Europe's energy supply under attack | DW Business Special
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- Опубліковано 6 жов 2022
- Russia is squeezing the EU’s gas supplies and two key pipelines appear to have been sabotaged. In this DW Business Special we discuss the security of Europe’s energy supply.
OPEC+, which includes Russia, this week announced it was slashing oil output: a move that is likely to increase fuel prices in Europe. Has the EU left itself vulnerable to the decisions of unfriendly nations? Does Europe’s future energy security depend on EU member states sharing their supplies?
We answer these questions and more with the help of Olga Khakova, deputy director of European Energy Security at the Atlantic Council's Global Energy Center.
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#EU #energy #Russia
How about putting a price cap on US LNG ☺️☺️🤣😂
putting a cap is a sanction... why would we sanction the US? are you 12 years old?
I'm going to put a price cap on iPhone 14 pro ... I'm not ready to pay more than 200$ 😂😂😂
@@GNMbg That's the point - price caps don't work - the EU is suggesting a price cap.
@@GNMbg so that usa will sell europe affordable gas... nordstream exploded, who is supposed to help europe,isnt us an ally ? Us should help europe and not using this event to sell gas at fantastic price to europe.that is what friends are for
@@GNMbg Yes All this is of their doing.
"Europe's energy supply is under attack" - By the USA and UK.
shhhhhh, don't be causing drama. US is going through a hard time right now.
America attacked the pipes
ok
this time say it without crying
Nope. Falsch. Frenetically repeating it on YT/other sites & botbeating the like button won’t do any good. I grudgingly admire the dedication though. Hamsters in wheels are a thing to behold.
@@coyote75 yep, Russia blew up their own pipelines that they fully control and make decisions whether to supply the gas over. It's called logic 👍😂
Israel probably at Americas request ....
Europe walked right into this with their eyes wide open. 😒
Eyes wide open and ears firmly shut .....
What do you mean? By helping Ukraine?
If we didn't help, Europe would've been Putin's next target.
@Philip Leech “Europe walked right into this with their eyes wide open”
It’s an economic war against Russia, and the very “ammunition” to use is the actual existing trade itself.
If it wasn’t for these trade, what would you sanction Russia with?
Do you think sanctions on Putin’s daughters (who are safe in Russia) was anywhere effective??
We know EU sanctions on Russia are hitting the target. Putin’s speeches in June and July on their entirety was slamming EU mostly on sanctions but also supporting Ukraine, by contrast he only criticized USA 2 times, for standing by Ukraine and USA quantitative easing (go figure).
I'd like Germany and Russia to investigate. Call me crazy, but it's their F pipeline.
Denmark and Sweden should let Russian spies into their economic zones? Absolutely not.
They won't be allowed by You-know-who
@Qiu Qiu Channel They found the russian driving license of someone, that `ll do the trick. ;-)
Why would a completely compitent government ever put all its free market capital directly into something so awful a choice? Stability must mean stop funding bullys.
@@ganje3869 sure, NATO expansion is not bullying 👍 Russia played their role in helping the US after 9/11. Shortly after it was time for Russia to bend over and submit as it can be clearly shown from the NATO meeting minutes for the past few years that can be easily found on iNet.
Russia isn't the one who imposed sanctions on energy.
they did, by starting a war in Europe and for that they are going to die
There are more than a few people suspecting that the US did it, and it would make sense. They have an interest in russia not delivering gas etc to europe.
Almost every European interviewers were saying that Russia was the main suspect of the sabotage, without giving any real evident, but by taking negative perception of the Putin and Russia as their "evident". Interestingly some Americans were saying that the US was the one who sabotaged the pipelines.
Welcome to "democracy" where people are unaware that "not guilty until proven" is more than a catchphrase
that's why we call Europe a dog of American
@LBC everyone knows who blew up the pipeline.
Yet everyone will continue to pretend someone else did it.
“some americans” - and who are they?
@@randomperson9187 The USA #1 problem is oil and gas price, #1 issue, it is the source of inflation in the USA it is the largest international risk for the west so why would the USA destroy Nord Stream which means higher cost of fuels? It makes no sense, the USA wants lower prices not higher prices. Biden even approved Nord Stream 2, he approved it after taking office and it was Germany that stopped the certification process.
The paradox is that even in this energy crisis Europe is closing nuclear power plants
it's entertaining to watch Europe self-destruct of its' own volition.
