Why are natural gas prices so high? | CNBC Explains

Millions of households in Europe could be facing high gas bills this winter as the price of natural gas skyrockets across the continent.
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[@abeelvago]

Also: let's shut down nuclear power plants, that way we'll become even more dependent on gas... OH! Wait!

[@benf3996]

funny they didnt even mention nuclear. with so many nuclear plants shutting down in the EU, that could also be a contributing factor to the rising demand in fossil fuels.

[@brucewayne4036]

They remove power plants and the don't know how electric cars work lol 😂

[@dragon.fromindia3235]

CRUDE OIL GO DOWN SIDE

[@Doso777]

We can easily replace those with coal plants... oh no we also shut those down?

[@jebbo-c1l]

nuclear doesnt heat your home

[@sonyabusby6473]

Stop the leases, stop the pipe lines, stop burning anything that keeps you warm. What, prices going up?

[@paulwright740]

So who has asked for increased Russian gas supplies and been refused?

[@peterkogl1329]

You are conveniently ignoring American intervention!!!

[@keithblain8763]

Pls elaborate.

[@obitouchiha3017]

You mean our government... We're dealing with the same shit here in California... Have been for years now.

[@dknowles60]

nice lie and bull crap. you did it to your self's. how many coal power plants did you close down? how many nuclear power plants did you close down why were you dumb enough to hope that green energy would work. how many years have you been buying nat gas from russia. did you not learn any yhing from your 1973 OPEC spanking

[@dknowles60]

@@obitouchiha3017 CA did it to then self's

[@obitouchiha3017]

@@dknowles60 I have trouble understanding why anyone would think that Californians would be stupid enough to cast our vote in favor of the guy who doesn't need them. People have got to understand that there is no such thing as fair elections when you have MSM, Hollywood, Silicone Valley and the CCP funding the Democratic partys Political campaigns for your State.

[@MrEddie284]

Why don't you mention that Russia is fulfilling all its contracts?

[@julienckjm7430]

They don't want to mention that, cause they have to point to the bad guys for all their problems

[@Zov631]

@@julienckjm7430 Vilifying Russia has always been their agenda. It’s as simple as that

[@jaketaylor3901]

@Se Fu part of the reason the natural gas price is rising is because of coal supply chain issues in China. Imports from Indonesia and monolia have been down, so the Chinese have been driving up the price of natural gas by importing more than usual. I'm surprised that's not mentioned in this video. While not malicious by the Chinese government, they are contributing to Europe having to pay more for natural gas.

[@zion3335]

why germany blocking Nordstream 2 on silly grounds

[@gold5763]

Why Russia is bad again, why ???

[@pradeepmagan6951]

The mistake was relying on wind etc rather than coal/gas & nuclear power stations - these can't be switched off until you can 200% green as a backup

[@chchwoman9960]

I agree. And where do those great hulking wind turbines go at the end of their useful life?

[@timothypopik2288]

@@chchwoman9960 landfill

[@daviniarobbins9298]

Have you seen the wholesale graphs at Ofgem's website? They are very telling. I think this whole crisis is made up. A wholesale kwh of gas is only about 0.068p. There is some profiteering somewhere in the chain.

[@aubreyholman1951]

It wasn't a mistake. It was deliberate.

[@QuitYourCryin]

Nuclear energy is amazingly CLEAN and EFFICIENT!! Also very safe when done correctly!!

[@playlist55]

LOL, when done correctly. Can you say Russia? Japan?

[@pattybaselines]

@@playlist55 Has never happened in US. No one died in Japan. Chernobyl killed ~500-600 people if you include long-term radiation.

[@playlist55]

@@pattybaselines Oh, Correctly is only related to deaths.... And you are so far off on Chernobyl, your comments don't bear any thought.

[@markusweber1703]

Nuclear energy is clean? Why then its called Nuclear "waste"? Would you like to store some barrels near your home? We have plenty of them here in germany and have no clue where to storage the next 500,000 years.... To all Nuclear fan boys: Inform yourself properly. Also fact: Safe German reaktors won't help us, a lot of old and unsecure reactors in belgium and France are located right at the border to germany. The french people in Lothringen also claim that nuclear energy is clean. Until now, until the gov. decide to open a nuclear waste disposal zone there. Oh wonder, oh wonder

[@inigobantok1579]

@@playlist55 compare that to hundreds of thousands of people that died because of coal and gas

[@miltostzovaras9787]

Take gas out of the stock market and prices will drop.

[@ugo49396]

But it isn’t on the stock market

[@miltostzovaras9787]

@@ugo49396 but you can gamble, buy futures etc

[@kenthhamner2641]

@@ugo49396 it's basic component of is! That drives the base price for refiners.

