Quote:
Originally Posted by Onkel Neal
Down to $100, but with Russia cutting off Bulgaria and Poland from nat gas, wonder how this will affect the hydrocarbons market.
If Russia cuts off Europe, it's gonna go crazy.
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Russia dares not cut off his biggest buyers of gas, it will cut off smaller countries to try to divide Europe.
For Poland, it is no big deal they get gas from Norway by October, a pipeline is expected to be ready whereby Poland gets gas through Norway. Poland is also putting more effort into liquefied gas.
Bulgaria relies on Russian gas for 90 percent of its gas needs, but gas makes up a limited portion of Bulgarians' energy consumption. Coal, oil and nuclear power provide a much larger share.