Wednesday, 8 May 2013

Europe, we're going to eat your lunch.

From Powerline: "If you want to understand how the United States is suddenly eating everyone’s lunch when it comes to energy, see the chart below, from the Financial Times.  "

In Canada, we've got lots of gas too and it's not upsetting my digestion.  When the wheels of our industry can turn for a third the price of the overseas competition, what's not to like?  

Russia is getting indigestion too.  "A seismic shift in energy geopolitics .. is under way as Gazprom’s dominance fades. The company has long had a near-stranglehold on gas supplies to Western and Eastern Europe"

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