[@UHaulShorts]

2 words *green deal*

[@jaybee4577]

No it not, Natural gas CO2 emission is actually the lowest out of all fossil fuels.

[@UHaulShorts]

@@jaybee4577 Thurrs always nuclear

[@Roderickdl]

@@jaybee4577 It still produces huge amounts of CO² emissions. Lower than coal, but not zero.

[@war8036]

Facts speak contrary to your russia decreasing gas supplies, it’s been up 10% year over year for the last 2 years…

[@cracka5431]

Russia fulfilled all contracts and is villafied. Gotta love neutral journalism.

[@LovingWhispers1995]

seriously it's been way too cold in europe, what nonsense, there hasn't been an elfstedentocht in years because it's simply too hot😡

[@georgesimon2730]

If you listen carefully, you can hear Putin laughing his ass off

[@jesse6325]

There’s enough coal in America to last for 200 years

[@akk2018]

Keep burning coal and Earth will not last beyond a 100 years.

[@dazednconfusedrn]

Yeah but if we keep burning said coal earth won’t last 20 years

[@rohzpopper4922]

America never stop polluting earth..Their big cars and trucks are the main culprit !

[@dknowles60]

@@akk2018 nice lie and bull crap

[@okakokakiev787]

Wow so they again blamed Russia for reunification with Crimea and connected this with Europe s energy problem. Amazing analysis like always. Expected no less

[@عبداللهالعتيبي-خ2ق9ت]

I am from Saudi Arabia, praise be to God, a barrel close to $100, and gas and oil are cheaper than drinking water, where a liter of water equals 5 riyals and a liter of gasoline equals 1.67 and a half riyals 😘❤️🙏

[@demonbasher23]

Sounds nice. I dunno if I could handle having sweaty balls 24/7 because of the heat though .

[@nathanielburbery4890]

What happened to Norwegian gas?

[@pavelkrasovskis]

Every person is able to produce a little gas every day on their own. 🤔

[@dantiwolf]

Exactly! Lol

[@crestfallenwarrior8435]

Couldn't be Biden is to blame could it? No way! I thought he was the answer to our problems?

[@moreplease998]

It's nothing to do with Biden. This is due to market forces. You think you have it bad? Gas prices are over twice as high in the UK

[@crestfallenwarrior8435]

@@moreplease998 Well we were producing our own gas till Biden shut it all down. Obviously it must not be the only factor though if the prices are up in other parts of the world. Maybe we would have been able to help out though had we still been producing and exporting our own oil. Instead we are all stuck relying on the same foreign oil.

[@moreplease998]

@@crestfallenwarrior8435 Did Biden shut it down? I thought in the US it was the oil companies themselves who cut production down in repsonse to the plummet in demand that occurred with the pandemic. Now that's coming to an end demand has cranked back up but the supply hasn't caught up to the change. Elsewhere in the world there's some political issues such as Russia cutting supply to Western countries due to the Ukraine situation

[@truthseeker5971]

Is it possible they did not know that storage is not useable anymore and did not replaced it with new one?Hmmm...

[@lordlucan66]

Can anyone please explain why my standing charge has double. I realized I may be ignorant of how the system works but I understand the unit rate, the gas that I use would go up, but the standing charge why? Surly the upkeep of the supply apparatus has not doubled.

[@MarcoLeeJones]

stupid carbon tax.

[@chiaweitay3753]

greta and aoc must be very happy now.

[@sebastianflora299]

This video is so biased it's hard to watch.

[@okakokakiev787]

What's wrong with it?

[@218klove]

These companies are making tons of money. Just ridiculous

[@anganan7349]

I wish u put subtitles because I'm an English learner

[@maudepotvin8660]

Get solar panel, they are cheap now ...

[@akshat20021996]

We all are screwed...I think the world will end by 2040

[@themanwhocouldnotsleep6065]

Probably, most likely, and honestly I hope sooner than that.

[@worldsfinestnegativemind9108]

World will never end, maybe you will.

[@macmcleod1188]

Probably nothing severe til 2050. but then- a lot of migration and regional wars that *could* disrupt supply chains. The world is really fragile now. Any real war would destroy global supply chains. and a global war is an extinction level event now.

[@rohzpopper4922]

As far as I know, America screwed you. Blame everything to Russia when it's not her fault.

[@macmcleod1188]

@@rohzpopper4922 oh not the Russian people. But Putin and the oligarchs, they had a hand. Everyone in fossil-fuel business has been suppressing alternative energy and spreading propaganda.

