The Europeans Are Having Some Gas Problems || Peter Zeihan
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- Опубліковано 26 чер 2024
- Europe has been taking a beating lately, from economic issues to demographic problems, but there's a new one on the horizon. When the Ukraine War wraps up, what will the European energy situation look like?
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#energy #gas #oil #lng
Divesting from nuclear power was such a huge mistake.
Merkel again, she has her fingerprints all over immigratiion crisis, nuclear and ukraine
This
Well optimally we would also need to withdraw from the nuclear non proliferation treaty as well.
Some countries have done so. Not all. Like we finns keep building more and sell energy to others.
Upfront cost is a lot higher than gas power. Easier to build gas power plants, capital wise.
The Italians built 80% of a new nuclear power station and then voted to ban nuclear in a referendum in 1987, after Chernobyl. They were responsible for building Slovakia's new reactors, but eventually left the hugely delayed over-budget project.
Thorium Reactor, the heat used from that is so plentyfull that it can get converted to synthetic fossilfuels
anyone voting to ban nuclear rather than develop it to be safer is an absolute clown. It's really sad, because there are reactor designs now that are more or less fail safe.
@@Ruben-li4dt safety is less of a concern that plain old economics.
@@idiottv6499 nope, actually, safety is the óne thing móre important than plain-old economics, although they definitely help one another grow stronger...
@@idiottv6499 you can't worry that a plant máybe is going to fail if you compare it to PFAS in the solar power panels always generating certain death for people in the production area.
Italy has its own gas resources in the Adriatic see. The wells where closed down because of cheap russian gas import but Melonis governemnt is trying to have them up running again.
just buy Russian gas
@@truthmonster3290what could possibly go wrong with that
@@rd0676 That's a Russian bot who wrote that
@@truthmonster3290 That is if Russia agrees!
@@truthmonster3290 Only after the war in Ukraine is over.
The occasional disagreements (or more usually disappointments) I have with Zeihan broadcasts are completely *swamped* by my deep appreciation for the upside of broadcasts that bathe the public in information about geopolitics and the world economy. There's no shortage of people with simple narratives trying to focus our indignation on their favorite villains. But the world is a complex place and voices like Zeihan that inform us about the complexity are very rare compared to the tsunami of low-information narratives with axes to grind. Thankyou, Mr. Zeihan for reminding us that we can't enjoy a complex modern politicaleconomy without taking an interest in how it works.
Well said! 👏
Amen. So tired of the fox ,CNN ad nauseum outlets spewing fear mongering tripe.
I appreciate him, but his analysis on Italian situation was... I don't know. He did not consider that our second largest gas provider is Azerbaigian, which is way more stable than Lybia. Consider three gas sources via pipeline (Algeria, Lybia, Azerbaigian) plus the new LNG facilities we put in place offshore, I don't really see the need to intervene in the hot mess Lybia is nowadays.
You might find Heather Cox Richardson as enticing.
So few people, even those allegedly well informed, have the high altitude, big picture that Peter provides.
As an Italian I want to confirm the construction of a lot of solar and wind farms during the last years.
Yes, it's easy when you pay for it with EU money.
In the near future: Can only drive your car when it's sunny or windy.
Until there is a better method of storage for wind/solar, it will only ever be a subsidiary power source
That must be the reason that prices only increased a little this year and I have noticed many more solar and wind farms this year in Calabria.
and thats from china
Lion of the Desert (1981) with Anthony Quinn and Oliver Reed. It's a movie about the Italo-Libyan campaign from the early 1930's. The actual war started in 1923. The movie is about the life of Libyan guerilla leader Omar al-Mukhtar (Quinn) and Italy's military governor General Rodolfo Graziani (Reed). Rod Steiger plays Mussolini. Highly recommend the movie.
And the critically-acclaimed "The Battle of Algiers", Pontecorvo's 1967 mockumentary about France's dirty war against the [it must be said, also dirty and terroristic] 1950s uprising in its soon-to-be-former colony. TBoA scores a 10/10 for verisimilitude despite having been scripted and acted like most movies -- but extremely well and historically accurate.
