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News Link • Economy - International

Dear Ukrainians, Your Gas Bill Goes Up By 50% On May 1, Have A Nice Day

• http://www.zerohedge.com, by Tyler Durden
*UKRAINE TO RAISE GAS PRICES FOR HOUSEHOLDS 50% FROM MAY 1

*UKRAINE TO RAISE GAS PRICE FOR HEATING UTILITIES 40% FROM JULY

As we warned previously, "the honeymoon is over" and it seems, from today's address, President Obama is about to mandate who and where the free market for natgas delivers it supply.

Of course, this is not about to get better anytime soon:

*NAFTOGAZ UKRAINY SAYS GAS DEBT TO GAZPROM IS $1.7B: KOBOLYEV

But President Obama is disappointed in the free market.
 
“We’ve already licensed, authorized the export of as much natural gas each day as Europe uses each day; but it’s going into the open market; it’s not targeted directly,” President Obama says.

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