What it really shows is how accustomed humans have become to the conveniences and luxuries that energy brings us. So much so that we've allowed others to weaponize it against us. And we think it's a "right" that we're owed.
Economist used to be a respected unbiased independent publication. Energy crises is the outcome of collective West sanction and Green energy car crash transition
The truth.Why is there no report done on this? Shell gross profit for the twelve months ending September 30, 2022 was $99.493B, a 81.02% increase year-over-year. Shell annual gross profit for 2021 was $72.5B, a 79.66% increase from 2020. Shell annual gross profit for 2020 was $40.354B, a 42.62% decline from 2019
The other question is with these record profits and knowledge of the climate crisis since 1970 (53 years) what has it done to invest in renewables? Shell talks the talk but doesn't walk the walk. Their non fossil fuel investments are like 1.5% of their profits. It's abysmal.
The Inflation reduction act and infrastructure bill both helped fund recarbonization assistance at the consumer level. The government now gives homeowners 6k for replacing gas and oil burners, 3k for electrical panel heavy ups, 2k for electric vehicle charging station installations and several thousand for solar rooftops. Thats JUST grants, not even the tax write offs. If you hate SHELL, ditch SHELL. Also, if you want a fossil fuel free transport option better and more flexible than electrified public transportation, look at the Energica Ribelle 100% electric motorcycle. Can park it anywhere, never pay for gas, never pay for parking and never again do I have to visit a Shell gas station.
@@hewhohasnoidentity4377 I also read from other news sources that they get less money for their oil than they used to. It disturbed me a little that The Economist now says sthg. different, I thought they are have high standards of fact checking.
And the question that always comes to our mind is: How about nuclear energy? It seems to be the answer for our future for many. Our crew recently prepared content to explain why nuclear might be the answer, but there are many complications around it before we can fully embrace this solution.
No nuclear energy is not the answer. a) its massively more expensive than any other generation in the order of 10x solar. b) It cant be built to scale as we lack the skilled manpower and time to meet Climate change needs. c) u235 supply is limited so it aint going to fly.
Russia has the biggest uranium enrichment capacity, to build it up in the West would need time. Kazakhstan is the biggest producer of uranium, Russia marched in there a few years ago when there was some turmoil in that country. Nuclear reactors need radiation hardened alloys in their core which requires exotic metals. That'd create bottlenecks like what we see today with cobalt and Li-batteries for example. Yes, nuclear is going to be an important energy source in the future, I have no doubt about it. But it won't be "The Answer" to our future energy needs. Instead of trying to find a silver bullet solution we should rely on a diverse source of (relatively speaking) clean energy in my opinion.
The world is heading toward the Fallout universe: energy crisis, wars over energy, nuclear fusion, potential chinese threat, and a slow-burning recession.
I tend to disagree, we've had serious destabilisation before. Look at the preludes to WW2 for an example. It's nothing the West can't handle; we've been there before and we overcame it before.
"Human trafficking is a fungible global commodity, every human is connected with every other human, even if there are some minors differences, basically human trafficking will get to market as long there is demand" Arguments feel right from a certain perspective, but let's not forget that using the market demand rhetoric is a sharp dangerous double-edged sword.
This fixation with climate change coupled with traditional "green" anti-nuclear advocates particularly in Europe have contributed significantly to the war in Ukraine. Germany would not have become dependent on Russian gas had it not wasted money and research resources on solar power (in a part of the world with very little sun) and planned to close it's remaining reactors. These poor energy policies empowered Putin and have funded his invasion.
Where else was Germany supposed to get its energy? Without Russia it would have had to go green faster. Then you would have undoubtedly been saying “why not get energy from Russia? The green transition is so expensive. German liberal greens hate the real working people.”