Decoupling from nuclear power is a blunder that major European nations couldn't afford. Given that nuclear power is relatively stable and efficient, supplanting it with gas is very pricey which would overwhelmingly drive up the living costs.
wrong
Free solar and wind energy. Yes free 😂
@@gruffelo6945wRoNg
& you completely ignore what to do with all the tonnes of spent fuel 🤣
You completey ignore the fact we've sorted the issue of waste storage ummmm decades ago? 🤣@@zetectic7968
It will be a very unpleasant winter for many European countries this year. Its even worse when you dont have enough saved up. At this point, the thoughts of retirement scares the hell outta me. Its been a really bad year for me and my investments. The market conditions these days are really causing me a lot of stress. I'm worried this could put a wrench in my retirement plans. Exhausting!
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
@@KemmerlingKrebsbach I know this financial advisor; (Abby Joseph Cohen Services), but only by reputation. I have been trying to get her contact information since I saw her on CNBC last month
I know Abby Joseph Cohen Services, the financial advisor, thanks to her strong reputation. After seeing her on CNBC last mnth, I've been searching for her contact info.
I know Abby Joseph Cohen Services, the financial advisor, but only by reputation. I caught her segment on CNBC last month and have been looking for her contact details eversince.
I know this Abby Joseph Cohen Services but only by reputation. I have been trying to get her contact info since I saw her on CNBC last month.
Problem is that Europe continues to buy NatGas from Russia, but unofficially ie through a middle seller
After a certain age everyone has gas problems
The danish Tyra natural gas field just came online again after extensive rebuilding and maintenance. While not a big field, it might help alleviate some, through the transition to other sources.
alleviate?
@@sadjaxx Aye, thx for pointing it out. Shite happens when typing faster than the brain can think in this heat 😂
Apart from all, you mic is top notch. Wherever you are, it sounds crystal clear!.. now back to the topic ^^
Unless he is at home, then it's the worst quality possible.
I have the impression that Peter, or whoever works on video production, might be using a tool like Adobe Podcast AI or something similar to improve audio quality. Anyway, this is just my guess.
I stopped eating onions and chilli and all my gas problems here in Europe cleared up.
Nuclear isn't the only option for Italy, or for Europe. Geothermal is also an option with these new technologies coming online. Italy has access to hot rock not very deep at all, in fact has volcano's and at least one super volcano they could tap with Iceland's help. All of the EU could take advantage of the new geothermal technologies if they would provide some minimal (compared to bringing nuclear online) funding and aggressively removing regulatory hurdles. Fervo Energy already has working plants, and are working on bringing gigawatt level plants onstream. With some funding Quaise could also be a viable option for countries that do not have hot rock available to tap. The EU just needs to start thinking outside the box for the solutions to their issues with providing clean peaker plants IMO.
No mention of the pipelines into Spain from the Maghreb. Also LNG exports to Europe from Latin America (Peru notably has the only LNG export facility in the whole of LAtin America and from the Caribbean notbaly Trinidad and Tobago). Are they filling in demand ¿?
I thought this was going to be about Denmark taxing cow farts.
there, you are wrong
Nonsense. They're going to tax oxygen first.
Are they really doing that ? If so, what are the political parties involved in such a decisiion ?
@@adwarfsittingonagiantsshoulder The ones who will lose elections.
@@adwarfsittingonagiantsshoulder The wording here is a bit misleading. Denmark did implement a tax on cows and the reason is that they emit methane (due to enteric fermentation) which contributes to global warming. However, most of the methane from cows come from burps, not farts. Also, I think the tax is just a flat amount per cow per year. The precise amount of methane emissions isn't measured (or at least I think it isn't but I'm not 100% sure).
What about the Southern pipeline from Azerbaijan, going through Georgia, Turkey, and Greece into Italy?
We don't talk about that here... The same pipeline is delivering gas from Central Asia and even from Russia bypassing Ukraine.
Thanks Pete 😊
Thank you for making a video while not hiking and being completely out if breath.
Thank you for the information.
I am so glad I found your channel Peter. Thank you.
