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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 1 day ago

European gas prices jump by as much as 45% as Qatar stops LNG production

www.euronews.com

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  • cross-posted to:
  • world@quokk.au
  • worldnews@lemmy.ml
  • worldnews@lemmygrad.ml
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European gas prices jump by as much as 45% as Qatar stops LNG production

www.euronews.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 1 day ago
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  • cross-posted to:
  • world@quokk.au
  • worldnews@lemmy.ml
  • worldnews@lemmygrad.ml
European gas prices surge by up to 45% as Qatar stops LNG production
www.euronews.com
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European natural gas prices surged on Monday as the escalating conflict in the Middle East caused Qatar to stop LNG production at the world’s top plant.
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  • Thordros [he/him, comrade/them]@hexbear.net
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    1 day ago

    Good thing Europe has a good, reliable, not-blowed-up natural gas pipeline from—

    —hold up, we’re receiving some new information.

    o no cri

    • miz [any, any]@hexbear.net
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      Pipe B is still operable, only blocked by ideology

  • Sam [none/use name]@hexbear.net
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    1 day ago

    The price of heating oil literally doubled overnight here. Petrol prices have already started to be marked up too. I expect another surge in Electricity costs like after Nordstream, where the price quadrupled briefly.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      I expect it’s going to get a lot worse in the coming weeks. It looks like a lot of energy producing infrastructure is being hit right now across the Middle East. Once the supply collapses, there’s really nowhere to fill the gap from. And even if Europe went to Russia to beg, it’s not a given that Russia would agree at this point.

  • Infamousblt [any]@hexbear.netM
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    Watching Europe absolutely destroy itself in service of their American overlords is incredibly satisfying

    • save_vs_death [they/them]@hexbear.net
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      we can only hope that the great satan will soon follow

  • queermunist she/her@lemmy.ml
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    There has to be a limit to what Europeans will take, right? This is great news for US exporters who are selling LNG at a premium in Europe, yet Europeans just keep fucking taking it.

    • save_vs_death [they/them]@hexbear.net
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      yeah, they’ll vote fascists into power, as the ruling class is using the last of its power to stop any kind of leftist movement from taking off

    • cfgaussian@lemmygrad.ml
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      There has to be a limit to what Europeans will take, right?

      You would be surprised. If their behavior toward Ukraine is any indication, you shouldn’t expect anything other than to see a doubling down on pro-US, pro-Israel policies, no matter how much it harms Europeans.

      • eldavi@lemmy.ml
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        19 hours ago

        i blame the capitalist brainworms; trump has them too

    • Lussy [he/him, des/pair]@hexbear.net
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      There has to be a limit to what Europeans will take, right? This is great news for US exporters who are selling LNG at a premium in Europe,

      I legitimately hate this line, like why are we pretending as if Europe doesn’t benefit from US imperialism?

      • MarxMadness [comrade/them]@hexbear.net
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        Europe as a whole benefits from U.S. imperialism, but look at it from the perspective of working Europeans on the ground. Their leaders are telling them they aren’t doing imperialism, so the runoff benefits they get are not sold to them as part of the deal. Then those runoff benefits keep getting eaten up by price hikes like this, which are directly tied to the war.

      • queermunist she/her@lemmy.ml
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        They certainly don’t benefit from expensive energy inputs.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      Honestly, I’m not sure that US exporters have the capacity to fill the gap.

      • queermunist she/her@lemmy.ml
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        That’s what the price mechanism is for; if there’s a shortage, just keep jacking up the price. 45% might be the beginning.

        Sure it’ll collapse the economy, but for a short while it will generate incredible profits so who cares?

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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          Oh yeah, prices will obviously keep going up since there’s shrinking supply coupled with constant demand.

  • chgxvjh [he/him, comrade/them]@hexbear.net
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    1 day ago

    eu-cool

    • segfault11 [she/her, any]@hexbear.net
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      1 day ago

      soon burning their flags will be the only way for yuros to stay warm

  • PolandIsAStateOfMind@lemmygrad.ml
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    At this points it’s not even electric bogaloo, it’s just St Vitus dance.

  • nasezero [comrade/them]@hexbear.net
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    so-far

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      Yeah, it’s gonna be way more in a week or so given that there’s now dwindling supply coupled with constant demand.

  • Evilsandwichman [none/use name]@hexbear.net
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    Kind of wishing this had happened back in Christmas so some of those fascists can turn into popsicles and maybe knock it off and criticize Israel for starting this

    • Thordros [he/him, comrade/them]@hexbear.net
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      maybe… criticize Israel

      free-palestine I can’t believe you could say something so antisemitic.

  • SexUnderSocialism [she/her]@hexbear.net
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    1 day ago

    this-is-fine

  • jackmaoist [none/use name]@hexbear.net
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    1 day ago

    Europe can go back to using steam trains and horses for transportation.

  • 30_to_50_Feral_PAWGs [she/her]@hexbear.net
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    Welp, time to invest in “warm banks” stonks-down

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