@@Jonpoo1, I have already mentioned the decommissioning of the nuclear power stations, the Russian natural gas procurements were ramped up to offset these closures and those of the coal plants. Germany under Merkel invested billions in pipelines that made its economy Increasingly dependent on a specific energy source from a single supplier. This single supplier also constituted the single greatest threat to European security. If natural gas was the preferred solution than why not invest in LNG ports rather than Russian pipelines? this would have enabled Germany to purchase gas from multiple suppliers. Why not keep the nuclear stations online or build new ones? This option produces little air pollution and uranium can be sourced from many countries. Solar works well in places like southern Spain but there is not enough sun in Germany to be a viable solution.
@@gregorymalchuk272, I don't mean to single out Germany, most of the West has made poor decisions on energy policies in the past few years that have benefitted Putin’s war.
There is no doubt that Germany failed to ensure it had energy security but then the United States did exactly the same thing in the 1970's. The important thing now is that Germany and indeed the rest of Europe make the necessary changes required to maintain energy security and at the same time remain focused on the Green transition. I believe a rapid resolution of the war in Ukraine would help stabilise the world economy and result in some reduction in wholesale oil and gas prices.
So you are saying that Oil that was provided to Europe or USA is still getting through and somehow, Russia makes even more money. How is it possible if the amount and demand is, most likely, the same, but the price that "middle man" pays to Russia is much lower?
We added solar to the house and sized it to power an EV and take us essentially off grid once save up enough to add batteries. The idea is to pay for the system now, while we are earning well. As it pays itself off, we will no longer be paying for power for our home and car
In my opinion, this is a very educative video, it has addressed the current affairs globally I can say. As the year is still young,one can use this knowledge to make financial decisions for their resolutions.
One of the biggest differences between now and the 1970s is that capex in oil and gas exploration has fallen dramatically - oil and gas companies have essentially been 'fat-shamed', are now the new Big Tobacco and are uninvestible (see ESG Orphans). Added to that, higher interest rates raises their costs. The Energy Crisis of the 1970s saw an exploration capex boom which came online at the end of that decade. We are not going to see that now and green alternatives are not going to plug the gap. All the while global energy consumption grinds higher.
Anyone that thinks Russia is the only reason for high energy/gas prices in north america is severely mistaken. look locally for your reasons as well as to inflation. if you need the reasons just ask, if you cant figure it out for your self.
Let’s not fight over oil (nord stream war) Instead, let connect more across nations, make goods cheaper, make living more affordable, environment cleaner, and climate livable.
10:22 Take attention to psychology on this part. And take attention to the logic at play here: It starts by blaming Europe for having 55% of its natural gas coming from Russia, saying it did not diversified supplies, and then chides Europe from getting natural gas (LNG) from other sources because it raises natural gas prices globally: The Economist is essentially saying Europe shouldn’t get natural gas from Russia, shouldn’t get natural gas from anywhere! This in an open natural gas market! The attempt to guilty Europe won’t work. But there is more. Heard this week in Bloomberg that USA LNG export gas is having a glut of supply, so anyone over the world can go and buy there.
they are being chastised for not doing it pre invasion after they were told to do so. so bc they didnt listen and werent smart their stupidity and lack of forethought is having negative consequences for others at no fault of their nown. bit more nuance than your dim analysis.
@@pf887 There’re no “others at no fault of their own”: same foresight could be pinned for others. Plus you’re ignoring economics and supply side shock, this independent of time.
Nobody is talking about the complacency of continuing to use energy as if it's an unlimited resource. We are automating more and more - activities humans once did, now require fuel consumption. Data and cloud servers. Phone+ipad+laptop = charging. How can this all continue 'business as usual' amid an energy supply shortage? There needs to be a rethink on fuel consumption per capita and why we can't use significantly less. Is going back to slow and manual too out-of-the-box now?
I am not sure any of these lesson are as relevant today. The USA learned to frack. This changed the market a lot. No one can provide it as cheap as Russia did. This was a mismanagement issue by Germany and the Eu.
Highly recommend Helen Thompson’s recent book “Disorder” which essentially looks at modern (economic) history with a focus on energy and fossil fuels. Absolutely brilliant book. But buy a notepad and a map with it!
