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ENERGY CRISIS: Natural gas prices in Europe are up ‘about **70%** so far **this week**’

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ENERGY CRISIS: Natural gas prices in Europe are up ‘about **70%** so far **this week**’

Just to follow up on this story from yesterday about the Freeport LNG fuel-export terminal on Quintana Island, Texas and how it won’t be back fully until late 2022, thus raising natural gas prices in Europe while lowering them in the U.S. . . .

U.S. natural-gas prices take a major nosedive after a fire damaged a Texas LNG export terminal https://t.co/yNiB6Y9C1w

— Twitchy Team (@TwitchyTeam) June 15, 2022

. . .natural gas prices in Europe continue to soar this week:

Benchmark European natural gas price (Dutch TTF) is up >50% over the last three days | #ONGT #Russia

— Javier Blas (@JavierBlas) June 16, 2022

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And “benchmark natural gas prices have now risen about **70%** so far **this week**”:

If you’re wondering how Europe’s energy crisis is going:

Benchmark natural gas prices have now risen about **70%** so far **this week** #ONGT pic.twitter.com/Y0QgPNIvwk

— Helen Robertson (@HelenCRobertson) June 16, 2022

Russia, as you might expect, is taking full advantage of the situation:

Russian gas supply to Europe fell further on Thursday, sparking concerns about refilling storage for winter and igniting a diplomatic tussle as Russian supplier Gazprom blamed Western sanctions for hampering maintenance work https://t.co/Wvsr9xrOUn pic.twitter.com/9iNTvw3K8a

— Reuters (@Reuters) June 16, 2022

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You know, maybe our NATO ally Germany shouldn’t have relied so much on NATO rival Russia for its energy needs in the first place?

https://t.co/GnTebQwkHe

— Helen Robertson (@HelenCRobertson) June 16, 2022

It sounds like it will be a long winter, Germany:

Germany’s top energy regulator is urging consumers and industry to curb gas consumption to help fill storage sites after Russia curtailed deliveries https://t.co/QUM50LWbFH#ONGT

— Helen Robertson (@HelenCRobertson) June 16, 2022

But it’s not just the export of LNG out of the United States that fueling inflation here at home. We’re exporting refined fuel products, too:

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High U.S. fuel exports are helping push gasoline prices to $5 a gallon, draining already low inventories and squeezing consumers and companies https://t.co/la33iMVJDY

— The Wall Street Journal (@WSJ) June 16, 2022

From the WSJ:

A rapid rise in American fuel exports this year has helped push gasoline prices to a record $5 a gallon and is pressuring U.S. prices of natural gas, which hit the highest levels in over a decade earlier this month.

In recent months, companies and commodities traders have shipped more U.S. gasoline and diesel to Latin America and other foreign markets, reaping higher prices than the fuel could fetch domestically. They have also sent more liquefied natural gas, or LNG, to Europe after Russia’s invasion of Ukraine.

In the past, exporting hasn’t been an issue. But now it is:

U.S. exports have had little effect on domestic prices in recent years, as the country enjoyed plentiful supplies lifted by the fracking boom. But the rise in shipments comes as inventories of crude oil and petroleum products have fallen to the lowest levels since 2008. At that time, exports of refined fuels were much lower, and U.S. companies hadn’t yet built major LNG export facilities.

These unusual circumstances are for the first time causing exports to substantially affect what Americans pay for gasoline and natural gas, which makes it costlier to provide heat and electricity to homes, analysts said.

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Over to you, President Biden. Is it time to halt exports?

The President has the authority to halt exports for a year – Biden needs to notice the declaration in the Federal Register and start protecting American families https://t.co/h77gN8tRYg

— Tyson Slocum (@TysonSlocum) June 16, 2022

***

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Gerrit Cole’s strong outing wasted in Yankees’ no-no loss

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Gerrit Cole’s strong outing wasted in Yankees’ no-no loss

This wasn’t what Gerrit Cole had in mind earlier in the week when he laughed at how being on the mound for a no-hitter has eluded him.

Cole spun a gem of a start Saturday, but wound up on the losing end because he shared the rubber with three Astros pitchers who combined on a no-hitter in a 3-0 victory over the Yankees. In a reminder of how cruel baseball can be, Cole twice took no-hitters into the middle of the game or beyond this week and wound up with a no-decision and a loss on his record (6-2).

