I would hope there’s some of that going on, but I read something a while back that explained that it’s a much bigger/slower deal to ramp up production than it might seem. Complex on many levels, from extraction to shipping and everything in between. The boom/bust nature of the biz makes it a dicey affair... and there’s not a lot of unused capacity just sitting idle. Perhaps long-term contracts would mitigate some of that. Then again the geopolitics of this are fluid. Would Europe agree to buy Russian LNG if Putin has an accident on the operating table and his replacement declares a giant “ooops” and says they’ll pull troops back to their original borders if Europe buys the LNG? I suspect, in the interest of peace, that’s a yes.
The new NATO with Sweden and especially Finland is pretty cool stuff. Could we ask for stronger, more representative of our values, new partners? Not sure we could. As I said earlier I’m biased towards the Nordic countries due to blood ties, myself and my naturally blonde wife, but even still I’ve admired how they take care of their business from afar for decades. Don’t you wish our .gov could be more, what’s a good word, more “functionary” like theirs, and less like weird rock-star royalty the way ours turns into? I do. Then again their population seems more rational “writ large” than ours, so maybe ya get what ya deserve. Anyway, very glad to bring them into the fold.