I’m sorry. Bulgaria and Poland was the finest cut off by Russian dictatorship. Bulgaria is importing gas from Azerbaijan via Greece and the new pipeline builded, also LNG from USA via LNG terminals in Greece and Turkey as Turkey forbid this type of ships to cross the Bosporus
This nation is not energy independent; it is still importing oil from other countries. This nation does not want to be energy independent either. Not as long as it is dependent on oil.
By Europe you mean Germany. Portugal will have 86% of its energy supply from renewables by 2026. France has long invested in Nuclear Power and most of Eastern Europe has long stopped being reliant on Russian gas due to political and historical reasons.
That’s why there is a crisis, because we are at the inflation point of energy shift. Now more than ever, humanity need fossil fuel to produce almost anything in the world. Yes, it is a crisis!
This also depends on a country’s industrial base and industrial type. Some industries have natural gas as input materials, and some need it in order to achieve the heating necessary to work (like glass industry). Portugal doesn’t have same level of industry in economy. It’s more agriculture and services (of which tourism is more significant).
We waste a lot of energy in the United States. We created a high energy consumption society with 100 million cars and suburban sprawl. We just vent or flare off many billion tonnes of methane gas from our oil and gas wells annually. Mass transit would be a better investment than EV's.
Aprendi hoje o que aconteceu em 1973 ...mas o que se estabeleceu a partir desse ano?!!! Apaga-se o fogo quando a casa está a arder?! A crise energética acontece ...porque pensaram sempre que os recursos eram infinitos e não houve investimento ..bem como os alertas dados pelos cientistas foram ignorados!! A energia não está em crise energética ..não será a humanidade é que está em crise histérica?!! O que nos trouxe até aqui?!!
@@00FireFlyer00 Most people don't realise that Russia has 'controlled' Ukraine for 1000 years. Is he wrong to ensure that continues or should he allow nato weapons to move in? What would you do?
How about a free market solution to energy? Get the governments and "think tanks" out! That might work. Maybe free markets have solved pricing and shortages issues in the past (which is what free market economics is designed to do!) . . just a thought.
With oil, you can stop wars. Country that goes to war should pay 50% above market price for as long as it is at war or for a year after it stops its attack and if the Country that produces oil then 100% sanction on oil sales from the oil producing Country at war. I believe if this was adapted, then wars will be the thing of the past
Politics cause famines and countries economies to crash. Let’s get better politicians with more cooperation approach will prevent economic crisis such as the one we are living now
Should we not find out who actually blew up the Nord Stream and put pressure on EU? We can not randomly forget why random incidents happen and everyone holds one party responsible for.
The greatest danger is not planning how to achieve the transition off of fossil fuels. Those that think this can be done in 10 years or even 20 years are delirious. A new report suggests it would take 10,000 years at the current rate of lithium production to produce enough for the next 30 years. Nickel and copper are even longer. Some rare earth metals are even longer! And all this is happening during a time when the baby boomers are leaving the labour market in record numbers and the new generation that will replace these mass vacancies in 20 years is the smallest in history!! Governments who are "all in" for climate change will suffer significant consequences. The Trudeau government is one such government.
In 1973 I sat in a gas line. My response was to buy a tiny Honda Civic. Problem solved. Now that the US. has built a fleet of behemoth vehicles how soon will those owners realize that the mpg of their vehicle puts them in financial jeopardy?
If the government really didn’t want this issue to exacerbate to a national level they could have easily instituted buses or other means of public transport. The fact that they haven’t and likely never will speaks volumes about America and it’s fiscal system.
I invest with Mrs. Carrie Coghill too, she charges a 10%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
Amazing I also just started trading with Mrs. Carrie Coghill, she is the best at what she does with an initial investment of $1400 i made up to $3830 in just 2 week of trading with her, her strategies are mind blowing.