As I know Peter, it is probably Peter that found you and NOT you that found Peter
I helped the EU focus attention on the Eavor Geothermal company, and they have their first full scale plant coming on line in Germany soon. The BIG advantage this company has is the closed loop tech they use and NOT needing underwater water sources (or needing to frack to create that!). If this project works I expect to see other plants come online over the next decade.
"works" and cost competitive are two different things
Hopefully this may speed up the development and implementation of the newer, smaller modular type reactors that resemble gas fired plants in size and can be built in a much shorter time frame.
Always enjoy your videos. Looks like a pipeline from US to Europe would be worth thinking about ? And/or, you didn't mention Norway ? Thanks.
That's no problem at all. The only question our politics needs to answer is: Who the hell is paying for the change? At the moment the rich people are once again in an agreement. That the poor should pay. - It's a shame that only the surface is discussed and the underlying motives are never mentioned. As always, it's all about power and money. Technical obstacles no longer exist.
The Canadians are upgrading the export capacity of LNG at kitimat. Prob is the Italians have almost no shore receiving/storage infrastructure.
In this moment we have four offshore facilities working. One more will be completed in 2025. We have almost a dozen sources of LNG, spanning from Egypt to South America to the US. That's why this analysis left me perplexed, to say the least: we are not in a bad position at all, we don't really need to intervene in Lybia.
Thank you.
Benvenuto! 🤗
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation and invest.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad
You're right forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.
I started so little withjust $2,500 because I was skepticalabout investing,but fortunately now Iregret not starting big
It's always a honor to have Jason. here as a mentor, I appreciate him for the time being spent to educate me financially. Regardless of how bad it gets on the economy, I still make over $28K every single month. I truly value Jason graystone fx. and is helpful guides.
Expert Jason. Indeed, Jason Graystone fx. has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided
You are missing a few important details. There is pipeline project between Nigeria which has the largest gas reserves in Africa and Morocco going through many countries which have discovered massive amounts of Gas reserves like Senegal and Mauritania. Also, there is no way Italy can occupy libya and sustain it due to the history of the Italian occupation of the country. The US couldn’t do it for Iraq and Afghanistan what makes you think Italy would succeed.
What's important is whether the Italians would think they could succeed.
Thanks Peter
Interesting report. Regarding the replacement of pipeline gas with LNG - don't you think that one of the main issues here is the comparatively low EROI of LNG ?
Almost 8 minute long video and you did not mention anything about the biggest European supplier of oil, gas, water power and lng: Norway ... well done ...
water power?
@@jeebusk I guess TS means hydro power. Hydro is greek, and means water.
Great Info
I enjoy your brief everyday as I sit on my throne wondering what the world is up to :your one of the best eco speculator there is ,in my opinion I say good morning from the middle of Vancouver island British Columbia Canada
This guy has the best show on Disney plus. I think he goes to different continents and explores them on foot crossing mountains, lakes and rivers. Super cool dude
Italy has a great potential for geothermal energy, due to loads of tectonic activity in the area, these plants can also be built rather quickly (compared to nuclear)! Might be a good option as well.
As a Dutch person I was astonished by the title, but seeing the video I guess you mean Italy? Ofcourse Italy can't also build extra LNG facilities like Germany did, instead of invading another country 😆😆
Same - we have already put in place three LNG facilities offshore, plus he forgot to mention that our second gas source via pipeline is Azerbaigian, so we have three sources via pipelines plus some more via gas tank ships. I think that we can safely avoid to invade Lybia, we already did it once and it did not end well...
@@4Fun-xu3xh yeah maybe all that delicious italian wine has gone straight to his brain
@@playea123 Peter sometimes states opinions as if they're facts but does at least try to give us a different view of the world.
@@TexasRiverRat31254 ehhh I can’t trust an analysis from someone like that. I get what you mean though
or build solar farms... It's not like Italy has sunny weather at all...
Geothermal via fracking is rapidly becoming an alternative. Correct me if I'm wrong, but I think the Italians have some geothermal hot spots. They shouldn't have to drill too deep. 🙂
I don't know why Peter forgot to mention Italy imports natural gas via pipeline from Azerbaigian. Again, not really a stable place but still, once you have in place three sources via pipeline (Algeria, Libia, Azerbaigian) plus some more via gas tanker ships... we are not in a really bad position, as in case one of our source becomes too unstable we can rely on the other ones, so I don't really see a massive intervention in Lybia as really needed for Italy.