Are you not entertained?
Nope, that's on hold
And we do not want you here. You or your children
Nuclear power will be the answer to all energy problems in the industrialized world and this will happen in near future ,despite official attempts to not considering its utilization 🤓
Where do u think nuclear fuel comes from? Russia!
Put a price cap on US LNG. But the EU will never consider such an act.
The EU does not consider. It follows orders.
USSR Leave east Germany in 90s
But USA not leave east Germany
They still control Germany
What a crock of BS, like Russia couldn't just turn off (or rather not turn on) the tap. What junkyard do they get their "experts" from?
"To be an enemy of America can be dangerous, but to be a friend is fatal” - Henry Kissinger
@@davidnoelfranks1124 or buy it from the arabs, I dont see a problem
America is the greatest country on Earth, the biggest economy, and we should all be friend with them. But now we should focus on destroying Putin's Russia, then China
@@GNMbg Supply shortage either way - EU economy is screwed.
@@GNMbg gas is not oil you can't sell it without pipe line or terminal. And why tells you that Arabs would sell cheaper? No one has gas as chip as Russia has.
@@GP99911 exactly
Don't panic, you have all the renewable power to use.
Acres of Varta 1.5-volt batteries.
Yes let's bet on the unreliables to solve our self inflicted energy crisis. Let's do more of what hasn't worked, because we just haven't done it big enough. Let's print more euro's and buy all the rare metals from the Donbas area and fill the whole of Europe with solar, wind and battery stations.
Lol
12:02 "it's a tremendous opportunity" are you serious. The Anthony Blinken used the same phrase during his press conference about NS and NS2 explosions....
And you try to convince us what expert says is an analysis not just promoting the US interests...
It's too late now, lol. They can buy the gas from us or not, it's up to them. The US shouldn't be involved in NATO or have troops in Germany in the first place.
Don't worry about it Europe, your best friend America is on the way to help, get your checkbooks ready, your winter will be warm and cozy.
Europe destroyed a lot of the US manufacturing sector, it bragged that it was going to replace the USA as the worlds dominant power, it said the Euro would replace the USD as the world standard, it used the EU to enforce its ideas, it used NATO for its defence and wouldn’t pay its contribution, when Trump said it was not paying enough the EU said it would form its own army.
Now the EU is seen to be the paper castle that it really is. It’s manufacturing sector is on its knees, and will probably wither and die. The Euro has collapsed. The EU is in disarray and member nations are going seperate ways in energy security. EU standards like USB-C are being ignored, there is a war on its doorstep and unlike the US it still isn’t offering Ukraine much help.
How embarrassing.
Thanks!
Its insane to assume that russia blew up its own pipeline instead of just closing the tap for a long period
Edit : and use it as a bargaining chip to undo sanctions, basically "uplift sanctions i give you gas, win win"
@@ardianbakalov7186 Russia didn't break the gas contact rather Europe broke many business deals with Russia since February. Anyone with minimum intelligence can understand who actually sabotaged the pipelines. Definitely, the one country which is seeing "tremendous opportunity" from the damage of the pipelines.
@@ardianbakalov7186 Yeah Germany can suspend the Nordstream 2 contract in one day but on the other hand Russia has to pay for breaking the contract. Although they didn’t break any contract.
You guys are on another level.
@@ardianbakalov7186 it was Germany who stopped nord stream 2! Come on get your facts right.
DW is not telling the significance of where the sabotage happens. Its on the western side, where Germany, US, Sweden, UK etc. have completed access to the sea region.
For Russia, they would have to sneak in and out under all those radars especially now during a war. Russia could have sabotage the pipeline on their side, on the Eastern side.
Die hard US, NATO supporters will of course insist that Russia is the bad guy, just like Iraq has WMD... even till this day. lol.
@@ardianbakalov7186 So what Nord stream 2 was never put to use ?? It was built under a contract by Russia and Germany. I guess here, obligation doesn’t matter for you.
Regarding Nordstream 1, Russia was tempering with the gas supply but at least they had a legit excuse of technical maintenance and turbine blockade by Canada. Now you might say it was excuses only to blackmail EU and I might say those were real excuses.
But the fact is it doesn’t matter whatever you and i say, those excuses didn’t breach any contractual obligations.