End your personal dependence on oil and take power away from the dictators I have little sympathy for people who drive huge vehicles that could get by with fuel efficient vehicles but you have personal responsibility for your actions so enjoy paying more. The electrification of everything is happening and we could have had a better outcome if we started 30 years ago it’s time to put the screws to the fossil fuel industry by putting up a few solar panels and or drive less
Also worth noting the difference in population was 3B compared to the current 8+B and the energy required to meet the needs of that many!
Regina 🤔 Humans in action without real connection.!😒
And fresh water is becoming the new gold coin
@@anpsver09 fortunately nestle has our back and Coca Cola- maybe smartwater, they seem to know a recipe for making it?
Doesn’t matter what anyone teaches us, we humans will never learn.
Then y do people send them to school
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Categorical statements such as this are totally ridiculous.
Speak for yourself
Crisis always starts from greediness, jealousy, hunger and revenge.
What it really shows is how accustomed humans have become to the conveniences and luxuries that energy brings us. So much so that we've allowed others to weaponize it against us. And we think it's a "right" that we're owed.
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Jimmy Carter tried this line and lost an election. When looking at energy policy you have to assume maintaining American levels of consumption.
@@Jonpoo1 And Americans have only grown fatter, more entitled, and stupider since then.
🤣🤣🤣🤣 Americans cannot survive without airconditioner
Yes, you have a fifth amendment right to your property, including the energy you consume. No government can take that away from you.
Energy is a weapon like media and global financial institutions
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Economist used to be a respected unbiased independent publication. Energy crises is the outcome of collective West sanction and Green energy car crash transition
We had 50 years to get something done scientists said. That was 50 years ago.
same with global warming. ppl knew it for decades did nothing and soon its gonna be too late to wake up
The truth.Why is there no report done on this? Shell gross profit for the twelve months ending September 30, 2022 was $99.493B, a 81.02% increase year-over-year. Shell annual gross profit for 2021 was $72.5B, a 79.66% increase from 2020. Shell annual gross profit for 2020 was $40.354B, a 42.62% decline from 2019
And their costs?
@@ketsan -->profits not revenue
@@ketsan Profits = revenue - cost
The other question is with these record profits and knowledge of the climate crisis since 1970 (53 years) what has it done to invest in renewables? Shell talks the talk but doesn't walk the walk. Their non fossil fuel investments are like 1.5% of their profits. It's abysmal.
The Inflation reduction act and infrastructure bill both helped fund recarbonization assistance at the consumer level. The government now gives homeowners 6k for replacing gas and oil burners, 3k for electrical panel heavy ups, 2k for electric vehicle charging station installations and several thousand for solar rooftops. Thats JUST grants, not even the tax write offs. If you hate SHELL, ditch SHELL. Also, if you want a fossil fuel free transport option better and more flexible than electrified public transportation, look at the Energica Ribelle 100% electric motorcycle. Can park it anywhere, never pay for gas, never pay for parking and never again do I have to visit a Shell gas station.
I pray for everyone
That we can be manipulated and lied to.
It should have taught us not to elect mediocre and corrupt polititians to handle it, but … give the people what they want!!
Excellent video. Also love the transition graphics 👏👏👏
I don’t think this is totally current anymore? I don’t think Russia is any longer making more money on its oil
That is the great thing about math. Numbers don't have opinions. You are just wrong.
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@@hewhohasnoidentity4377 I also read from other news sources that they get less money for their oil than they used to.
It disturbed me a little that The Economist now says sthg. different, I thought they are have high standards of fact checking.
This is wonderful video and I enjoyed every part of it
And the question that always comes to our mind is: How about nuclear energy? It seems to be the answer for our future for many. Our crew recently prepared content to explain why nuclear might be the answer, but there are many complications around it before we can fully embrace this solution.
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Thorium Nuclear power is a reasonable source of energy. From what I have researched.
