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muriel_volestrangler

(106,408 posts)

12. Natural gas in the USA is dirt cheap, thanks to fracking

Reply to quadrature (Reply #10)

Sun Oct 26, 2014, 06:30 AM

Oct 2014

Here's the wholesale price for the UK at the end of August - 42p per therm (down from 72p in December). The UK imports about two thirds of its gas consumption now, so I think that will be close to the average European price. At $1=£0.62, that's $0.68 per therm, or $6.80 per MMbtu. The 72p per therm would have been $11.61. This Ukrainian price is higher than the August one, but slightly under last December's.

The most recent price quote I can find is 51.1p per therm, which would be $8.24 per MMbtu, or $297 per 1000 m3.

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Highlight:

Ukraine and Russia reach gas 'consensus' [View all] muriel_volestrangler Oct 2014 OP

Nuland's little game means EU takes it in the ass cosmicone Oct 2014 #1

Looks like to me Ukraine gets heat for the winter. joshcryer Oct 2014 #3

This message was self-deleted by its author Adrahil Oct 2014 #7

So Ukraine joins the list of failed states beholden to the EU and the US Monk06 Oct 2014 #2

Beholden to the EU and US, how? joshcryer Oct 2014 #4

The EU will have to guarantee payments to Russia for Ukrainian gas imports and the US Monk06 Oct 2014 #5

And this is Ukraine being beholden to the US, how? joshcryer Oct 2014 #6

I'm not going to get out the crayons and spell it out for you. If you don't agree fine but stop Monk06 Oct 2014 #8

The EU agreement neutered the corrupt oligarchs. joshcryer Oct 2014 #9

The Ukraine, whoever is running things, have a history of stealing gas from Russia and selling it Monk06 Oct 2014 #11

these prices are insane quadrature Oct 2014 #10

Natural gas in the USA is dirt cheap, thanks to fracking muriel_volestrangler Oct 2014 #12

Ukraine, Russia, EU agree to natural gas supply deal muriel_volestrangler Oct 2014 #13