On the other hand,Biden and Blinken openly said USA would close down Nordstream and now it’s a tremendous opportunity to stop Russian dependence , but you don’t see any of that. Russia had only one leverage (gas supply) to play/harm with EU but they themselves would sabotage their only leverage,why ?? According to you, “bcz they have to pay”. Lol
As i said before, you guys are on another level.
Germany's next gas supplier will be Coca Cola
🤣😅😅👌
Totally surprised to see that Rob Words has landed a job anchoring for DW News. Right on!
Can we talk about how this dude has a really good linguistic channel on UA-cam? My brain can't even process it's the same guy. Like, why is he doing the news?
I honestly thought they were two doppelgangers and not the same person, until I looked up Rob Watts.
Rob is great. That's all.
Are you also wondering why cats have holes in their fur where their eyes are?
@@Kartoffelsuppe_m_Wursteinlage I am assuming that he speaks German?
Jeeeezbusss, thank youuuu, I was trying so hard to find out why I find him familiar 😂😂😂
Wow, what a difficult question, why do people get jobs? I'll never know
I can't imagine what it feels like to be paid to lie like that. Shameful.
At least they won't be cold, hungry and in the dark this winter like the rest of the German serfs
😁
@@zoomzoom3950 Aren't you Russians planning to nuke us anyway? I heard you want to nuke the small Town Überlingen in Retaliation for the 2002 Air Crash
@@zoomzoom3950 German serfs lol, I rather be cold than then choking on my own blood while invading a neighboring country.
@@zoomzoom3950 at least they wont be dead like the russians
@@GNMbg you mean dead like the Ukrainians that the collective West is using for cannonfodder.
Four oblasts now part of Russian Federation, four more oblasts to go.
Z
Don't understand why Russia is suspected? USA benefits more. So to Norway too. For Russia the gas pipes was a good income and a political tool.
but only ruzzia would actually go as low as to carry out a hit.
Energy prices are high because the European energy market and pricing is a broken system. Prices reflect market speculation that has nothing to do with the real cost of energy production. The pricing system needs to come back down to reality by firm regulation.
🤣
LOL.
This is all about demand.
High demand compared to what is for sale, results in high prices.
Low demand compared to what is for sale, results in low prices.
You can't regulate this at all.
The only way you can reduce the prices on energy in Europe, is by increasing the production of energy by a lot.
But if you increase it to much, resulting in very low prices, no one will bother to invest in producing energy.
To find the balance, is extremely difficult.
But if you think you can, then please have a go at it.
@@The_Judge300
OPEC recently reduced production which will lead to higher prices per barrel.
Ok but what commodity isn't priced based on speculation?
Your prices are high BECAUSE of your EU regulations.
DW salaries comes from Pentagon!
they can train a bunch of Sharks to guard the pipelines!
00:45 Dat smile. I'll bet that guy wore the very same smile when he told you buying gas from Russia was better than nuclear power.
Nuclear plant without natural gas is useless.
why not build one in your backyard?
@@vger5857 why not indeed? we are having the same fight over here. it's a silly fight based on old fears of screechy housewives
Does she even understand her assertion of Russia sabotaging itself ?
It would be educational to know why USA sabotaged Nord Stream and destroyed the environment 😃
Navy Seals lol
@@Curling_Rack 😄😄😄
put your tinfoil hat on
@@Curling_Rack Hunter Biden definitely had something to do with this 🤔. How much was he paid.
Russia was far more likely to have done this for the following reasons. First, they want to drive a wedge between US and Europe. Second, the money argument doesn’t work as the US is already sending all the supply possible to Europe and doesn’t have capacity to send more. Third, an extension of 2 is the US already was getting what they want, the pipelines were already not flowing and there was about a zero percent chance of that changing any time in the near future. Fourth, one of the pipelines was not destroyed. The US would have utterly destroyed all of them and left none able to supply. Fifth, Russia immediately says they can supply gas through the undamaged line. Sixth, the line that happens to not be damaged is the line that Russia still wants to get certified. Seventh, Russia wants higher prices for the gas that they are still supplying as the price has been dropping and they are not doing the volume they once were. By a long shot they are supplying far less, hence the combination of the 2 is a huge hit to them.
This time no comment. I tried to write a comment, but I have not found such words in my vocabulary)
The russians say Nordstrom 2b is functional, but Germany refuses to use it.
Funny how Nord Stream 2b happen to avoid getting sabotaged.
That was really lucky....
@@The_Judge300
Most reports are of 3 explosions registered. But more recently have seen some saying 4 explosions.