No nuclear energy is not the answer. a) its massively more expensive than any other generation in the order of 10x solar. b) It cant be built to scale as we lack the skilled manpower and time to meet Climate change needs. c) u235 supply is limited so it aint going to fly.
Nuclear is absolutely part of the answer, although it takes decades to ramp up production.
Russia has the biggest uranium enrichment capacity, to build it up in the West would need time.
Kazakhstan is the biggest producer of uranium, Russia marched in there a few years ago when there was some turmoil in that country.
Nuclear reactors need radiation hardened alloys in their core which requires exotic metals. That'd create bottlenecks like what we see today with cobalt and Li-batteries for example.
Yes, nuclear is going to be an important energy source in the future, I have no doubt about it. But it won't be "The Answer" to our future energy needs.
Instead of trying to find a silver bullet solution we should rely on a diverse source of (relatively speaking) clean energy in my opinion.
People chose to buy huge land yachts then accuse OPEC and Big Oil of gouging them.
Great content, thanks
I thought they called it an oil crisis back then.
Putin did not throttle gas supplies. Unknown persons blew up Europe's gas pipelines is what happened.
This energy crisis started before the war by the energy companies price gouging.
1973 energy crisis taught us that people are inherently alarmist. It's endemic.
The world is heading toward the Fallout universe: energy crisis, wars over energy, nuclear fusion, potential chinese threat, and a slow-burning recession.
I tend to disagree, we've had serious destabilisation before. Look at the preludes to WW2 for an example. It's nothing the West can't handle; we've been there before and we overcame it before.
There's a slow-burning recession in the Fallout universe?
@@pyujeh6207 might've been a steeper recession, I gotta check the lore
@@MapleovBacon who cares of the world
Need to add competition for food and land pushed by changes in climate. Should be interesting
"Human trafficking is a fungible global commodity, every human is connected with every other human, even if there are some minors differences, basically human trafficking will get to market as long there is demand"
Arguments feel right from a certain perspective, but let's not forget that using the market demand rhetoric is a sharp dangerous double-edged sword.
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What a shame we didn’t start transitioning to renewables back then
I remember it well. The oil crisis of 73 ,it gave impetus to the embryonic renewable energy movement.
It was not profitable. That was the only factor. Harsh reality that cannot be undone.
Until you have big cheap storage 'renewables' are not worth it.
This fixation with climate change coupled with traditional "green" anti-nuclear advocates particularly in Europe have contributed significantly to the war in Ukraine. Germany would not have become dependent on Russian gas had it not wasted money and research resources on solar power (in a part of the world with very little sun) and planned to close it's remaining reactors. These poor energy policies empowered Putin and have funded his invasion.
Where else was Germany supposed to get its energy? Without Russia it would have had to go green faster.
Then you would have undoubtedly been saying “why not get energy from Russia? The green transition is so expensive. German liberal greens hate the real working people.”
@@Jonpoo1, I have already mentioned the decommissioning of the nuclear power stations, the Russian natural gas procurements were ramped up to offset these closures and those of the coal plants.
Germany under Merkel invested billions in pipelines that made its economy Increasingly dependent on a specific energy source from a single supplier. This single supplier also constituted the single greatest threat to European security.
If natural gas was the preferred solution than why not invest in LNG ports rather than Russian pipelines? this would have enabled Germany to purchase gas from multiple suppliers.
Why not keep the nuclear stations online or build new ones? This option produces little air pollution and uranium can be sourced from many countries.
Solar works well in places like southern Spain but there is not enough sun in Germany to be a viable solution.
@@toddbrackett4277 Yes, exactly. Germany closed 16,600 megawatts of clean nuclear electricity since 2011 for purely political reasons.
@@gregorymalchuk272, I don't mean to single out Germany, most of the West has made poor decisions on energy policies in the past few years that have benefitted Putin’s war.
