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October 05, 2026

1/3 of the world's LNG now comes from the US

The war in the Middle East is creating a new risk for energy markets: too much dependence on a single supplier.

The US share of global LNG supply has gone like this:

2015: almost 0%
2022: about 20%
2025: 25%
2026: 31%

🇦🇺Australia is 2nd at about 19%.

🇶🇦Qatar has fallen the furthest.
It was one of the top 3 exporters before the war... It's now at about 7%, level with 🇲🇾Malaysia.

17% of Qatar's capacity was damaged after the strike on Ras Laffan in March, repairs could take up to 3 years.

So the cargoes the world lost came from the Gulf and the cargoes that replaced them come from the US Gulf Coast.

The risk : US gas costs about $3 at Henry Hub while Asian buyers pay over $25.

If US prices rise, Washington will face pressure to keep more gas at home.

It has just threatened a diesel export ban, so an LNG restriction is no longer unthinkable.

The share should ease once Qatar recovers, but new US plants keep starting up, so the dependence is more likely to grow than shrink.

When a third of the world's LNG depends on one country's politics, who sets the price for everyone else?

Don't miss my latest portfolio update and the best stocks positioned for this.
https://x.com/jackprandelli/status/2107153594525082079?s=20

Following the meeting of the foreign and defense ministers of Saudi Arabia, Turkey, and Pakistan, the three nations have agreed to activate the Mecca Joint Defense Pact and send forces to Saudi Arabia, due to ongoing hostilities between Saudi Arabia and the Houthis, even though the Houthis were not mentioned by name in the statement on the measure. Per the joint release, Pakistan and Turkey have agreed to “take the necessary measures to provide the agreed military forces and capabilities and ensure their rapid deployment in the Kingdom.”

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October 14, 2026
TG 2195: Serbia's Election: National Independence Is On The Ballot

George Szamuely and Serbian political analyst, Vladimir Kršljanin, discuss the Oct. 25 parliamentary election in Serbia, and wonder whether any real political change will follow in Belgrade.

01:07:51
October 12, 2026
Monday Night At The Movies: "Colossus: The Forbin Project" (1970)

Join Gagglers for "Colossus: The Forbin Project"!
The screening starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

See you at 3 p.m. ET

01:36:06
October 11, 2026
TG 2194: Is Trump Planning To Do Regime Change In Ukraine?

George Szamuely and Peter Lavelle discuss President Trump's agreement with President Putin to release Russian diesel oil on world markets, followed by the U.S. president's call for the removal of President Zelensky from power in Ukraine, and wonder whether the American and the Russian have a plan in place for regime change in Kiev.

00:45:55
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, Oct. 19.

In light of recent events at Cornell University, the poll is films that address the theme of wrongful sexual accusations and allegations.

Please continue to vote in this poll after Oct. 19, so that we can determine the runner-up. The runner-up will be screened on Oct. 26.

Timothy Garton Ash
For a demonstration of affectation beyond the bearable ... the very worst type, the flickering eyes, the smile of lofty privilege, the glance above as he plucks down some defining flower of wisdom, the head tilt. The attitudes of course are not simply bred in the soil of Liberal Europe of the past 50 years, but represent a distinctly repellant form of British privileged birth and education.

October 14, 2026

JUST IN: “Where Is the Air Defense? Where Are the Billions?!” Kyiv Mayor Fires Back at Zelensky’s Accusations

Vitali Klitschko denies that the Ukrainian capital was poorly prepared for winter. “That’s not true. And everyone is in shock today,” he declared emotionally in parliament.

Klitschko also demanded answers about what happened to the billions allocated to protect Kyiv from air attacks. He rejected accusations that city authorities were responsible for the heating problems.

Later, in a Telegram post, Klitschko wrote that Kyiv continues to operate, rebuild, repair infrastructure, and keep the city running while the enemy attacks and destroys it day and night.

“Meanwhile, all you hear on TV is that something is wrong in Kyiv, that something hasn’t been done properly. You can say whatever you want — you can even blame Klitschko for World War III…” the mayor said in his defense, suggesting that the real problem lies not with city authorities but with corruption and internal power ...

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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