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European gas prices jump by as much as 45% as Qatar stops LNG production (www.euronews.com)
submitted 6 months ago by to c/news@hexbear.net
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[–] 47 points 6 months ago (4 children)

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.

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  • [–] [S] 24 points 6 months ago (1 child)

    Honestly, I'm not sure that US exporters have the capacity to fill the gap.

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  • [–] 24 points 6 months ago (1 child)

    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?

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  • [–] 24 points 6 months ago (2 children)

    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?

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  • [–] 22 points 6 months ago

    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.

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  • [–] 20 points 6 months ago (1 child)

    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.

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