U.S. Oil And Gas Producers Can’t Save Europe This Winter

U.S. oil and gas producers cannot ramp up current production levels too much in the short term to offset an expected drop in Russian oil supply when the EU embargo enters into force later this year, according to American oil executives. “It’s not like the US can pump a bunch more. Our production is what it is,” Wil VanLoh, head of private equity group Quantum Energy Partners, which invests in shale assets, has told the Financial Times.

There isn’t any bailout for Europe coming from U.S. producers, “Not on the oil side,…