“If your alternative is invading Libya…” 😂
Same old, same old… 😅
@@jakobfromthefence Yeah, but Italy isn't the US, and wars are expensive. No way to be sure if they could do it and actually end up with a stable gas pipeline.
@@Leto2ndAtreides
What is now Libya was an Italian colony 1911 to 1943.
Italy wanted to keep the colony after WW2 but had no success
@@Leto2ndAtreidesEven if wars were not expensive, invading a country just because you feel like it and want what they have shouldn't even be on the table
Our species really needs to outgrow our impulses around conquest. Unless you're defending your own country, there should be no reason to barge into another one.
Right? As if Libya has suffered enough at the hands of these white devils.
Greetings from China, Peter. Big fan of your work! When do you plan to write another book?
He mentioned in some previous video from this year that another book is inc., but without any details.
Italy has so much Geothermal, which is so much cheaper and more viable that it now looks like quite a lot of countries, not only those as blessed as Italy, could use it to power most of their energy needs. Realistically, Italy's Geothermal potential is highly underdeveloped, so I think they may do a lot of that. It seems that this is currently being explored by quite a lot of people in many countries, so most people think it is reasonable right now to do that, and the cost and efficiency are improving all the time, making more and more areas really useful in this capacity. People discount this, and I think you should look into it because you seem to have ignored its potential.
Italy! Jeez, you were in Colorado like yesterday...next video, how to use airline miles!
Time and time again, the old mantra of “oh the tangled webs we weave, when our goal is to deceive” comes back to remind us that the world is a dangerous and treacherous place, full of deceit and skullduggery…
If it was only sunny in Italy, then they could use solar instead of nuclear, oh wait…
Great insight again on physics of energy
I’d love to visit this country called “Gutter”.
Why do we have nuclear plants in EU and dont use them?? this is driving me crazy, i lost a home due to energy crisis, and it was all unnecesary?
@krystofon Nuclear is really expensive and costs alot to run. Next question, where do you put them? Are there cheaper alternatives? Find better sources of energy, transform economy to use less energy. These things can be done quickly. Just for the record some Nuclear plants have reached end of life.
Just because you physically have resources, doesn’t mean they’re instantly available for transport or trade.
In the case of Libya, they already have the pipelines, infrastructure and their resources are being traded
Here in Denmark the price of natural gas is well below 2023 prices and haven't moved up the whole year. It's just stayed pretty flat.
What about geothermal energy? Italy has active volcanoes so they have hot rocks near the surface. Seems like that would work?
Time for Europe to start investing heavily in dual-stage closed-circuit geothermal energy.
That is a bigger joke than wind turbines.
@@TenylegMinekez-uc7cowhy is that a joke?
@@kenpe1455 Because of physics. Thermal is pretty usable for heating, but for generating electricity its temperature is too low for being efficient compared to other plant types. And they cost a lot, require lots of maintainance and not even too environment friendly (depending on tech).
@@TenylegMinekez-uc7co look up Eovor they're doing tests in Germany right now. The newest drilling tech can drill deep enough to get to the heat, it's alos clean, not like fracking. I believe geo thermal is the future
@@TenylegMinekez-uc7co Right. I'm surprised that the sort of person who is wedded to a fantasy like that has the attention span to listen to an information-rich video like this one. They want a good story, not a messy complex reality with hard problems..
How is Peter simultaneously in Colorado and Italy? 😂
I wonder what his carbon footprin is
Little Italy in Denver?
CIA expense budget
@@RL.777take the hat off, back away from the screen, take a break, talk to real people aaaasnd relax, deep breaths in two three out two three
@@greabo9544 You fool my net worth is at least a 1000 times what you can imagine and that's me being humble!
Since natural gas is not just a source of power, but a major feedstock of the petrochemical industry, Europe, and particularly Germany, are screwed.