[@javelinblue5414]

Geo thermal energy.

[@darylyost7273]

What happen to all your renewable energy sources!

[@itouchfiendsdotcom]

very informative, ty

[@how2withbasics567]

It´s always easy to blame Russia as that is what the west is good at doing, it was the EU that created the crises. Please fact check

[@DM-zs8go]

It’s the Democrats fault.

[@DangerDave-e7u]

Keep it in the ground.

[@tira2145]

And freeze to death.

[@gold5763]

@@tira2145 In Europe and the USA they live too well, they will not understand until they themselves stumble. Although soon they will understand this winter will be cold.

[@aeksinsang932]

It’s problem reaction solution. Create a problem get a reaction offer the solution and profit

[@Amazonkiller65]

Let's go Brandon! 🤬

[@halleyoey9535]

lets blame the sun and the wind

[@kibawhitefang7176]

To hell with the New Green Deal

[@elizabethhale3116]

GREED!! Pay day

[@Rnankn]

How about just reducing demand for energy? Earning more, buying more, selling more, and producing more are not virtues or achievements, they are costs and claims on finite and scarce resources. Every single analysis of structural economic questions in the media problematizes supply but never examines demand. There is enough energy for everyone, but some individuals over-consume, thereby pricing out others, causing more irreversible atmospheric warming, and reducing fuels stock thereby denying future generations access to equivalent energy for their civilizational goals.

[@seongkoolee2074]

We live in a society where the governments promote people go out and spend more money. Spend spend spend. They made money cheap. Consumption is good. Saving is bad cause we live in inflationary society. My money worth less tomorrow so better spend now.

[@carlosantillon365]

Your analysis is right on the money

[@pattybaselines]

If all developed countries used less energy, that would do nothing for the billion people without electricity. You can do whatever you want but let others improve their lives.

[@ernestbarcella175]

Absolutely correct ,, now tell the Americans to give up their V8 cars and trucks and the concept of commuting 50 or 60 miles a day to work just to keep the spacing needed for their social requirements ....

[@ZRaden]

@@ernestbarcella175 Tell auto manufacturers to provide cheap, small, affordable EV to commute in. Oh wait .... then you cant charge $40K for a new car. People in North America want to make change. Problem is, a lot of people have been priced out of the market, for even a basic, new, economic small car. Leaves them with the only choice to buy older, used, clunky V8's or keep their older, clunky V8's on the road and repair it, instead of replace it.

[@hussainsariya5568]

Europe has the potential to get carbon neutral and all the world look forward to them how they will do it, so it should temporarily deal with short term problems to get long term benefits, either by diplomacy or policy , none matters

[@markopodganjek845]

Lol, why exactly should Europe be this candle of lightness? Which will destroy the living standard of people to prove that plants need Co2. More co2, more green world.

[@ZRaden]

@@markopodganjek845 Not to mention freeze to death in the process.

[@rohzpopper4922]

They got strong wind ,waves and sun can be converted into energy. It's free !

[@alhanes5803]

Gonna need a long extension cord, to fly that electric plane across the pond.

[@chriswainwright5650]

Regulation

[@sebastianmuller1210]

This one is really bad. It's a lot of hear say and someone said something, but no actual investigation of the reasons. Like the last part, some say renewables contributed and some other experts say they don't. Just think about it for a moment. How could not having the renewables around reduce the need to import gas and therefore help to reduce the prices on the gasmarket? No shit, it couldn't. You would need to import even more gas (coal, oil) and therefore by greater demand the prices would be even higher. Don't need an expert for that idea. Second it is clear to everyone that wind and solar fluctuate. So you need more of them, you have to overprovide. Are we there yet? No! So you should build more to overprovide in perfect conditions, so there is enough for slow days. Then you don't need to export money for fossil fuels. And nowhere was mentioned that russia a keeping up there end of the deal. Why should russia send more gas to the eu/uk when the reason can be found in the energy market price making, rather then the delivered quantities of gas. Even Angela Merkel said, Putin is keeping up his end of the contract. So that first part was bullshit too.

[@nakosimpson7459]

Ar

[@user-in4ex3tr4d]

Misleading news ..

[@wolfhawg]

Because they can be.

[@gogrape9716]

Not What. Its Who. putin is the architect.

[@leogani4044]

You can pressure Arab nation over oil easily but not Russia

[@theegocalledjeremy2226]

What's the old saying? Politics as usual?