I suppose explosives can fail to detonate.
Also another factor, if it was dropped by ships or by helicopters, they could have miss the targets.
@@The_Judge300 there are 4 pipelines, two for each Nord Stream running alongside each other, inbound and outbound. There were 4 explosions targeting each of these, one of them didn't do that much damage. That's the one Russia is saying can be used and they are willing to provide the gas. But Germany's masters US told them "don't you dare" And somehow people still think Russia is to blame for this. You have to be brain dead to think that 🙄
Both nr 1 and 2 were sabotaged, both of them with severe damages.
None of them are secure for transport of gas....
@@susannewilliamsson8339 both NS1 and 2 both have 2 pipes.
four in total.
Attacked by the US?
You blow up Nord and say Russia weaponised energy Right
Benataue - when you print YOU do you mean US?
Any mechanism of selecting think tank, “Atlantic Council” for source?
us war machine funded . there is always a reason ;) . corruption in extream point and with gun in hand. scary for people who has no power at all.
Why on earth did Germany buy so much solar when it's simply not as viable there. Poor investment. Ps hi russian bot comments.
And they are purchasing solar panel produced in Xinjiang. Where is the human right value?
Wtf? We don't use electricity for heating.
@@SpiDey1500 some people do - my boiler is electric in Germany
@@Jason-io9zg China was just cleared on the Uigher situation in the U.N. they will not be addressing the issue before the assembly any longer.
@@Jason-io9zg We need Russian gas for industrial use.. which the US cut us off from..
Nord stream was Russia's most important piece of national infrastructure, a huge revenue source and was it's biggest source of leverage over Europe. Obviously Russia blew it up, duh!
It just doesn't make sense to me that these pipe lines effect much of anything. Nord Stream 2 wasn't even finished and nothing was being supplied by it. Nord Sream 1 was supposedly shut down because of some sort of failure. So, why is this impacting anything? I see the angle of Russia trying to get Nord Stream 2 completed, but it still doesn't make any sense if Western Europe was already making an effort to cut off its dependance on Russian energy. Why would anyone think that the EU or even any individual European country would even consider helping to complete an unfinished pipe line that is likely not to be ever used by the time it would be fixed or finished?
Nord Stream 2 is finished and it wouldn't take much time to make it 100% operational.
So Nord Stream 2b can very well deliver gas to Europe this winter.
Russia are desperate to do whatever they can to destabilize Europe and the energy market now.
And Russia are also desperate for money.
So desperate that they are selling energy to Hungary on credit now.
Winter is coming, Russia are losing the war in Ukraine and Putin is trying everything to make Europe destabilized and stopping to support Ukraine in the war and stopping the sanctions against Russia.
You won't find sense on MS media. US are destroying Europe's economy - that won't make sense to you - but it's true.
Do you have an answer?
NS2 was operational just not supplying gas...
It was completely finished the U.S forced Germany not to use it and even threatened to sanction Germany. The U.S is making Germany suffer for attempting to buy more Russian gas. People have short memories.
She's from the Atlantic Council ...enough said 🤔🤫
I hate how western media keeps interviewing people that thinks Russia is wrong for shutting off its gas.
Also it’s obvious that is happening along side with OPEC cutting production
Sweden is investigating the bomb incident, but what conclusions can be drawn? Everyone knows who bombed it, but under political correctness, which Westerner dares to tell the truth! Europe is experiencing fascist political correctness, so for ordinary people, they have to deserve the inflation, have to pay the bill made by others
Not political correctness, but diplomacy. Diplomacy has always required keeping your mouth shut at certain times, it's a complex artform that helped shape the world.
LNG is a fine temporary measure but efforts to build renewable energy should be tripled to get off the fossil fuels. Onshore wind, geothermal, hydropower, biomass, nuclear, solar PV, offshore wind, tidal power, wave power, and others should all grow. And start installing heat pumps like crazy.
Thats BS, none of those are available, reliable, cheap and stabile sources of energy. Therefore they cannot be used un most of the europe. (Exception, Island, Greenland etc...)
@@fpxy00 semi agreed. Storage of energy is the problem with renewables. Storage tech r&d money needs an increase! Until then renewables will only be part of the solution unfortunately.
It will take years to build. What will happen in the meantime?