It’s amazing to get this level of analysis for free, which is great because i’m poor.
There is no such thing as a temperature of "negative 300 degrees" 😅.
-273.15 degrees is absolute zero, stopping any molecular movement.
-
From USA, probably using "Formerly British American Freedom Units" .
Zero Kelvin is like -460 Fahrenheit.
@@NullHand459.7 F
While Italy may need to reup their nuclear power supply, it will not be with the clunky 1960s technology. There are now much more effective and safer solutions for providing nuclear power.
L'uranio dove lo prendiamo? Nei paesi Africani come il Niger persino la Francia è stata tagliata fuori da Cinesi e Russi.
nukelar*
@@lee-enfield0247Australia would probably be willing. Also, Russian global influence has taken a nosedive, and will directly upend as soon as their economy finally gives out. Similarly, if China actually goes hot at Taiwan or the Philippines, their global everything is gonna stop. All the money they dumped into their global Belt and Road Initiative would immediately be functionally uncollectable (essentially written off)
You can't influence others when you are unable to move yourself.
@@lee-enfield0247 Russia has the most enriched Uranium (still exporting to the US)
I also have olive, bougainvillea, and jasmine in my front/back yards - but I live in SoCal in suburban USA - not so Italian..but I do like me a good and a spicy meatball!!
Spent two decades in the power industry. Einstein was right: energy is everything and everything is energy.
How can they have an energy problem? They've spent billions on green energy over the last decade.
🤣
Thank God we did - renewable energy covered almost 50% of electricity consumption last month in Italy. PV energy is produced in Italy, so we don't need to rely on foreign, unreliable sources. And it is so cheap that it has brought down the overall cost per kwh. If we did not have it, we would have been doomed during the first phase of the Ukrainian war.
@@tigna7548
That is good news. I mean no disrespect, but I prefer the way we are doing the transition here in the US. We have maintained a highly diverse portfolio of energy sources and do not let go of the old tech before the new tech is in place. A more orderly transition in my opinion.
@paulfay357 I am not really sure what you are talking about but ok.
Can you do one on the viability of nuclear energy in Australia?
Great video!
I think it's very sensible for Italy to get more into nuclear power, especially now that there are very small micro-reactors that can even fit into a shipping container - easy to transport and fast to set up.
Each of those reactors still put out a good amount of power and you can just add more if you need more power.
They don't take up much space either (unlike most windfarms or solar PV farms).
*Nothing* beats nuclear power for a massive amount of energy in a small land area.
FINALLY, he picked a place to be where I am jealous. Reminds me of my so. Cal. home, too bad So Cal turned into a septic tank.
the only reason they "lack the capacity" to compress gas is because they've been using off the shelf solutions, that doesn’t mean they are incapable of developing that capability.
And nothing says they can
@@edsteadham4085Except when they actually do it. Russia has an gas turbine industry.
@@philognosis6409what has gas turbine industry got to do with turning gas to LNG? They don’t actually compress it, they cool it.
maybe invest in heat pumps like the rest of Europe
"invest in heat pumps"
Invest in zero energy houses.
@@williamforsyth6667heat pump, good isolation, solar panels
and from where does the energy for the heat pumps come?
@@hyrize3797 Solar panels on your roof, energy storage devices (either dedicated or old EV batteries below 70% of their capacity when they would have been sorted out anyway) - and if your home's isolation is good, the heat pump does not need that much energy to begin with. Of course, the local grid will need to be adapted so that excess energy on sunny days is distributed equally in storage devices (VW is actually looking into something like that on an enormous scale in Northern Germany right now), so that everyone has enough power for their pumps left. Or you know, you could just ask the Scandinavian countries how they are doing it - they've been using heat pumps for years by now.
@@MrSleepyFox your idear is reasonable, at least in theory. When does you need the heat pumps most often? In Winter. When is the output of solarpanels at it lowest? Right, in Winter. You See the Problem. After a quick research, a average solar panel array could barely power a heat pump for an average family/house, if the house is isolated perfectly and if you have batteries to store nearly every bit of energy, to use it in the Winter months. That doesn‘t make sense and is unreliable.