[@Dr.India1975]

👍🏽My Best Answer: Best way to stop and reverse climate change. Stop burning fossil fuels ASAP. Alternatively, Best way is to start mirror reflected and concentrated solar thermal power stations over large coastlines of India to produce electricity from steam. Then convert electricity into green hydrogen (when Sun is bright) that can be stored and transported across India. This is how, we can produce 24x7 solar energy. Also, solar energy can be stored as molten salt or sand and use it to produce steam when Sun is not bright or at night to produce steam and electricity. Unlimited and free sea water and sun can produce unlimited and cheapest fuel and electricity as India has biggest coastline. This is the best answer to climate change and also India can save 8 to 12 lac crores spent on import bill of oil and coal.

[@rohzpopper4922]

European weather do turns gloomy. Some countries have turn days into night or longer darkness. They are NOT India whene the villages turns cow manure into gas

[@maTzeprei]

We have fixed prices by contract in germany (1-5 year contracts). On the long run energy supplyers will price this pricehike into our future contracts.

[@Randy-lf2dp]

Exactly when Joe Biden got elected he said he's going to shut down most of the pipeline stop the fracking supply and America was energy independent go figure Joe now the Middle East and Russia will be the biggest producers thanks Joel for the high cost and no jobs China First America last

[@HelloWorld-kq3jt]

Was not this high under Trump🤔🤔🤔

[@jokatoinem]

URANIUM!!

[@amigatommy7]

hydrogen would be the long term answer.

[@abrarmullan1]

Rich & Famous.

[@chrisholdren2495]

Just use a wood stove for heat.

[@palmshoot]

Ain't there a wood shortage?

[@rohzpopper4922]

There goes the Forrest......

[@spud2727]

@@rohzpopper4922 Forrest gump?

[@musictosoothe]

Many cities won't allow those - - pollution and worse than natural gas by far

[@user-cx2bk6pm2f]

A better title: "Europe Shoots Self in Foot, Looks for Scapegoat"

[@gold5763]

It has always been this way

[@haeveen8255]

Europe : Let’s shutdown Natural Gas Exploration and Nuclear PP then blame Russia.

[@javelinblue5414]

Yeppers.

[@arthursaar305]

why did you forget about American gas? they promised to deliver it to Europe, but they sent it to China.

[@dknowles60]

nie lie and bull crap

[@IO-hh3of]

France blocked the importation of liquid natural gas

[@TAYLORFAN50]

10% for "The Big Guy". 🎃

[@tkirchmann]

Nuclear is probably looking pretty good right about now. Maybe we should have listened to the experts. 🤷

[@dontbanmebrodontbanme5403]

Which experts? What did they say?

[@tkirchmann]

@@dontbanmebrodontbanme5403 Electricity generation and transmission experts. They say renewables are expensive and not reliable enough to be used for supplying base load.

[@iceman18211]

@@tkirchmann We can make a grid based off of renewables only, or nuclear only. But it's better to have a mixture. Nuclear also relies on Uranium prices which can fluctuate widely. For renewables to win nuclear doesn't have to loose. The real enemy at the end of the day is Natural Gas, Oil, fossil fuels and biomass.

[@tkirchmann]

@@iceman18211 You can't make a grid off renewables only in most geographical locations. Their output is not stable enough and the relative cost is extremely high. That's why a compromise is nuclear for base load plus a bit and renewables make up a percentage of the fluctuating load. The most stable and lowest cost solution is 100% nuclear as generating renewable power is relatively very expensive. Not sure why environmental groups have decided nuclear is evil, but most people will just follow along with whatever they say pretending it's science.

[@playlist55]

@@iceman18211 " We can make a grid based off of renewables only, or nuclear only". Not a reliable one you can't.

[@InderjitSingh12]

Germany should have kept their nuclear power

[@redwhite_040]

Jup, we all should. It's the only way to emission free and independent future.

[@tempora4172]

india should have accumulated more coal so what...

[@TheWaleedKhalid]

@@tempora4172 no

[@johnwang9914]

Well given that one of the German projects canceled due to Fukishima was a pebble thorium breeder reactor, they probably should've kept with their nuclear program as one of the goals of newer approaches to nuclear is to avoid Fukishima type disasters. It's a bit of an irony that the knee jerk reaction to Fukishima canceled all the projects intended to address the specific weaknesses of the Fukishima reactor.

[@maverickcruise]

@@tempora4172 India has a huge reserve of coal but the problem is mining it. Our laggard coal India is still in slumber.

[@aleunboxing69]

The want green deal, here we go, don't complaing now pay the price.

[@smerchly]

And the "polls" say , 80% agree we have to fix "climate change" . So we will start with high petro and natural gas prices . Everything will cost more now including your bowl of rice soup .

