Can the US satisfy European energy needs?

[hemanthaa@mail.com + 64]

The API, American Petroleum Institute, showed a significant US crude inventory draw during the last week and analysts believe the EIA, US Energy Information Administration, will confirm it with its own report on Wednesday. 

That means the demand in the US is on track despite the high energy costs and if the local demand grows, the supply must be able to meet it. The EIA, however, were not that optimistic about it, according to their forecast over the production last week.

In this context, how the US is going to address the needs of the Europeans, when Russian taps go dry, is anybody's guess!

More on this is here:

[nsdp + 449]

Well EXXON shipped the first tanker load from Suriname. As long as China is in lock down  or has a financial collapse in real estate  Russia won't matter..  China's GDP will drop like a rock.   For those of you who didn't exist or don't remember 1973-4, that took 12 million b/d off the market.  We made it through that or do you Hermann and your talking heads not remember. Can China Step Off Its Property Treadmill? Not Likely  https://www.bloomberg.com/opinion/articles/2021-08-19/china-s-real-estate-bubble-is-so-dangerous-beijing-can-only-watch-it-grow China staying positive GDP assumes no real estate crash.

[Boat + 1,324]

On 5/4/2022 at 4:14 AM, hemanthaa@mail.com said:

The API, American Petroleum Institute, showed a significant US crude inventory draw during the last week and analysts believe the EIA, US Energy Information Administration, will confirm it with its own report on Wednesday. 

That means the demand in the US is on track despite the high energy costs and if the local demand grows, the supply must be able to meet it. The EIA, however, were not that optimistic about it, according to their forecast over the production last week.

In this context, how the US is going to address the needs of the Europeans, when Russian taps go dry, is anybody's guess!

More on this is here:

You do know the US is net oil independant. These US stocks you guys track just mean a tanker came in or was sold. It has nothing to do with US consumption. The US did release 1 mbpd for several months that goes to the world market. Several other countries did the same thing. But it’s not enough to replace Russian oil. You might also enjoy tracking the lack of wheat and corn. Blame Biden for not feeding the world. Do you know how many countries that import 100% of their grain from Russia and the Ukraine. Time for you to whip up a new narrative while the starve count becomes obvious.

[Rob Plant + 2,756]

topic 

Can the US satisfy European energy needs?

answer - NO!