The german grid would need to be improved on a massiv scale, it is already on it’s last legs in most of the country. The vw project is a thing but still not big enough to power a middle sized City for more than one day, even less and the Winter Problem is still there. Furthermore do not want to know what Happens, if one cell is burning. You can’t put out chemical fires, without destroying the whole array.
To compare Germany with scandinavian countries is always falls regarding energy. They have an aboundance of energy, because of their geolocial conditions. And thus they‘ve cheap energy, in contrast to Germany.
Drunk driving kills. Distracted driving kills. Speed kills. Please...stay safe out there! Value your life...and the lives of others!
The Mountain Valley Pipeline just come online and can provide large infusion of natural gas to east coast of the United States.
So the Italians, who have been flooded by African immigrants, may wind up playing the Uno reverse card?
Italy? Must be a old recording.
Italy is by far the biggest producer of pellet stoves & heaters, that might help for the house heating part, if gas sourcing goes tits up ^^
Coal. We have 1000 year's worth. It is easily shipped, stored and It also can easily be converted to natural gas.
Can you do something on the Philippines - China Second Thomas Shoal conflict. Is it a trigger point for WW3?
He loves China. He never will. Go see the new atlas. He covers it better
Talks about European Energy for 8 minutes doesn't mention Norway. 🤦♂️
Well, we have seen, what happens, when resources get discovered in the Nordics... You folks just vote to not exploit it. Anything Northern Europe cannot be relied upon... or in the Western Europe, for that matter. Netherlands has the Groningen gas field and it's not being mined for gas, because "global warming"
@@looseycanon this is all Chinese/Russian/Iranian/Qatari conspiracy, man :)
I've actually seen Russian agents organise an "anti fracking" protest myself.
China has a general interest in ruining production and social stability in Europe (and USA).
The other countries have even more clear motivation as to why Europe should not be producing energy...
Global warming not real? Is the earth also flat, comrade?
@@looseycanon "global warming" "facts" yep questionable concepts we know.
@@looseycanonwhat are you talking about? Norway has made a fortune out of north sea oil and gas. They've used it to build up one of the world's biggest sovereign wealth funds, unlike Britain where we wasted it all on tax cuts in the 80s
$100 Billion to build a the longest pipeline in history? Think again. In Canada, the existing pipeline from Alberta to Vancouver was just doubled in size, following existing roads, at a cost of $34 Billion. To do a much much longer pipe from Siberia to China through areas with zero existing infrastructure would cost much more.
Canada has huge regulation costs that a Russia/China pipeline would just "mobile execution van" away. But yeah, could easily be more than his estimate.
Norway is Europe's Largest Gas supplier.
worth to mention is that technologies in industry processes (Plastics and other) uses less to no natural gas at all now in Sweden,
The modernization in the industry has got a real boost due to the war in Ukraine.
In Sweden less than 3% is left will be half that in next few years.
A real improvement since the industry started in 1985 it was in times over 20 %
So tech exist but you need to modernize your industry and for that needs the will and funding.
We in Sweden aim to be a fossil free Nation that includes Natural gas.
Italy invading Libya. Do you hear yourself?
maybe invade the states? according to zeihan they got plenty of stuff there.
Well, Libya is practically two countries now. Maybe they can support one side, and make deal for gas and oil.
Rome is getting its gas from Carthage?
Alas, we went heavy-handed last time and there is no Carthage anymore.
You got that right.
Well yeah, going out of their way to ignore nuclear was a really unintelligent decision. Hopefully they're capable of learning from their mistakes and are humble enough to make the right change.
Chinese tofu dreg construction, with a volatile gas? Run for cover!
Canada is developing green hydrogen for export from the Atlantic shore. Germany is rather interested.
There's a French built hydrogen powered train being tested out in Quebec as well.
There's a LNG port in development on Canadas' North Pacific coast, soon to be in operation, in 2025.
The ocean crossing on the Atlantic & Pacific is shorter the further north you go, so Canada has a bit of a shipping advantage.
Until all of a country's ammonia fertilizer is being produced from green hydrogen, all other uses are misplaced R&D and/or propaganda.
