Close Menu
    Oil, gas and mining

    RUSSIA – European Union Announces Natural gas Price Cap alongside Price Cap on Russian Oil



    Please Support The Channel:
    YouTube Super Thanks (click below)
    YouTube Membership (click below)
    https://www.buymeacoffee.com/JoeBlogs
    https://www.patreon.com/joeblogsYT
    Amazon Shopping USA – https://amzn.to/3qwnwHB
    Amazon Shopping UK – https://amzn.to/3LbHjFL
    Amazon Shopping Canada – https://amzn.to/3BIyXlS
    Amazon Shopping Australia – https://amzn.to/3eHQZvy
    Click thro the link, buy your items as normal and Amazon will pay me a small commission

    The European Union has announced a NATURAL GAS PRICE CAP alongside the OIL PRICE CAP & the EU BAN on Russian Oil that both came into effect on 5th December. In this video I provide full details of the GAS PRICE CAP. compare it to the Oil Price Cap and discuss the potential problems that this Cap could cause.

    For specific details please check out the CHAPTER list below.

    Thanks for watching and please LIKE and SUBSCRIBE.

    If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated.

    https://www.buymeacoffee.com/JoeBlogs

    Chapters:
    0:00 Intro
    2:07 OIL PRICE CAP
    6:23 NATURAL GAS PRICES
    8:32 EUROPEAN INFRASTRUCTURE
    9:56 NATURAL GAS PRICE CAP
    15:07 LNG SUPPLIES
    16:19 SUMMARY & CONCLUSION

    #UKRAINE
    #RUSSIA
    #GLOBALFINANCIALCRISIS
    #RUBLE
    #SWIFT
    #RECESSION
    #CHINA
    #USA
    #NATO
    #WW3
    #WORLDWAR3

    View 45 Comments

    45 Comments

    4. Day on

      If Europe stands strong and doesn't cave in to Putin like Hungary & France want them to do, this will be the last winter that Russia can play games with Europe over oil & energy!

    8. WILLIAM ALEXANDER on

      Europe will never learn. Capping a commodity that you don’t possess will backfire like all the other sanctions. It’s causes inflation and shortages for them. Russia already has its own markets and their deals have already been made.

    9. Dethfeast on

      Well, if Europe wants to put itself behind all the countries willing to pay more for LNG in the queue and are willing to buy less LNG, I suppose it will work out for them. Sellers will sell to people who will pay the most, and buyers will buy from those who sell for the least, that's the way the market has always worked. Anyone willing to pay a little more than the cap will get first dibs on all the LNG they want while Europe settles for the leftovers.

      One correction to Joe's presentation. As far as I know, Countries like the USA and Qatar won't be making any decisions. Private corporations that do business in the USA and Qatar will make the decisions. It won't be a national decision, it will be corporate decisions. I certainly don't think the Republican House will do anything to restrain private companies from charging whatever they like.

    13. Keith Frazier on

      Sounds to me Europe needs to drill/frack their own shale or might go without. Higher bidders elsewhere and it will go to highest bidder. With massive bailouts they already received from the FED America since 2008 they are gonna get a bunch of pushback and freeze.
      In a market you don't get to decide what you pay, the market does.

    20. Geoff Jones on

      Oil price cap is stupid and isn’t working and the proposed LNG price gap is equally stupid and will not work. Who are the idiots behind this stupidity 😂

    21. SuperAnatolli on

      Sync well with the ruzzians blowing up yet another of their own gas pipelines today. This time on dry land, well inside ruzzia. I guess it was a protest against this price cap. "Look, phwxers, we don't need the gas sale, we blown up our own stuff and don't we care!".

    26. The.Maister on

      lolol good luck to the EU getting Gas and oil from Russia. Russia has plenty of places to sell oil and gas and no way in hell China is signing the cap price for oil and will buy all the oil of Russia XD

    28. E RF on

      The cap seems like a bad idea. But isn’t there a problem for suppliers if they gotta shut down a gas well if they can’t sell? The EU does not have a monopoly on demand but it is a significant consumer. I don’t see them being able to enforce the cap. But maybe able to haggle down some costs by agreeing to some long term buying in large volume???

    29. Michael Mcgarrity on

      I have 24, 16 Ounce Steel Propane Canisters I'll sell you for $20 each.
      Postage not included.
      Problem Solved.
      It's about 50 Times higher than Price Cap but it's really real.
      Fictional LNG doesn't work so good. Got Gas?

    31. Aufeis _______ on

      IMO Europe should have to pay the price for becoming overly dependent on Russian gas and gas in general. The American military has been warning them for a long time that this very situation this Russia would eventually happen and their dependence would cripple them.

    35. D R on

      only 1:28 in and who else is thinking its not "the whole world" overcharging Europe, it's the US – our so called "ally" – that is milking Europe for as much as they can get away with.

    37. IPJ Bradley on

      This is nothing more than the EU making it difficult to move oil and gas but Russia will manage without the european market while Europe will be held to ransome by other producers, it's a lose lose situation for the EU and very bad news for the consumer. It's why I voted to leave the EU the commission thinks it runs the world when in actual fact it couldn't run a bath.

    41. Storm Trooper on

      Like it or not.. russia still have many "friends" in asia..
      Russia n friends are not afraid of NATO n America sanctions.. first or second..👈🤣🤣
      So the "one side" war in ukraine will last for more then 2 years.. depend on if china invade Taiwan or not..👈🤪🤪

    43. Roy Ormonde on

      Well this cap may be hard to be implement but I think it is necessary. There's no reason why all low to medium income families and households to suffer the brunt of the inflation leaving big oil and gas along with their shareholders to see record profits from it. We're doomed if we can help those who need it.

    44. Wildfire悪魔 on

      It will work. The USA is an ally, and the rest will have no choice. An economic disaster in the west will drag the rest of the world along with it. This will work out.

    Leave A Reply
    Share via