Yes, exactly! We need to get rid of fossil fuels as a heat source completely and you've nicely listed all the potential sources out there. Gas and oil should be used ONLY in industrial processes where they are absolutely irreplaceable, nowhere else. That would reduce the demand a lot and OPEC would be left wondering where their demand went.
@@mutkaluikkunen3926 "We need to get rid of fossil fuels as a heat source completely"
I need to be young, handsome and rich. But seriously, it will take 10 to 20 years, if possible. In meantime non-western countries (85% of mankind) will eat our lunch.
The USA 🇺🇸 blown up Nordstream 1&2 . So if the USA can do it any one can .
but only ruzzia would go that low and actually do it.
@@mutkaluikkunen3926 The Americans and Western European also can go much lower ..they have dark history to back it up.
@@ahmedalsharman What has transpired hundreds of years ago bears no meaning here. The reason you would bring it up because there's nothing like that you can pin on Europe.
ruzzia has always been a lowly terrorist state and this is just another item to that list.
@@mutkaluikkunen3926 as some lives in 3rd world country , i can Say Russia was always supportive of 3rd world countries .. unlike the Americans , or The colonial British and French who killed us by the masses.. i assume you live in Europe so you are NATO camp .. the majority of the world in term of countries and population are siding with Russia.
Excellent discussion. I don't know who bombed the pipeline but only one side benefits from higher prices.
Yes how true bit which side 🤔
@@propergander1162 USA side undoubtedly as Blinken said the sabotage created "tremendous opportunity" for USA.
The U.S benefits the most. Russia loses some leverage, EU loses from higher prices. U.S continues its proxy war, weans EU off Russia and exports more LNG
Gas prices are global, they benefit all producers of gas, including United States, Qatar and Algeria.
The loss of these pipelines have cost Russia tens of billions of dollars in investment, and multiple years of construction effort.
It was the US that blew up the pipelines. They've publicly threatened to end the pipelines, they have the capabilities to do it and afterwards they've been calling this act of sabotage a brilliant opportunity for the US because they can now finally sell LNG to the germans (they've been attempting to do that for years but they couldn't compete with the much cheaper gas from Russia).
@@propergander1162 US - did you not see theGerman protest at US profiteering from the product they are supplying Germany with?
hello ! please… put like if you think that russia did not explode gas pipes… it will give an understanding of how the Europeans are aware of this situation!
Thank you regard your explainations, i wish it could be all including on conclutions
She is far from telling facts
What brilliant analysis, if someone is holding a gun to your head, it’s totally to the benefit of the gun holder to break the barrel of the gun. Brilliant!!!!
Now geopolitics has started over the Oil market and energy sector.
Solar/ Hydro/ WInd Energy, subsidies for everyhousehold ?
Plenty of trees to burn. Winter will be fine.
Olga is Ukranian, her comments are bias.
It's even worse actually, she american with ukrainian descent.
Might be an idea to buy torches, batteries, candles and matches
Torches and pitchforks.
And iodide
Run!!!
I'm selling candles , a pack of 24 for only $100 😅
@@ezza200 lol
Please invest in an audio system that isn’t shrill. I love DW but this hurts my head.
No mention of nuclear. An utterly irrational answer on the pipeline sabotage. But the host says nothing...
The very obvious solution is to build more nuclear power plants.
The very obvious solution is to end their aggression toward Russia.
@@zoomzoom3950 and that will happen when russia ends their aggression towards Ukraine :)
@@zoomzoom3950 I see that you are not very up-to-date with the news. It is Russia that invaded Ukraine, not the other way round.
@@zoomzoom3950 we don't have any aggression toward Russia. We the west are just responding to putins aggression towards ukraine.
You want to place blame for whats happening then place it at putins front door for starting all this nonsense!
France are building nuclear plants like crazy, but it cant be done in few months
Wind and solar energy can be produced locally and do not need to be imported.
Why pay high prices for oil, gas and coal when the wind and sun provide energy for FREE once installed.
Wind and solar cannot supply 1/8th of the energy required. Get real.
When you see a Ukrainian sticker on your analyst shirt you know you are going to get a good unbiased analysis
The US is pressuring OPEC to increase the oil production to lower the price. Why can't the European ask America to reduce the price of its LNG being sold to Europe?
Europe's energy supply under attack? The question is, by who?
Poor decisions and lack of long term planning caused most of Europe’s problems. We all need to diversify our energy sources just as we diversify our finances.
Get those renewables installed.
