iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

Are Natural Gas Wars or Real Wars Breaking Out in Europe?

I am fairly certain, based upon these comments out of Russia that they do not intend to invade crazily like we feared a short while ago.

If they did, it would suggest a scorched earth stratagem of total war against the west and I doubt they’d want that.

And then there’s this.

RUSSIAN FOREIGN MINISTRY SPOKESWOMAN SAYS UNITED STATES IS TRYING TO GRAB EUROPEAN GAS MARKET SHARE FROM RUSSIA – TASS

Since the conflagration with Russia, US shipment of LNG to Europe have soared.

The US supplied 24% (4.2 Bcm) of the EU’s overall LNG imports (17 Bcm in Q1 2021); Russia placed second at 21% (3.7 Bcm); and Qatar was third at 18% (3.1 Bcm)


US LNG SHIPMENTS TO EUROPE

It appears the US, for the first time in 60 years, is the largest exporter of natural gas to Europe and Russia isn’t too happy about this, since this is their bread and butter. The main play for LNG is LNG, but there are many others.

Here’s my LNG watchlist inside Stocklabs.

Bottom line: The economy is the main hangover for stocks now, probably not World War 3. We have bad inflation, a hawkish Fed, and the 30 year mortgage rates above 4% while prices are at record highs. The tightrope we are attempting tp navigate is treacherous and will likely lead to a housing collapse, at some point in the future.

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3 comments

  1. s.k.

    Nice job Biden! Glad we finally have a POTUS with a backbone.

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  2. profits101

    for trading purposes, I would add $BOIL and $KOLD to your list.

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