders are to stand with Ukraine when Moscow promises cheap gas tomorrow. I am genuinely frightened.
I mean, prices are muuuuch lower than in 2022, and no one wants Ukraine to lose. Europe is going nowhere on this.
Economy is imploding because people don't want to pick between switching to green energy and not murdering brown people.
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.
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.
Hello world! Canada has LNG we are looking to bring to market. Wink wink nudge nudge
We buy the much more expensive US fracking gas. That spike is a minor blip to Europe.
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.
It's not just about where european countries buy, there's a global market, it's about who bought gas from Qatar and where they will buy their gas now. AFAIK Qatar exports a lot to asian countries, if they can't get gas from Qatar anymore they're going to buy from other countries, for example from the USA. That's going to raise the price for US fracking gas and will affect Europe.
Go green or go broke!
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. There you go, de-pandered.
Oh dear. Please drive a bit slower or take a train...
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