There's no money to be made quickly in new exploration and increased cap Ex, quickest way to make $$ is to lower production , economics 101☺️
I think we will need oil and gas for years to come for agriculture and war and steel etc. For us to be energy independent we must diversify. I’m still concerned about how to deal with nuclear waste. For our economies to grow we need more energy production. We don’t want to sit in cold homes for more than one winter.
Your power supply?
Just a second
I’ll go ask Russia…
I can't hear anything she says
How do you like this? South Africa has lots of coal, lots of sun, lots of wind, mountains of uranium, BUT they're incapable of producing electricity with all these resources lying around. I mean WTF has become of the once prosperous country? All that remains is a dump. Tourists are safer off staying away tbh 😢😢😢
Europe will enjoy the view of milky way quite often this winter
why did America do it
It's the price of being green. It's not even politic. It a basic math. You have 7 sources of energy. You filter by green. You get less than 7. Even with enough production, you still put your eggs in fewer basket. It is just something you have to deal with being green. So, just deal with it. Wear thicker cloth. Get a few power cut every once in a while. Europe still have the money, unlike Sri Lanka. How about going all organic fertilizer too? Right now Sri Lanka release very little CO2.
How is it under attack if you yourself placed sanctions against eastern oil and wanted to stop buying it?
I only looked at the grinning beaming presenter and feel everything is fine. Thanks DW!
Who is this woman, absolutely clueless!
US blew up the pipeline. Now Germany crying that US LNG is too expensive. Lol 🤣🤣🤣🤣
"Matters beyond its(EU's) control"... EU can't do anything about the US sabotaging their energy pipeline. Not even, a small objection. Lol
The incompetence, ineptitude, weakness and failure of European "leadership" (with few exceptions) should be obvious to all.
Even OPEC/OPEC+ is having a go at them. Can't wait to see what Xi will do.
🤣
just give it up, we all know it was russia 😄
@@thegreatdane3627 Us wont sabottage a pipeline that is not going to be used every again, why would they waste their time
@@GNMbg gee, let's assume that the pipe line 'will never ever' be used again... so why would the US sabotage it?
OK, let's assume the earth is flat... so the flat earthers were right!
@@GNMbg the whole point of the sabotage IS to make sure that it will never ever be used again. Depriving the Russian of the only leverage it has over EU and stopping the German people from demanding their govt to resume gas supply from Russia.
They are not , all there meetings are happening but no real solution , let’s pray for peace .
I’m I the only one who think like. We can hit two birds with one stone. Fix our energy dependence and go green at the same time. It would expand our economy immensely. Become front runners
Nuclear plus renewables and electrification. This isn’t difficult. But politicians always make it so
Aren't the politicians still laughing since trump already warned them
Obama warned before trump.
If Russia weopenised energy how uranium goes to US and France. Why western countries have not imposed sanction to Russian uranium ?
Sabotaging the pipelines......? Friends should not be doing this to Friends
Trump said not to depend on Russia years ago, who is laughing now?
Trump "The Pacifist" and his friend Putin put the diplomatic bombs that have fed this war. Now we are only reaping the fruits of the disastrous foreign policy of that orange hair psychopath.
One thing for sure without cheap gas from Russia Germany industry cant flourish as before. Even if Germany somehow managed to get another alternative.
don't be so dramatic, companies will adapt and find new solutions.
@@thegreatdane3627
The 200 billion euro loan that Germany had taken to pay gas suppliers, looks like a great sustainable solution.
@@Mrac-zz8vh 200 billion ... thats nothing for Germany to pay back in the long term
@@GNMbg
In the long term higher energy costs tighten the profit margin.
@@thegreatdane3627 no they are closing down fast in Germany
Why is this young girl a deputy director of energy security ,no wander Europe is in the state it is in
it belongs to us government.
Did that "Atlantic Council's Global Energy Center" atleast pay for those, hmmm... special? Otherwise you just wasted your and our time.
That's Rob Words!
😊
Despite what they say, they know the truth, Inflation is from one place and one place only, it is from "government" working with central Banks to Print money and distribute this cash (mainly on bailing out Banks) through so-called quantitative easing, the present Government spending schemes will cause more Inflation (the curse of cheap money) Whats been mainly driving house Prices up was low interest Rates and a tsunami of readily available stream of cash. Government Ministers mostly think that "Inflation is something related to Bicycle Tires" They drive us around the bend (on rubber flat tires) giving out misleading and deceptive statements
Europe can ask big oils from Daddy USA to supply them with price caps, go ask your Daddy USA and his cronies big oils
Cutting down on nuclear power was a serious mistake. We need more.