[@StreetcarHammock]

The Green New Deal hasn’t passed in any capacity. The government is doing almost nothing to implement this. What are you talking about?

[@kenthhamner2641]

@@smerchly 80% is bull. I doubt that many stupid people exist. Sounds like the same clowns spewing the 97% of scientists bull!

[@champanzee6486]

@@kenthhamner2641 There’s many stupid politicians in Europe.

[@stayswervin554]

Bad policy decision is why prices are rising

[@bigbillyz]

Yeah and didn't Joe say no to that big pipeline..

[@Doamino41]

He said no to the Keystone XL pipeline which is just an extension to the Keystone pipeline. It's still in operation and has been for years. Besides it has almost nothing to do with the high gas prices today. Supply and demand is the biggest reason for gas prices.

[@dknowles60]

@@Doamino41 wrong. obama closeing down badly needed coal power plants

[@Doamino41]

@@dknowles60 Really? That's your argument? That's pretty weak. Do some research on the subject and you'll see the rabbit hole goes much deeper. High gas prices is a world wide delema. The Keystone XL would make little or no difference. Remember the pipeline wasn't "closed down ", it was just never finished getting built.

[@dknowles60]

@@Doamino41 cant handle the turth. again how young are you. then coal power plants were makng money. the only reason they close is obama made then down hint you dont know history.

[@Doamino41]

@@dknowles60 LOL you sound like a 3 year old with that comment. Try again when you're grown up kid. In the meantime research what you preach. You might learn something. 😉

[@RB-xq7qh]

Russia isn’t limiting gas. They’re also supplying Turkey and parts of Asia with gas. Imagining if all your neighbours shut down their gas supplies and you’re left to supply them.

[@NazriB]

Lies again? Gas Gap

[@timothypopik2288]

Russia getting richer USA getting poorer

[@CETGale]

@@timothypopik2288 Thats Brandon's and the Green New Deal Commies whole plan............

[@timothypopik2288]

@@CETGale GND is one of the reasons why there is war in Ukraine today

[@rend9042]

@@timothypopik2288 the Russian rubel is in free fall and their oligarchs are losing billions, so no not really their economy is fucked

[@louis8935]

You burned nuclear and now you here crying for us... Are you a joke

[@fynflorentine2512]

Wind energy went from 30% down to 7% What a fuckinglaugh

[@allenpradhan2063]

Well you can’t control the wind

[@sn5301679]

Wind and solar down a lot in some place. These two is cheaper but less reliable than geothermal, hydro and nuclear

[@kenthhamner2641]

@@sn5301679 they aren't cheaper period! Try pricing out a system!

[@sn5301679]

@@kenthhamner2641 don't embarrass yourself, are you still live in the '90s? go search it, on 2019 the price for solar and wind is around 40$/MWh Nuclear is above 100$

[@kenthhamner2641]

@@sn5301679 a 7.5kwhr solar system for my house is $30,000. That won't even power my home fulltime and at 30 years to break even at current electricity rates here. And you can't put a price on solar because the output is both weather and geographically dependent. In other words, the price you pay for theoretical peak output has nothing to do with what you actually produce. Do you honestly believe a 200w solar panel kicks out 200w continually? Bloody armchair scholars with zip for energy or electrical knowlege. Meanwhile NG, coal and nuclear outputs can easily be ramped up or down and operate at rated output.

[@DavidBoentoro717]

When you feel like the most environmentally righteous but winter is coming... and you still need that good ol fossil fuels to heat your butts 🤣🤣

[@behram11]

When climate change destroys food supply and leads to starvation 🤣🤣

[@dknowles60]

@@behram11 nice lie and bull crap. how dumb are you you act like man can Change A climate when aman cant. Climate will always change. hint there was a time when a lot of north america and europe wend under 1000 ft of ice. did man end the ice age with a camp fire?

[@oscarvivo1]

yet no one has mentioned nuclear power... sad

[@victorsavov2073]

@@dknowles60 Very well put! People don't even bother to research that there is such thing called solar cycles which basically dictate the climate of Earth. And their ignorance is used like in Aikido by political crooks to peddle whatever agenda they have. So we should destroy our economy to slow down something that is happening anyway.

[@williamisDTF]

@@dknowles60 question what do you do for a living? And where did you go to college?

[@jaybee4577]

Nigeria have huge Natural gas reserves but we are not using It. Most of our gas gets flared away, but now we would use it for generating electricity and sell some to Europe and Asia.

[@adekunleojo1503]

The price of gas in nigeria is also raising. For example the price of a 6 kg gas as raisin by 30% from this same time last year.

