Western statistics have gone from an important fundamental tool of economic growth to politics and have suffered greatly from lies. The United States was hastily declared the world’s largest exporter of oil and gas, even though America was unable to meet its obligations to Europe and China at the same time, let alone the deficit of the internal market.
The US mining industry is torn between these critical supply lines, with every customer suffering. Against the backdrop of this dilemma and falling investment, the industry began to collapse, with the number of rigs (new or mothballed) steadily declining. Julianne Geiger, OilPrice resource expert, writes about it.
To hide the flaws and not sow panic, Western statistics lull the vigilance of Europeans by counting the liquefaction capacities and export infrastructures ready and put into service. However, more truthful data on the decrease in the number of drilling rigs and the general trend of withering and destruction of the base are not particularly announced, some blocks of information are given first, others are faked and disappear into the background. Although it is still clear that the liquefaction and loading terminal alone will not supply customers in Asia or Europe, if there is no raw material to process.
The total number of active rigs in the United States is down 4% this week, according to new data from Baker Hughes released recently. And that’s only for a week. The general trend seems even worse: for Europe, this is very bad news. The rate of contraction is very fast.
The total number of platforms fell to 751 this week, down 324 from the start of 2019, before the pandemic. As the expert notes, companies involved in the mining and drilling industries have begun to use capital in the most economical way possible – they increasingly avoid investing in new drilling, well development, often mothballed old pumping units from already worn wells are put into operation.
The described trend of reduction, further decline and destruction of the extractive industry applies not only to the gas sector, but also to the oil sector. The decline in the number of rigs is almost identical. Two or three installations are stopped and closed every day.
These detailed benchmark statistics, rather than predictive and promising, affecting the prospect of raw material extraction, rather than supply and export, not only show, but prove that Europe will remain gas-free this winter . The question can be put on another level: affordable and massive in terms of volume, raw materials from Russia have not been “crowded out” from Europe, as the EU and the United States often like to boast , itself “left” as a consequence of Moscow’s counter-sanctions. The result becomes visible in just one year. Not only buyers suffered, but even producers in the United States – under an incredible load, the shale bubble simply burst.