The Canadian government has made energy exports from Canada almost impossible. Keep in mind that pipelines have been banned or sabotaged by government regulations and ownership. With the demand from China and their proximity, Kitimat’s LNG is never going to Europe. Remember the Energy East pipeline? WesternCanada can’t even pipe oil to Ontario and Quebec without going through Michigans line 5. We have our own problem in Canada.
Oh you're one of those guys that believe Trudeau.
We will not be shipping H2 anytime soon.
If you think exporting methane as LNG was expensive, try exporting hydrogen on ships!
(Hydrogen has a boiling point of 20K, much lower than methane. It’s also much less dense and much more likely to explode.)
@@cwx8 Kid, I never listen to political talking heads. I research stuff.
I gave up on TV back in the 70s, in preference for books.
Hey Pete, why no video on US Petro dollar deal expiring?
Probably because it doesn’t matter
@@Minerals333 Probably because he's a CIA boot licker
this guy explains pretty well ,
@@Minerals333 there wasnt really a petro dollar signed aggrement but the aggrement that saudi Arabia didnt extend does matter .
@@davidfirmino3829 doesn’t really matter when every other currency is irrelevant. They’re not going to start using the rouble or yuan 😂
I was in Italy in 2022 and after February the small village I was in North of Rome had brown outs every other day for hours at a time.
welcome to the third world because "muh Russia"
I asked the question before listening to the entire video 😊
Yeap
So basically, Europe is now mostly dependent on US LNG because Nordstream was sabotaged. Who saw that coming?
The percentage of LNG coming to Italy from US is roughly 20%, and it is 2% of the overall import of gas to Italy. What are you talking about.
Interesting how the EU has problems taking gas from Russia but not Qatar..
Qatar isn’t invading its neighbors.
Qatar has never threatened to invade part of the EU or to nuke us.
@@ianshaver8954it just funds terrorists to do things to their neighbors.
@@ianshaver8954 But they are selling Russian oil and pretending its theirs.
@@ianshaver8954Giving money to Hamas for years however.
Well recently it has come to light you can easily convert Plastic into natural gas Oil etc...Trash is readily available.
How can we reach you for speaking opportunities, Peter? 😊
It would seem that Trump was correct about not doing energy business with the USA.
We are buying the same crude oil but from the other side of the world... Green deal my as*
Hi Peter, love your content. Can you comment or create a segment that talks about the Quantum computers and the possible threat that they may have on world security ?
We inflicted this totally avoidable problem on ourselves, common sense should have told us the Long Peace would not last forever. Serves us right.
Italy's constitution forbid the use of military force to resolve political disputes, so we're not going to see Italian army in Lybia, and the production of nuclear power has been voted down by a referendum back in the 70's so it's not in the current political discourse to bring it back(not to mention the costs and decades needed to build a power plant). I think Italians will stick to gas imports, if that's not enough they're going to expand the LPG sector
They just need to fart
Italy is in sunbelt-> more solar + build lng terminals. Israel and Libya has remarkable gas resources, so Algeria or Libya are not the only suppliers of the lng in the region. Also building windmills in coastal areas, mountains is a viable option. The more the merrier.
Another thing can be the ability to act in due time in Italian administration. This is the true problem in Italy.
This might have an effect on the financial viability of the Small Modular Reactors. Their problem isn't so much engineering or waste as it is their business model. If Italy were to ask for bids on, say, 25% of their total demand to the industry, I suspect you'd see investors getting very interested.
Wow Peter didn't waste time telling lies in this episode. 0:51 Peter says the Russians are unable to liquify natural gas for export by tanker. Two large-scale liquefaction plants are currently operating in the Russian Federation: the first one is Sakhalin-2, which was built by an international consortium and has a nominal capacity of 9.6 million tonnes per year; the other is the Novatek-operated Yamal LNG with a capacity of 17.4 million tonnes per year. Russia is merrily exporting LNG and has been doing so for a long time.
it is the scale, not that they are not doing it.
@@ursodermatt8809 The scale sounds pretty big. How does it compare to the USA's LNG exports? But Peter didn't mention scale. He just said they couldn't do it.
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