Commodity Trade Mantra

Posts Tagged ‘Energy Exports’

US Natural Gas Will Never Replace Russian Gas For Europe

Even with the shale plays, in April 2014 the US remains a net gas importer. In 2013, the most recent full year of data, the US had to import 1.3 trillion cubic feet to satisfy domestic Natural Gas consumption. The numbers don’t add up, and they never will, also due to simple economics.

Russia, China, India Bypass the Petro-dollar - Currency Wars Continue

If Russia, China & India decide to start trading oil in their own currencies, the petro-dollar becomes just one of several major currencies. For them this looks like a win/win as their own currencies gain prestige, but ominous for the US- the ability to threaten the dollar’s rein as world reserve currency.

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