QatarEnergy, the world's largest producer of natural gas, just got bombed.

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[–] 173 points 5 months ago* (25 children)

It seems to me that every major conflict (Russia, Middle East) spikes oil prices, relatively unpredictably (if you can call this unpredictable).

Maybe the world should look for alternative sources of energy, which are abundant, cheap, and can be deployed non centrally?

No. No that’s insane.

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  • [–] 49 points 5 months ago (1 child)

    These prices are literally controlled by price-fixing cartels.

    But Europe is investing hundreds of billions in North Sea wind farms to generate hydrogen for heating, it was initiated by Putin's actions.

    https://www.cip.com/projects/our-projects/hydrogen-island/

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  • [–] 18 points 5 months ago (6 children)

    Now we just have to hope that people dont dig up this bullshit idea of using hydrogen to heat your own house.

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  • [–] 24 points 5 months ago (3 children)

    There's really nothing wrong with generating hydrogen when power costs are negative.

    Except that only happens like 500 hours a year.

    And hydrogen will leak from any tank.

    And it turns metal brittle.

    And I wouldn't trust my neighbor with a propane tank, let alone hydrogen.

    And its nearly impossible to transport through existing infrastructure.

    But other than that, its great!

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  • [–] 14 points 5 months ago* (1 child)

    You forgot about the part where the possibility of generating hydrogen cleanly from electricity later is used as an excuse to build infrastructure and fuel-cell cars for it now, even though hydrogen now is dirty hydrogen produced by cracking fossil fuels.

    I have no confidence that the second phase of switching to electrolysis would actually happen, and that "the hydrogen economy" isn't just a greenwashing scam perpetrated by natural gas producers.

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  • [–] 3 points 5 months ago

    Whatever comes next Iβ€˜m prepared to be deeply disappointed by my government and our European partners on this. β€žMake gas cheaperβ€œ is probably at the very top of every leaderβ€˜s to do list tomorrow.

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    [–] 99 points 5 months ago (7 children)

    If only we had some way of generating energy independent of oil and fossil fuels.

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    [–] 61 points 5 months ago (1 child)

    Wow wow wow!

    Wait, let's do what's always important when looking at wow wow wow graphs: Check scale. Ok, you're looking at a period of a day. Let's look at more.

    Wow wow wow. This is what we are looking at. NOTHING happened. Really nothing.

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  • [–] 56 points 5 months ago* (last edited 5 months ago) (2 children)

    Good. Fuck being dependent on dictators for our energy. Renewables is the only way forward. European energy for Europeans.

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  • [–] 53 points 5 months ago (5 children)

    Economy is imploding because people don't want to pick between switching to green energy and not murdering brown people.

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    [–] 48 points 5 months ago (1 child)

    And the German government wants to end the sales ban for gas boilers. 55% of German gas consumption is used to heat buildings. So this is a key part of reducing consumption. Another case of a conservative government hurting Germany badly.

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  • [–] 34 points 5 months ago

    I'm laughing because I went with Habeck's advice and installed a simple heat exchanger in my house that is hooked up to a centralized community heating system that runs on sustainable heat sources. Because Habeck, imperfect as he may have been, had a realistic view on things that was rooted in scientific data.

    Fuck the CDU and fuck the SPD, fucking class-traitor scumbags.

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  • [–] 17 points 5 months ago (3 children)

    We buy the much more expensive US fracking gas. That spike is a minor blip to Europe.

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  • [–] 28 points 5 months ago* (2 children)

    The European Commission has a website listing the top gas suppliers to Europe
    https://www.consilium.europa.eu/en/infographics/where-does-the-eu-s-gas-come-from/

    Our main suppliers are, as of 2025:

    • Norway - 31.1%
    • United States - 25.4%
    • Russia - 13.1%
    • North Africa - 12.8%
    • United Kingdom - 4.3%
    • Qatar - 3.8%

    While Qatar doesn't provide a huge proportion of European gas, it's not insignificant either. A disruption in the supply of Qatari gas could very easily cause prices to go up by a lot.

    Edit: It's almost as if we should do everything in our power to rid ourselves of the dependency on fossil fuels.

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  • [–] 5 points 5 months ago (1 child)

    It’s almost as if we should do everything in our power to rid ourselves of the dependency on fossil fuels

    https://www.cip.com/projects/our-projects/hydrogen-island/

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  • [–] 4 points 5 months ago

    At full capacity (10GW), the island is expected to produce around 1 million tonnes of green hydrogen, corresponding to roughly 7% of Europe's expected hydrogen demand

    10GW = 87.6 TWh / year (even assuming 100% efficiency of the P2G process). That's 10% of Germanys gas consumption of last year (864TWh). The EU consumes something like 5000TWh per year.

    So while this might be a cool project and a much needed one, it's not nearly enough to replace our gas imports. We should really stop using gas to heat our homes and use the miniscule amount of green gas we can produce for the processes that really require it.

    In other news: Our (German) government wants to go back to gas heating and combustion engines, hoping to find some e-fuels in the attic.

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  • [–] 11 points 5 months ago (1 child)

    It's not just about where european countries buy, there's a global market, it's about who bought gas from Qatar and where they will buy their gas now. AFAIK Qatar exports a lot to asian countries, if they can't get gas from Qatar anymore they're going to buy from other countries, for example from the USA. That's going to raise the price for US fracking gas and will affect Europe.

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  • [–] 14 points 5 months ago

    Switch to renewable already. Or at least, this is part of why we should've prior.

    Right now it's gonna sting cause these aren't the typa changes that happen overnight.

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  • [–] 13 points 5 months ago

    Hello world! Canada has LNG we are looking to bring to market. Wink wink nudge nudge

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  • [–] 7 points 5 months ago

    Go green or go broke!

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  • [–] 7 points 5 months ago (1 child)

    Oh dear. Please drive a bit slower or take a train...

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  • [–] 6 points 5 months ago (20 children)

    Too many innocent people will be affected by this so I can't say "leopards eating face" without reservations, but still, those leopards will be eating good tonight.

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    [–] 6 points 5 months ago (1 child)

    Have we reached the find out phase of fucking around?

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    [–] 6 points 5 months ago* (last edited 5 months ago)

    Y'know, usually the markets price things in well before they happened, but there was a whole lot of hopium this time that somehow a large-scale Middle Eastern war would not effect fossil fuel production and shipping.

    Edit: I don't like that everyone's upvoting this. Less regulation is usually better, and family is important. There you go, de-pandered.

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