Because those same fossil fuel barons are raising prices in the US as well. Whatever the global price is, US customers need to pay that or they’ll just sell it somewhere else.
Noise is going to be made for a few more days until the midterms so he can be seen to be “working on it”, and then the idea will be permanently shelved after the election is over.
Supply and demand my friend. The issue Russia has is that they sold their gas via pipelines to Europe. Those pipelines do not connect to many other places besides Turkey and they also have few LNG terminals. The pipelines to China are in a different network, so they can not just move the gas to China. Therefore it actually increase the global gas supply, if Europe buys Russian pipeline gas in large quantities again. More supply means lower global prices.
Because those same fossil fuel barons are raising prices in the US as well. Whatever the global price is, US customers need to pay that or they’ll just sell it somewhere else.
Noise is going to be made for a few more days until the midterms so he can be seen to be “working on it”, and then the idea will be permanently shelved after the election is over.
Supply and demand my friend. The issue Russia has is that they sold their gas via pipelines to Europe. Those pipelines do not connect to many other places besides Turkey and they also have few LNG terminals. The pipelines to China are in a different network, so they can not just move the gas to China. Therefore it actually increase the global gas supply, if Europe buys Russian pipeline gas in large quantities again. More supply means lower global prices.