Russian President Vladimir Putin has reduced gas flows from Nord Stream 1 down to 20 percent. He has gone on record saying this puts the European Union in a bind, as it is a primary source of fuel for the Eurozone. Countries like Germany are already looking at firing up coal plants in an effort to find alternative sources of fuel.
The European Union has also agreed to a plan to reduce usage by 15 percent for each nation as winter approaches.
Cow Guy Close host Scott Shellady and his guest, Carley Garner of DecarleyTrading.com, discuss the impact on United States exports of liquified natural gas and why it is difficult to get the fuel to Europe.
Related:
Analysts: sanctions on Russia could cause U.S. gas prices to climb higher
Russia and China agree to a 30-year gas deal with new pipeline