[@doogiechen2726]

Does CCP China control Nigeria's natural resources due to debt traps? CCP China intentionally released the army of Wuhan viruses carriers to every country. All countries should ask compensation from pathological liar CCP China.

[@jaybee4577]

@@adekunleojo1503 Yh I think that a logistic problem because the NNPC says there is a lot of gas available to Nigerians but distribution problems causes high prices for consumers. The NNPC is trying to figure out the corrupt people causing distribution problems within the gas sector. I hope more people consume gas a lot and we should also use the flaring gas for generating electricity.

[@jaybee4577]

@@doogiechen2726 The CCP doesn’t control what you don’t let them to control. They don’t have control over natural resources in Nigeria. China only helps with infrastructures in Nigeria.

[@ivanduvalierveryevildictat8940]

для этого вам понадобится большая батарея, размером с океанский танкер... дешевле купить плавучую атомную электростанцию у россиян... еще дешевле тупо платить за сибирский газ...

[@winArct]

Crap. What kind of analyst he is? He is just blindly blaming Russia. For what? For "failing" to deliver more gas than was contracted!! And he accused, the reason Russia did it because they are trying to pressure EU. I thought EU believe in a free market? Why don't they ask the US for a help then? They are also a large gas producer, aren't they? This video is just a crap. Providing no analysis, only victim blaming.

[@ernestbarcella175]

Correct coming from a Britt only the stupid anti Russian narrative seems to apply ,, well now get a double blanquet and cook with a candle

[@petert3355]

The thing is Russia is not known as being that warm during winter. It keeping all gas except already contracted for domestic use is just common sense.

[@war8036]

He’s full of dookie

[@sebastianflora299]

Agree with you. BS analyst, hope he sees this.

[@JVitins89]

Results of green deal. And weather isn't that cold like it was before.

[@jebbo-c1l]

sorry how is natural gas green exactly? If anything it shows we need to move away from natural gas

[@richardmakiya7188]

Why? Remember someone, who Said: " not Nord stream 2?"

[@Soth021]

Hi Richard, what do you intend to say. Do you think the price is so high because of nord stream 2?

[@draganpenchev]

@@Soth021 What he means is that the US government imposed sanctions against " North Stream 2 " gas pipe being build between Russia and Germany . On top of that now when it is ready to operate the EU is dragging with the certification . At the same time EU is screaming for gas .

[@Soth021]

@@draganpenchev Hi Dragan, thx for the clarification. I don't think that ns2 would reduce the price a lot. In my opinion the problem is, that the EU country's waited to long to buy gas. And now everyone needs gas. Russia did nothing wrong they fulfilled their part of the contract. I am a little bit angry that I have now pay this crazy price.

[@draganpenchev]

@@Soth021 Well , I do not know from what European country You are . The main reason for the highest gas prices is that in 2018 European Commission has forced " Gazprom " to change the gas pricing from the long term contracts based on the oil price to so called short term price based on the spot gas price on the European Trade Gas Exchanges . Mainly NBP in Britain and TTF in Netherlands . Not all countries agreed to break their long term contracts with " Gazprom " . Some kept them and their prices are low to moderate , slightly higher than the beginning of the year , correlated to the increased oil price . For example Germany , Hungary , Austria , Turkey . The European countries that followed the European Commission idiotic rules and went with the new short term contracts based on the spot gas prices on the gas trade exchanges were ripped by the prices on those two gas trade exchanges . As an example I can give You the fact that the gas prices there went from $ 200 per 1000 cubic meters in the beginning of this year to $ 1937 per 1000 cubic meters of natural gas yesterday . That is almost 10 times higher in the mater of less than 10 months . For example Poland , Lithuania , Latvia , Estonia , Bulgaria , Romania , Moldova .

[@richardmakiya7188]

@@Soth021 , sorry for my lousy english but i didn't think anyone would read me. I was referring to the fact that the US were opposed to the north stream 2 but thank goodness for europe, there is the north stream 2.

[@TAYLORFAN50]

"Don't underestimate Joe's ability to f--- things up." - Barack Obama 2020

[@freeweights101]

prices was going to go up no matter what president. These business men than own oil are being greedy. They need to be blamed

[@theshield1613]

Sucks for the people who drive gas cars

[@WhyFeartheTruthNow]

Impossible to overestimate his ability at it.

[@TAYLORFAN50]

@@freeweights101 - The US was energy independent under the Trump Administration Einstein. Try again. 🙄

[@TAYLORFAN50]

@@theshield1613 - Not as much as it does for those that can't afford electric vehicles. 😏

[@CS-en7ru]

Ya lots of good info but I’m still blaming Biden 👈

[@a.gabbey5569]

Villifying Russia, whereas the EU won't honour the contracts with Russia. And imagine complaining that Russia is leveraging it's gas so NordStream2 could be approved. Anyway, winter is coming.