There is no doubt that Germany failed to ensure it had energy security but then the United States did exactly the same thing in the 1970's. The important thing now is that Germany and indeed the rest of Europe make the necessary changes required to maintain energy security and at the same time remain focused on the Green transition. I believe a rapid resolution of the war in Ukraine would help stabilise the world economy and result in some reduction in wholesale oil and gas prices.
So you are saying that Oil that was provided to Europe or USA is still getting through and somehow, Russia makes even more money. How is it possible if the amount and demand is, most likely, the same, but the price that "middle man" pays to Russia is much lower?
that's called UK bios
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We don’t need to be energy dependent, yet we insist on policies that encourage it.
This is a really informative video and has helped me so much thanks 🙏
We added solar to the house and sized it to power an EV and take us essentially off grid once save up enough to add batteries. The idea is to pay for the system now, while we are earning well. As it pays itself off, we will no longer be paying for power for our home and car
N6t
In my opinion, this is a very educative video, it has addressed the current affairs globally I can say. As the year is still young,one can use this knowledge to make financial decisions for their resolutions.
Blah blah !
How is your year going? Its almost up
Powerful video
MUITO BOM ESTAR INFORMADO! BOM DIA!
One of the biggest differences between now and the 1970s is that capex in oil and gas exploration has fallen dramatically - oil and gas companies have essentially been 'fat-shamed', are now the new Big Tobacco and are uninvestible (see ESG Orphans). Added to that, higher interest rates raises their costs.
The Energy Crisis of the 1970s saw an exploration capex boom which came online at the end of that decade. We are not going to see that now and green alternatives are not going to plug the gap. All the while global energy consumption grinds higher.
Anyone that thinks Russia is the only reason for high energy/gas prices in north america is severely mistaken. look locally for your reasons as well as to inflation. if you need the reasons just ask, if you cant figure it out for your self.
Biden is the reason for the high gas prices of today.
Let’s not fight over oil (nord stream war)
Instead, let connect more across nations, make goods cheaper, make living more affordable, environment cleaner, and climate livable.
Man’s greed is the problem.
Great video.
Германия помнит низкие цены на газ от России ,это преимущество Перед ценами от США У США они завышены в два раза ,вот и думайте кто кризис создаёт.
10:22
Take attention to psychology on this part.
And take attention to the logic at play here:
It starts by blaming Europe for having 55% of its natural gas coming from Russia, saying it did not diversified supplies, and then chides Europe from getting natural gas (LNG) from other sources because it raises natural gas prices globally: The Economist is essentially saying Europe shouldn’t get natural gas from Russia, shouldn’t get natural gas from anywhere! This in an open natural gas market!
The attempt to guilty Europe won’t work.
But there is more.
Heard this week in Bloomberg that USA LNG export gas is having a glut of supply, so anyone over the world can go and buy there.
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they are being chastised for not doing it pre invasion after they were told to do so. so bc they didnt listen and werent smart their stupidity and lack of forethought is having negative consequences for others at no fault of their nown. bit more nuance than your dim analysis.
@@pf887
There’re no “others at no fault of their own”: same foresight could be pinned for others. Plus you’re ignoring economics and supply side shock, this independent of time.
As doubt was used tobacco corporations to buy time and avoid regulation. Hope is the new marketing campaing to do exactly the same.
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Nobody is talking about the complacency of continuing to use energy as if it's an unlimited resource. We are automating more and more - activities humans once did, now require fuel consumption. Data and cloud servers. Phone+ipad+laptop = charging. How can this all continue 'business as usual' amid an energy supply shortage? There needs to be a rethink on fuel consumption per capita and why we can't use significantly less. Is going back to slow and manual too out-of-the-box now?
I am not sure any of these lesson are as relevant today. The USA learned to frack. This changed the market a lot. No one can provide it as cheap as Russia did. This was a mismanagement issue by Germany and the Eu.
'Unprovoked' 😂
Highly recommend Helen Thompson’s recent book “Disorder” which essentially looks at modern (economic) history with a focus on energy and fossil fuels. Absolutely brilliant book. But buy a notepad and a map with it!