Yes, thank you. People's irrational fear of it has really done us a disservice.
That only solves Electricity problem but not gas price problem.
@@rodtukker1904 you wont need that much gas if you can heat your home on electricity. gas would be needed only for the industries
@@GNMbg Are you suggesting Govt. and housing companies replace gas heating in a day? That's unrealistic. Sane people think of a solution with existing realities.
Agree. Let's stop buying natural gas from Russia and resume buying their cheap nuclear fuel 👍
Safe as house prices !
It was secured, it IS not anymore and for years to come. Simple
Nice to see you, Rob! Didn't expect you here.
GEO THERMAL is the answer to all your questions.
I think we'll be getting a combination of that and nuclear very soon the way the world's war mongers are talking 😅
I don't know how wise it is to invest more into gas infrastructure. Europe will always be dependent on outside sources of gas. It would make more sense to put that money into developing solar, wind, nuclear, geothermal etc. energy sources and improving on current technologies in making use of those sources.
Yep, dump double the money into solar, wind and get 10% of the energy output 👍 or buy cheap nuclear fuel from Russia as Europe used to do or buy the expensive one from USA at 10 times the price. Do they still teach you math in Finland?
@@orangepants5749 Do you STILL honestly think it's only about where you can get it the cheapest?
Europe or Finland doesn't care if uranium fuel from the US or anywhere else was 100 times more expensive than ruzzian equivalent, we still wouldn't buy it from them.
@@mutkaluikkunen3926 I honestly think that the industry will stop because it's no longer competitive. What do you do when it costs to manufacture your BMW doubles due to the high energy cost? You raise price of BMW and nobody buys it. It's literally not just a question of where to get the energy - it's about the price. Many factories like ceramics already stopped.
There is something called energy density - the lifestyle that we enjoyed in Europe was fueled by the cheap Russian energy.
@@orangepants5749 We will come up with alternate sources of energy, just as a I said. You need to understand, that returning to ruzzian gas is simply not an alternative at all.
@@mutkaluikkunen3926 Already did. Ukraine is planning to burn their garbage 😂 to generate the heat and the rest of us will burn coal and firewood. I just can't believe how spineless European leaders are. 🤔
Also I doubt you realize nitrogen fertilizer as well as a lot of other important chemicals all come from natural gas. Good luck growing crops without it.
Every MSN Russian analyst is a nervous young woman fresh out of journalism school. Perfect.
lol true
With a Ukrainian sticker on her shirt
Why are they not pushing tidal energy? There has to be a fortune of electric just waiting to be captured on the shores of Europe. Some times I wonder about beauracrats. Perhaps it's because they are milking the money markets on wind and solar and don't have enough tidal turbine shares just yet. 🤔
Tidal energy schemes suffer severe damage from corrosion and fatigue damage and are often destroyed by storms. It is extremely expensive.
Bureaucrats are bought and paid for by interest groups - the USA.
Just like with all the other renewables it will cost more to build and maintain than the energy you can get out of it. Renewables only worked if you have cheap natural gas. There is no alternative when it comes to the energy density.
I'm wondering... Is this all gas crisis will affect a lighter industry too? 🤔
Now the EU has to buy expensive gas from the US by given international rules...
What a coincidence 🤔
Why are they smiling? Like a priest laughing during a funeral service
Change DS/DT>0 to DS/DT>infinite>0. That way Europe will be energy dependent. si you have PhD figure that out.
Mind Begs the Question:
NATO,Corporates capable to Boycott
Russia over Ukraine/Forced Dollar
NATO,Corporates not capable to Boycott
China over Concentration Camps?
All news channels bring on experts that I don't know from a bar of soap. Then I am forced to listen to terrible audio from the guest who answers your questions in some way.
Where is the value proposition of a news channel when a report is only hard work to listen and comprehend.
I expect you to do the hard lifting. Pick and interview experts. Distil the answer and present it in a comprehensible way.
Bringing some random in on a zoom call is hardly watchable TV.
very secure from Russia, not at all from America.
I hv stop watching this video just after 4.15. What a brilliant analysis! 😂
Yeah, I couldn't take it anymore either.