Count on it

 

Why your electricity bill is so high — and why your heating bill might be next

"The rising utility bills are being driven by the surge in the price of natural gas, which generates about 40% of the United States' electricity."

"The U.S. Energy Information Administration expects this surge to last through the winter, given that Russia's invasion of Ukraine has reduced overall supplies while global consumption remains high."

(Ive been saying all along that was a big part of the reason for the invasion, not to make sure Ukraine didn't join NATO, denazification whatever. Putin is out to break the backs of "the collective west" by driving up food and energy prices at our weakest moment. Who else been telling you that? Where are they at? How much have they read/been paying attention to? What have they written about it? etc...)

"Russia is weaponizing its natural gas supplies

There's much less natural gas in the world these days because of Russia.

(Kinda the game plan yo)

For years, Russia supplied Europe with cheap natural gas to power its factories and heat its homes. But after the West imposed sanctions for the war in Ukraine, Russia slashed its supplies, effectively weaponizing its natural gas.

While the global supply has dropped, demand has remained high.

In the U.S., half of homes use natural gas for heating or cooling."

(We weaponize our currency, they weaponize their energy resources. Somebody wanna come tell me the difference?)

"What will this mean for prices in the U.S.?

Prices are expected to keep climbing.

Even though the country's inventory of liquid natural gas is low, this hasn't stopped the U.S. from exporting large amounts to Europe to help fill the void left by Russia.

U.S. natural gas producers have an incentive to export since they stand to profit from the spike in global prices.

"If the price they can get in Europe is a lot more than what they can sell their natural gas for in the U.S., then some of that is going to be exported to Europe, and that is going to raise the price of things in the United States," says Ellen Wald, an oil and gas expert with the Atlantic Council.

"Not to the levels that we're seeing in Europe, but we could continue to see more expensive energy costs in the U.S. because of this," she adds.

There's also a geopolitical argument for stepping up supplies to Europe. The European Union is a huge trading partner, and major economic disruptions there could send aftershocks to the United States.'

(How many more crises do you have to see no real solution to before you understand what age we are entering into?)

"The 40% of U.S. homes that use natural gas could see their winter heating costs increase by a third, according to NEADA, which could keep inflation up."

(News flash:

often times economic warfare precedes open armed hostilities)

"How long could this last?

A lot depends on whether Russia will turn its gas taps back on for Europe ahead of winter. Kremlin spokesman Dmitry Peskov said this month that Russia will resume gas flows only if the West lifts sanctions.

(Not gonna happen)

The other big factor is how quickly Europe can find alternative natural gas sources.

(There's not enough time)

Right now, Europe gets most of its gas through pipelines, but it's racing to set up additional infrastructure to receive liquefied natural gas, which can be transported by sea from countries such as Qatar.

(See note above)