I’m sorry. Bulgaria and Poland was the finest cut off by Russian dictatorship. Bulgaria is importing gas from Azerbaijan via Greece and the new pipeline builded, also LNG from USA via LNG terminals in Greece and Turkey as Turkey forbid this type of ships to cross the Bosporus
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The US has made many sacrifices to legitimize Israeli aggression in Palestine. Finally they succeeded in establishing the colony.
This nation is not energy independent; it is still importing oil from other countries. This nation does not want to be energy independent either. Not as long as it is dependent on oil.
By Europe you mean Germany. Portugal will have 86% of its energy supply from renewables by 2026. France has long invested in Nuclear Power and most of Eastern Europe has long stopped being reliant on Russian gas due to political and historical reasons.
That’s why there is a crisis, because we are at the inflation point of energy shift. Now more than ever, humanity need fossil fuel to produce almost anything in the world. Yes, it is a crisis!
@@SinkLikeStone no, we don't. We could fully transition to renewables within five years, we just don't do it because of politics.
@@adrijobecq hilarious
This also depends on a country’s industrial base and industrial type.
Some industries have natural gas as input materials, and some need it in order to achieve the heating necessary to work (like glass industry).
Portugal doesn’t have same level of industry in economy. It’s more agriculture and services (of which tourism is more significant).
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Great year..my birth year so 50 this February...
We waste a lot of energy in the United States. We created a high energy consumption society with 100 million cars and suburban sprawl. We just vent or flare off many billion tonnes of methane gas from our oil and gas wells annually. Mass transit would be a better investment than EV's.
Americans don't spell tons like you do. Are you really from the US?
It can teach you that in 8 years gold will be 43000$ per ounce.
Yes and the minI embargo in the late 70s filling up your gas tank every other day!!
What about the domestic price control measures implemented months before the embargo that created artificial shortages?
High quality video, video explain a lot and I understand a lot def one of your best post this 2023
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Aprendi hoje o que aconteceu em 1973 ...mas o que se estabeleceu a partir desse ano?!!! Apaga-se o fogo quando a casa está a arder?! A crise energética acontece ...porque pensaram sempre que os recursos eram infinitos e não houve investimento ..bem como os alertas dados pelos cientistas foram ignorados!! A energia não está em crise energética ..não será a humanidade é que está em crise histérica?!! O que nos trouxe até aqui?!!
Back to the 70s...
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This is really sad that millions of people have to suffer cause of one person
One person?
its never one person. putin is just the one u get to see but u dont get to see the ones who he work for
@Bronze Shield i dont know how u got that idea what i said was its never just 1 person pulling all the strings. u cant be that delusional
@@00FireFlyer00 Most people don't realise that Russia has 'controlled' Ukraine for 1000 years. Is he wrong to ensure that continues or should he allow nato weapons to move in? What would you do?
Россия создатель Украины.Украина это Киевская Русь ,это история России (СССР (
Love all people
"Unprovoked"... In the first opening second. 🤣😂🙃
Thank you for the video! Very interesting!
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How about a free market solution to energy? Get the governments and "think tanks" out! That might work.
Maybe free markets have solved pricing and shortages issues in the past (which is what free market economics is designed to do!) . . just a thought.
With oil, you can stop wars. Country that goes to war should pay 50% above market price for as long as it is at war or for a year after it stops its attack and if the Country that produces oil then 100% sanction on oil sales from the oil producing Country at war. I believe if this was adapted, then wars will be the thing of the past
The only way to enforce such a policy is with war or the threat of war.
Why does the main stream media keep saying over and over "ït was unprovoked." They doth repeat themselves too much.
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I'm sure Russia really got their feelings hurt when they saw Ukraine sitting around not doing anything.
We should learn from Denmark and switch to bikes!