[@samuelg3586]

You mean nuclear winter is coming

[@dwade2026]

One word: Biden

[@playlist55]

"Let's go Brandon"

[@garyoakham9723]

Let’s go Brandon

[@acommentator69]

Bring back good old coal

[@Doamino41]

Seriously? You blame Biden for the world's energy crisis?! 😆

[@acommentator69]

@@Doamino41 this is a result of empowerment economics

[@Doamino41]

@@acommentator69 Exactly! Economics is the reason for high gas prices,not politics.

[@acommentator69]

@@Doamino41 too many checks

[@draganpenchev]

How come " Nord Stream 2 " is contentious if it ' s carbon print is 9 times less than the pipe line going through Ukraine ? Are you really caring about environment and nature or you are caring only about politics ?

[@rohzpopper4922]

He only blames Russia when scoring an own goal. Or trip down the stairs, blame Russia Salty food, blame Russia not the chef !😂

[@alhanes5803]

Any corn pop ized lib can tell ya what we already know. I hope they lose every single thing they have for it too.

[@brandonwashere5787]

Let's go Brandon !

[@josephk7530]

So original waterhead

[@jerryerickson9921]

This is what happens when you let gretta thunberg and her followers decide your future.

[@reigon1048]

How dare youuuu!?.. What a comedian

[@newaccount6874]

I always let little kids control my future.

[@reigon1048]

@@newaccount6874 hahhaha

[@reigon1048]

@@newaccount6874 stop! All you can talk about is money and fairy tales of eternal economic growth. How dare you!

[@solomonstewart1025]

He is blaming Russia!!!

[@lazymonkey8259]

the next ,he will blame China，then it's Russia's turn

[@gold5763]

@@lazymonkey8259 Well, they won’t be fooled by themselves.

[@rohzpopper4922]

Always will. Always be when USA are pulling the hidden strings

[@pavelimani]

It may be hard to believe but sometimes the wind doesn’t blow! Who knew?!

[@rohzpopper4922]

The sun not shinning brightly to gloomy weather

[@Diwana71]

Go to church and ask God to send some wind. Stock on woollens. 4-5 layers. And cut any tree in the park outside.

[@americanpresident3717]

*Yes, eco-power has not been able to supply enough energy BUT do your research and you’ll find Europe was offered long term gas contracts with Russia and declined to do so many years ago. Gas is not like coal or even oil, if you need to ‘store’ instead of ‘directly pumping’ it then it needs to be ‘liquified’ then when you need to use it has to be ‘converted’ back which COSTS money. If you don’t just ‘continuously pump’ in vaporized form then it’s less cost effective.* 🧐 *In regards to Ukraine, who was it who supported a d’état against a legitimately elected government and overthrew it using no legal means, what country back that move politically?* 🤔 *In regards to areas such as Donbass etc, why were Russian ethics being killed by members of the Ukrainian military & police forces, along with psychopathic thugs LONG BEFORE little green men arrived?* 🤔 *In regards to NordStream 2, why would Russia continue to transit gas to Europe through Ukraine while in growing conflict and under heavily strained relations?* 🤔 *FINALLY, IF RUSSIA WAS USING GAS SUPPLY AS A POLITICAL WEAPON HOW COME EUROPE HAS BEEN BUYING GAS OFF RUSSIA SINCE THROUGHOUT THE COLD WAR, SOVIET UNION TIMES?* 😮

[@GonzoTehGreat]

Don't be ridiculous. Of course Russia uses its natural resources as bargaining chips. Every country does to some extent, as a form of "soft" power. The European reliance on Natural Gas gives Putin both influence and leverage, which he isn't afraid to use. OPEC does the same thing with oil.

[@americanpresident3717]

@@GonzoTehGreat don’t be so vague, 6:00 - 6:15 … the words used are *”GEO-POLITICAL WEAPON”* … argue with that person’s wording. I don’t have a problem with *”bargaining chips”*

[@ernestbarcella175]

Very well said !!

