- Location
- Cumbria
But oil demand is pretty low and natural gas is so cheap it's ridiculous. The Middle East states are feeling the pinch, some of them are developing their tourist industries and others are building nuclear reactors or intend to. One of the huge flashpoints is the idea of a pipeline from the Middle East to Europe through Turkey, only Russia won't want it for obvious reasons.
Trump was desperate to get American LNG sent to Europe but its more expensive than pipelining it from Russia.
This is all big big money we are talking about.
It's already a reality: https://www.cleanenergywire.org/fac...d-stream-2-links-germany-russia-splits-europe
oil demand: https://www.statista.com/statistics/271823/daily-global-crude-oil-demand-since-2006/