Nikos Tsafos is a Manager specializing in natural gas with PFC Energy.
"OPEC is not waging a price war against the United States—rather, U.S. producers are waging an insurgency against OPEC."
"The danger is that the United States will try to leverage energy for political ends and trigger unintended consequences."
Oil prices matter far less for economic activity than we give them credit for.
If prices were to drop, thanks to a surge in supply, could nations like Saudi Arabia and others be in for trouble?
"Russian gas does not weaken Europe politically, and diversification is not the solution."
The devil just might be in the details.
Russia has demonstrated that natural gas is an unwieldy and largely ineffective weapon.
The idea that austerity is killing Greece is absurd. The problem is the inability to practice austerity.
The news from Athens gets worse and worse. It's time to treat the disease, not just the symptoms.
Gas prices in Europe aren’t going to decline anytime soon.
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