Mild autumn weather has sent European gas prices plummeting
One major theme in the ongoing US-Russia conflict over the past decade-plus (dating back to at least 2008) is a fight over who gets to sell oil and gas to Europe.  With the destruction of the Nordstream pipelines, and with countries like Qatar refusing to alter long-term energy contracts to increase supplies to Europe, and with Iran still under the Trump-era sanctions (which Biden continued), that mostly leaves the USA as the primary supplier.  See this from past summer:<p><a href="https:&#x2F;&#x2F;www.reuters.com&#x2F;business&#x2F;energy&#x2F;us-lng-exports-europe-track-surpass-biden-promise-2022-07-26&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reuters.com&#x2F;business&#x2F;energy&#x2F;us-lng-exports-europ...</a><p>&gt; &quot;...the United States has already sent more gas to Europe during the first six months of 2022 than it did in all 12 months of 2021. If exports to Europe continue at the same pace through the second half of 2022, the total increase over 2021 would be around 45 bcm [billion cubic meters].&quot;<p>&gt; &quot;Benchmark gas prices in Europe have averaged $34.06 per million British thermal units (mmBtu) so far in 2022 compared with $29.99 in Asia and $6.12 in the United States. That compares with average 2021 prices of $16.04 in Europe, $18.00 in Asia and $3.73 in the United States, data showed.&quot;<p>This also results in U.S. electricity ratepayers having much larger bills, driving across-the-board inflation - but fossil fuel shareholders and executives are certainly raking in the profits.  Mission accomplished?<p><a href="https:&#x2F;&#x2F;energynews.us&#x2F;2022&#x2F;10&#x2F;12&#x2F;natural-gas-prices-are-rising-thats-worse-news-for-ratepayers-than-utilities&#x2F;" rel="nofollow">https:&#x2F;&#x2F;energynews.us&#x2F;2022&#x2F;10&#x2F;12&#x2F;natural-gas-prices-are-risi...</a>