“The cold hard truth is we got outpitched and outplayed,” Cole said. “Credit to the opponent. Magical day for them.”

Cole lost a no-hitter in the eighth inning Monday against the Rays, but the Yankees still won, which created a light moment when he joked he has never completed the job despite building a résumé with four All-Star selections and an ERA title. There was no such luck or levity Saturday when he would needed perfection — or better — to outduel Astros starter Cristian Javier and two relievers.

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Instead, Cole settled for striking out eight and scattering four hits over seven innings.

Gerrit Cole
Gerrit Cole
Robert Sabo

“Gerrit’s just going to keep doing that,” catcher Jose Trevino said. “That’s good for us in the long run.”

Cole walked two, but did not allow a hit until back-to-back, two-out singles by Jake Meyers and Martin Maldonado in the fifth inning. He survived that jam unharmed, but his 101st pitch was his big mistake in the seventh inning of a scoreless game.

J.J. Matijevic turned on a low-inside fastball and deposited it into the right-field seats for a homer as his reward for showing patience laying off a first pitch in the dirt. The rookie first baseman’s only two career hits have been solo home runs.

“I tried to make an adjustment and I obviously overcorrected and threw the pitch into an area that he was anticipating or he wasn’t going to be late on,” Cole said. “Not the side of the plate that we were trying to go to. It was honestly just a bad miss, but I don’t want to take any credit away from the guy who put a good swing on it.”

The solace is that Cole is pitching like an ace. He has allowed one run or fewer in five of his last six starts. Matijevic’s home run snapped Cole’s 21-inning scoreless streak at home.

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“Right away he was getting swing-and miss-with his heater, which was big while he was finding it those first two innings,” manager Aaron Boone said. “I thought his stuff was really good. Once he settled in, he was terrific.”

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4 wounded, including 8-year-old, in Brooklyn scooter shooting

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4 wounded, including 8-year-old, in Brooklyn scooter shooting

Four people were wounded — including an 8-year-old boy — in a scooter shooting in Brooklyn on Saturday night, police said.

Two men riding on a scooter pulled up around 11:30 p.m. to a large gathering of people in front of the Stuyvesant Gardens Houses on Quincy Street in Bedford-Stuyvesant and opened fire into the crowd, cops said.

An 8-year-old boy received a graze wound in the leg. A 27-year-old male, a 35-year-old female and a 46-year-old female were also each shot in the legs.

All four victims were transported to Kings County Hospital with non-life-threatening injuries, police said.

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The suspects fled on a green and white scooter in an unknown direction, according to police and sources.

Six shell casings and two live rounds were recovered at the scene, sources said.

The victims are all expected to survive.
The victims are all expected to survive.
Paul Martinka

No arrests have been made at this time as police continued to canvas the area early Sunday morning.

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Man arrested for attempted murder of LAPD officers amid Roe v. Wade protests

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Man arrested for attempted murder of LAPD officers amid Roe v. Wade protests

Police holding rubber-bullet guns and batons move to disperse a crowd of abortion rights activists protesting after the overturning of Roe Vs. Wade by the US Supreme Court, in Downtown Los Angeles, on June 24, 2022.
Police holding rubber-bullet guns and batons move to disperse a crowd of abortion rights activists protesting after the overturning of Roe Vs. Wade by the US Supreme Court, in Downtown Los Angeles, on June 24, 2022.
Photo by FREDERIC J. BROWN/AFP via Getty Images

A man was charged with attempted murder of Los Angeles police officers Friday night amid protests of the Roe v. Wade reversal, cops said.

A woman was also charged with resisting police after four officers were injured following a barrage of projectiles, fireworks and a makeshift blow torch, according to officials.

The mayhem unfolded around 8:20 p.m. in Downtown Los Angeles, the LAPD said.

Michael Ortiz, 30, is accused of throwing a makeshift flame thrower at an officer, who was treated for burns, according to a Saturday press release.

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Juliana Bernado, 23, allegedly attempted to steal an officer’s baton. A “less-lethal” bullet was fired at her, and she was taken into custody, police said.

“I condemn the violence against officers that occurred last night and into today,” Chief Michel Moore said.

“Individuals participating in such criminal activity are not exercising their 1st Amendment rights in protest of the Supreme Court decision, rather, they are acting as criminals.  

The Department will vigorously pursue prosecution of these individuals.”

Large scale protests in other cities large and small around the country were mostly peaceful.

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