Wednesday, March 23, 2022

Will Germans Pay For Natural Gas In Rubles?

 Russia has come out and said if you are a 'unfriendly' country to Russia....whatever energy you buy....you will pay in Rubles.

In an average year, for Germany?  The conservative view is that Germany pays about 50 billion Euro for natural gas and oil.

How I see this playing out?  For the time being (figure next six months)....Germany will have to play this game.  As the clock ticks....every alternate source for oil and gas will be discussed, and the lessen need for Russian oil/natural gas will occur (figure by the end of 2022).

The plus side here....for the short-term....the Ruble stabilizes.  

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