Energy Prospectus

https://seekingalpha.com/news/3782380-a ... News+Smart

These dopes said they didn't want US fracked gas 3 months ago which was widely reported

Freeze idiots

The Yamal gas pipeline from Russia, with capacity to meet ~6% of annual Euro gas demand, reversed flows and began sending gas back towards Russia from Germany today, in a move the Kremlin said was not political.

More

More stupidity

Germany is on the eve of permanently shutting three nuclear plants (half the Country's fleet) by year end 2021, with the remaining nuclear plants to come offline in 2022.

Cult like behavior

The U.S. is not going to ban exports of LNG for two reasons.
1. It would crush the European economy and probably cause a lot of Eastern Europeans to freeze to death.
2. Our trade deficit is growing.

WASHINGTON (Reuters) -The U.S. current account deficit surged to a 15-year high in the third quarter amid a record increase in imports as businesses rushed to replenish depleted inventories to meet strong demand.

The Commerce Department said on Tuesday that the current account deficit, which measures the flow of goods, services and investments into and out of the country, accelerated 8.3% to $214.8 billion last quarter. That was the largest shortfall since the third quarter of 2006.

Data for the second quarter was revised to show a $198.3 billion deficit, instead of $190.3 billion as previously reported. Economists polled by Reuters had forecast a $205.0 billion deficit last quarter.

The current account gap represented 3.7% of gross domestic product. That was the largest share since the fourth quarter of 2008 and was up from 3.5% in the April-June quarter.

Still, the deficit remains below a peak of 6.3% of GDP in the fourth quarter of 2005 as the United States is now a net exporter of crude oil and fuel.