European Natural Gas supplies

Bill Masen - December 22, 2021

All records for the price of natural gas (NG) have just been smashed, Its just passed $2000 per 1000 unit suply. The normal price in in the low hundreds of dollars.  It is causing energy companies across europe to go bust in growing numbers and the price of NG to retail customers is going up very vast.   its caused by a mixture of geopolitics, logistics, greed and high demand and its damaging many economies and financial markets.

It has a knock on effect as those who have coal or log burning stoves are buying much more than normal and this is also driving up prices  of coal based products and kiln dried fire wood.

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And this is SOME of the stuff that will be affected by the price hike.

A partial list of products made from Petroleum (144 of 6000 items)
One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:
Solvents
Diesel fuel
Motor Oil
Bearing Grease
Ink
Floor Wax
Ballpoint Pens
Football Cleats
Upholstery
Sweaters
Boats
Insecticides
Bicycle Tires
Sports Car Bodies
Nail Polish
Fishing lures
Dresses
Tires
Golf Bags
Perfumes
Cassettes
Dishwasher parts
Tool Boxes
Shoe Polish
Motorcycle Helmet
Caulking
Petroleum Jelly
Transparent Tape
CD Player
Faucet Washers
Antiseptics
Clothesline
Curtains
Food Preservatives
Basketballs
Soap
Vitamin Capsules
Antihistamines
Purses
Shoes
Dashboards
Cortisone
Deodorant
Shoelace Aglets
Putty
Dyes
Panty Hose
Refrigerant
Percolators
Life Jackets
Rubbing Alcohol
Linings
Skis
TV Cabinets
Shag Rugs
Electrician’s Tape
Tool Racks
Car Battery Cases
Epoxy
Paint
Mops
Slacks
Insect Repellent
Oil Filters
Umbrellas
Yarn
Fertilizers
Hair Coloring
Roofing
Toilet Seats
Fishing Rods
Lipstick
Denture Adhesive
Linoleum
Ice Cube Trays
Synthetic Rubber
Speakers
Plastic Wood
Electric Blankets
Glycerin
Tennis Rackets
Rubber Cement
Fishing Boots
Dice
Nylon Rope
Candles
Trash Bags
House Paint
Water Pipes
Hand Lotion
Roller Skates
Surf Boards
Shampoo
Wheels
Paint Rollers
Shower Curtains
Guitar Strings
Luggage
Aspirin
Safety Glasses
Antifreeze
Football Helmets
Awnings
Eyeglasses
Clothes
Toothbrushes
Ice Chests
Footballs
Combs
CD’s & DVD’s
Paint Brushes
Detergents
Vaporizers
Balloons
Sun Glasses
Tents
Heart Valves
Crayons
Parachutes
Telephones
Enamel
Pillows
Dishes
Cameras
Anesthetics
Artificial Turf
Artificial limbs
Bandages
Dentures
Model Cars
Folding Doors
Hair Curlers
Cold cream
Movie film
Soft Contact lenses
Drinking Cups
Fan Belts
Car Enamel
Shaving Cream
Ammonia
Refrigerators
Golf Balls
Toothpaste
Gasoline

 

So much of our world runs off of petroleum. Even if the product you are buying is 100% natural, the machines, packaging, and even energy to run the plant or get workers to the plant all run off of petroleum.

 

Other effects currently have to do with China halting exports of urea (made from Nat Gas) and which is the precursor of nitrogen fertilizer and Diesel Exhaust Fluid among a host of other stuff. Without DEF trucks can not run as they are shut down by a DEF sensor…

BTW, the DEF sensors are in short supply, along with lots of others…

Top up your pantry.

 

Chinese truckers are also struggling to find Adblue and Diesel, in many areas its strictly rationed.