Why
Correction-
Russia is willing to sell to anyone at market price at russian currency
But It ia EU was refused to buy russian oil and gas
Need an update for this video because it age the it was presumed initially
Those times are different mankind is not dependent on energy this much for daytoday life and our population want this huge ..
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Nuclear is obviously the cleanest choice, but why are they avoiding it?
But unlike now.. we have high inflation cause gas price surge 400%.. and many beggars on the road now..
You don’t drive massive, inefficient gas guzzlers.
Politics cause famines and countries economies to crash. Let’s get better politicians with more cooperation approach will prevent economic crisis such as the one we are living now
So what's your solution then?
Should we not find out who actually blew up the Nord Stream and put pressure on EU? We can not randomly forget why random incidents happen and everyone holds one party responsible for.
The greatest danger is not planning how to achieve the transition off of fossil fuels. Those that think this can be done in 10 years or even 20 years are delirious. A new report suggests it would take 10,000 years at the current rate of lithium production to produce enough for the next 30 years. Nickel and copper are even longer. Some rare earth metals are even longer! And all this is happening during a time when the baby boomers are leaving the labour market in record numbers and the new generation that will replace these mass vacancies in 20 years is the smallest in history!! Governments who are "all in" for climate change will suffer significant consequences. The Trudeau government is one such government.
In 1973 I sat in a gas line. My response was to buy a tiny Honda Civic. Problem solved. Now that the US. has built a fleet of behemoth vehicles how soon will those owners realize that the mpg of their vehicle puts them in financial jeopardy?
It was totally provoked.
See the dynamic of WION at 0:25 and with Palki at 1:26. It's a loss for WION
I love your guys videos huge fans of you guys and love from Nepal
is it possible that oil price will soaring to 100++$ per barrel for a long period of time?
If the government really didn’t want this issue to exacerbate to a national level they could have easily instituted buses or other means of public transport. The fact that they haven’t and likely never will speaks volumes about America and it’s fiscal system.
Which government?
My mum and I consistently earn massively on our investment. Curtsy to Mrs Carrie Coghill, her set skills are amazing.
I invest with Mrs. Carrie Coghill too, she charges a 10%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
This is not the first time i am hearing of Mrs. Carrie Coghill and her exploits in the trading world but i have no idea how to reach her.
You can communicate with her on telegrm via
© Carriecoghill
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now recalling 1973? in 2073 will you ask what can 2023 teach us?
Yes, diversification of energy will lead to smart use of resources... Less waste and more investment into development of energy plants 🐛
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@@Write_me_on____The_Economist01 thank you, how to claim your prize?
2020 as depressing as the 1970s. Oh dear.
It's almost like we need some sort of "alternative energies" instead of solely relying on fossil fuels as our only energy source
Each country should have two capitals. One winter capital and other summer capital. PM of England will operate from Greece.
End your personal dependence on oil and take power away from the dictators I have little sympathy for people who drive huge vehicles that could get by with fuel efficient vehicles but you have personal responsibility for your actions so enjoy paying more. The electrification of everything is happening and we could have had a better outcome if we started 30 years ago it’s time to put the screws to the fossil fuel industry by putting up a few solar panels and or drive less
You lost me at climate change
You mention the nuclear power as an alternative option; what did Chernobyl and Fukushima teach us ?
Gas is cheap at the pumps last 25 years min wage rose 2x and so did gas but food rent or housing that up 3 x and 4x😢
Dear economist:I invented an Aero Hydromag Thruster, wanna publicise it?
So little info for 15 mins
Modular nuclear reactors!
Unprovoked lo
Exactly. Russia really got their feelings hurt when they saw Ukraine sitting around not doing anything.
In India we are buying gas cylinder at 1200₹
Quasimodo predicted all this
100,000 dead? Wrong! 18,000 dead.
Very interesting lesson on the history of oil and how it effects economies.
How did you waste that much time on the topic with out mentioning that the US has become energy independent since the 70s?
The big question I have after watching the video is: Why do her eyebrows have different colors?
I’m my opinion this is a very educative video