[@GonzoTehGreat]

@@americanpresident3717 I'm assuming you specifically have a problem with the use of the word *weapon* ? If so, by all means say so, because the PRODUCTION and DISTRIBUTION of energy is a *geo-political* issue and always has been. Indeed, multiple wars have been fought over it! This is the CNBC channel, so you can expect them to be pro-EU and biased against Russia, which is why they use such language. If you instead watch Russia Today (RT) who are the opposite, they'll deny Russia has ever used such leverage. Both news channels are biased, but that doesn't mean that, in this case, CNBC is wrong. Putin has probably restricted NG supplies to Europe, both to increase the market price further and also to remind the EU of its dependence on Russia to meet its energy needs. Russia's economy has suffered from the economic sanctions imposed after his annexation of Crimea, so this is a welcome windfall. Also, Nordstream 2 is more likely to face less opposition now. Putin is acting in Russia's best interests, at the expense of the EU, who can afford it. However, he's smart enough not to push things too far.

[@americanpresident3717]

@@GonzoTehGreat do you really think you are telling me something new, bravo 👏🏼 … 😛lame reply below 👇🏼

[@yevhenkharchenko7471]

They forget to say that USA stopped selling gas to Europe. It influenced market more than Russia.

[@BayuAH]

Wait, CNBC is talking about the real gas, not gas which is actually liquefied fuel. On what world is it???

[@finikorg]

At the same time Europe wants Russian gas and does not want to approve already built pipeline for Russian gas to come ;)

[@achillestheant430]

we don't want gas cause it's not eco! oh hi Mark, double the price is fine :))

[@sn5301679]

Greta: how dare you russia 🤬

[@igorm6944]

people should quit their cars and just walk

[@deepeshpatel26]

Money printing!!!

[@asura-2467]

what abt using biogas plant partially at individual or community level ?

[@felixkazteyanoz]

Not profitable for the corrupted corporate and their puppet politicians.

[@asherdog9248]

Need I remind your democratic viewers that the bad Orange Man's Red Gas just 10 months ago in my state was $2.20 a gallon. Blue gas is now up $1.40. This is exactly what you would expect if a 3rd grader became our president and passed a slew of edicts in the form of presidential directives. To my democratic friends who put Brandon in office... pucker up and open up.

[@alhanes5803]

And the M Rons who voted for corn pop deserve to lose every single thing they have.

[@Loltalkshow_47]

I get it gas prices are going higher but you don't have to look like a whatever you're looking.

[@ms.valdez5633]

And you think you look like a 10? You think you have room to talk? What is it that she look like that your so bothered by you have to fix your lips to talk about a Woman's looks.

[@darrynwiley6689]

Good old fashioned inflation. With all the newly printed money now making its way to general populations, suppliers & providers are simply jacking up their prices. Does anyone really believe gas supplies shrunk dramatically over the last 18 months of this "pandemic"? As others point out here, the mad rush to renewables is not working out well.

[@dodgro8342]

gas supplies did shrink. But first they got massively overproduced (in relation to solvent demand)

[@diauhnajohnson9616]

DiAuhna Kmara Johnson Win

[@endcronycapitalism1616]

It isn't more expensive... The FIAT money in the world has been devalued by massive printing!!! Buy Silver, Gold, Bitcoin, Ethereum, Mining stocks, Oil stocks, Canned goods etc etc...

[@antoniodefilippo8484]

Russia has fulfilled all its contractual obligations, surely its upto European countries to negotiate new contract for more gas from Russia, if they have not done this how can Russia neely weely give European countries more gas?Russia has reapeditly said that they ready to supply more but they haven't had any request!so let's blame Russia as usual,shame on European Union countries 🤔 🙄 😏

[@reigon1048]

Do you know who's not feeling that inflation..? Those with cojones that invested during the oil stocks crash back in March/April 2020.. I bet they are happy with those high prices

[@Hyperpandas]

Depends if the companies they invested in still exist, and what the production levels of those companies are now relative to when they invested.

[@reigon1048]

@@Hyperpandasof course.. Any of the mayor ones.. Not mickey mouse oil

[@Hyperpandas]

@@reigon1048 I mean... Chesapeake went into oil with a $4 billion acquisition and then had to file bankruptcy in 2020 (one of several major companies involved with shale). They're out now, but sticking only with natural gas (no more oil). So it's not just small scale businesses (and their investors) who got hammered.

[@carldaniel3155]

China not buying coal from Australia (due to Covid lab fall out)... Thus China buying 35% more Gas, leaving none for Europe! China currently building 238 massive coal power stations will not help global emissions at all! Where will they buy the coal from? if not Australia...

[@spud2727]

They will buy from Trudeau, hes a ccp sympathizer!!

[@MrNaufan]

We need nuclear

[@apostolosviol]

3:23 this question does not make any sense. You had to say imports at the end didn’t you?? Correct me if I am wrong here.

[@alparslankorkmaz2964]

Nice video.

[@rohzpopper4922]

Nice distorted video.