I recently played a game of Monopoly (and won) and mocked the electric company and water works as useless utilities. Boy was I wrong! Looks like Gazprom is playing its own monopoly game in Europe by offering to buy all of Libya’s natural gas and some the country’s oil.
Maybe it’s me, but it seems like a game, just say it out loud..”I’ll take all of your natural gas and some of your oil, and I’ll give you…” See what I mean. Gazprom must be playing the ant in this real life Aesop’s fable, “Ant and the Grasshopper” because they have been busy little commissars this summer sucking up as much product as they can get their hands on.
The question I have is this; doesn’t anyone see what is coming? These guys realize there is a worldwide shortage of all types of natural resources and they are stockpiling as much as they possibly can, only to turn around and sell it for a hefty profit right back to the countries they buy it from now.
To my friends across the pond, it’s time to wake up and smell the diesel, you are about to get eff’d this winter and you don’t even see it coming! Italy has done an energy swap deal, Libya offering to build a pipeline from Northern Africa; these guys are creating their own cartel. Hey France, Germany, England, Spain, Ukraine, Poland, don’t come asking the U.S. for energy this winter….we don’t have a square to spare!
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