The European Union's Energy Crisis Explained in One Minute

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  • Опубліковано 2 вер 2022
  • As an economist who actually lives in the European Union, it saddens me just how much confusion currently surrounds the energy crisis the EU is going through right now. From doom and gloom preachers who say things like "Europeans will freeze this winter" (no, we will not) to excessive optimism, for example believing this winter will be a walk in the park here in the European Union (once again... no, it will not).
    This video tries to put a balanced perspective on the European Union's energy crisis on the table so that viewers, not just those who live in the EU (because as made clear throughout the video, the implications of this energy crisis are global), can put together a coherent strategy based on facts rather than emotion.
    Nobody knows what the future holds but by deploying reason, you will be light years ahead of the average individual in terms of rational preparedness. Is a Wild West world coming? I certainly hope not. But make no mistake, the likelihood of this winter ending without social unrest issues is slim. Yet again, not just in the European Union. Act accordingly.

КОМЕНТАРІ • 303

  • @OneMinuteEconomics
    @OneMinuteEconomics  10 місяців тому

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  • @jimmiller5455
    @jimmiller5455 Рік тому +87

    😂😂😂 the European Union leadership has to be the most incompetent in history. Self-Sanctioning 😂

    • @meruem6995ujjoooo
      @meruem6995ujjoooo Рік тому

      Man someone like me🤣🤣

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +11

      Unfortunately, I have to agree that sheer incompetence in terms of energy policy has played a crucial role in all of this...

    • @shagans6701
      @shagans6701 Рік тому

      All ws leadership is incompetent! How can you barbarically come out of nothing a** Europe pillage all the darker nations of their natural resources , falsifying history force indoctrinate their children with those lies, so that they never seek real justice, so as to permanently reserve your spot at the top and tell them their just low IQ, and you thought you wouldn't have any repercussions, god is not mocked, just as Elijah Muhammad predicted,Europe will become a graveyard and that's fair and balanced justice from the god of justice!

    • @dannybarnaby7101
      @dannybarnaby7101 Рік тому +3

      Russia pay 7p per unit of electricity .
      The UK and west paying over 19p.
      It's that cheap in Russia theirs millions crypto mining .
      The world currency is colopsing and no doubt we will be going over to crypto but state sponsored .
      So no state owned cryto is going to be the new cash . Literally Russia is going to have more millionaires then any other country truly based on cryto mining alone .

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +10

      Danny, I'm sorry but your comment makes zero sense. Russia was a country with an economy barely larger than that of Spain BEFORE the grotesquely miscalculated decision of invading Ukraine. If you truly believe it's on a path to thriving... because of crypto mining alone (?!?)... then, well, I don't even know where to start :(

  • @ahheng6402
    @ahheng6402 Рік тому +59

    European governments is accountable for any citizens suffering this coming winter....

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +2

      Very difficult issue to tackle indeed. For the average individual, I suspect an acceptable solution will be found. But unlike households, the industrial sector won't be on the receiving end of as much generosity most likely, so I expect a lot of pain there.

    • @silverwolf6866
      @silverwolf6866 Рік тому +15

      @@OneMinuteEconomics It's a very simple issue with a simple solution. Get the gas / oil from Russia and stop sticking their nose in business that does concern their citizens. While doing that they can work on energy independence.

    • @matsuz100
      @matsuz100 Рік тому

      The EU should stop these crypto currency miners burning up electricity like there is no tomorrow.

    • @carlosl8372
      @carlosl8372 Рік тому +3

      yeah only our governments and not russia who started all of this madness

    • @allah___maadarchod
      @allah___maadarchod Рік тому +1

      @@carlosl8372 of course it's your own governments !! Remember, Russia is not the reason for europe's energy crisis. It's USA.

  • @user-Max1980
    @user-Max1980 Рік тому +2

    Something is not clear from the video how Germany will NOT freeze in winter. The southern countries are understandable, but Poland, the Czech Republic, Germany?

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Germany is indeed over-reliant on Russian gas but it is also wealthy enough to pay exorbitant prices for energy, resourceful enough to bridge the gap through other energy sources and so on. They won't freeze, nor will other EU nations in my opinion. This doesn't mean it won't be a tough winter or that social unrest won't manifest itself, just that it won't be *that* tough

    • @edwinavendano5937
      @edwinavendano5937 Рік тому

      @@OneMinuteEconomics Does not seem like it right now. Energy prices are 15 times over right now. The effects were not present at the time but honestly you have to be pretty ignorant for not seeing this coming.

  • @josephoriordan3196
    @josephoriordan3196 Рік тому +4

    I'm stocking up on glow sticks and candles and extra blankets

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Joking aside, I do believe stepping it up a notch in terms of preparedness/resilience would be wise, not just for EU citizens

    • @edwinavendano5937
      @edwinavendano5937 Рік тому

      @@OneMinuteEconomics currently protest in EU over energy cost. People gathering fire wood for it. Mean while the rich people not minding the cost and the damages they cost to the poor.

  • @rembautimes8808
    @rembautimes8808 Рік тому +2

    Nord Stream’s gas at its reduced output can be replaced with about 15 LNG tankers cargoes a month . The issue is that prices skyrocketing , even at its current level of 200 Euros per MWh would contract industrial production. At 400 Euros per MWh it would cripple it. Thought this should have gotten more coverage from the press but it’s buried

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Industry will take a major hit indeed. For households, I think a tolerable compromise will be reached

    • @rembautimes8808
      @rembautimes8808 Рік тому

      @@OneMinuteEconomics Stand corrected on the press coverage. A lot more coverage today. The first issue will be the state of the energy derivative markets and if any one of the players collapse, which could trigger a spike in prices as they close out the position. However, the energy derivative markets lack transparency so we don't know what the exposure is.

    • @naeemsomeone1534
      @naeemsomeone1534 Рік тому

      Qmax carries 250,000 m3 LNG × 15 = 3,750,000 m3 Liquid Natural Gas that is squeezed 600 times from its normal state under 1 atmosphere pressure (1 bar ) ... so 3,750,000 x 600 x 12mths = 27 Billion Normal m3 of CH4 methane per year. BP figures show that Russian gas exports in 2021 TO EUROPE totalled 241 billion cubic metres.... So bigshot analysis nanoball brain ... where did you get your dumbass figures from .. i make that 134 QMax's a month or 4.5 QMax's a day ... no one has that capacity in the world ... freeze because these idiots at the EU follow the fools in the US that are taking you to Nuclear war ... the west has nothing to stop Russian cruise misiles ... you are all a target and its this kind of cretin that is misleading you putting shipping figures of LNG that he calculated in his cradle

  • @aminmarkets8195
    @aminmarkets8195 Рік тому

    Thank you

  • @NikitaSerditov
    @NikitaSerditov Рік тому +3

    Infrastructure of sending gas to Asia does exist, it is called Power of Siberia.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Of course it exists, but how much volume can it handle? Nowhere near enough. For example, Russia only pushed 10 bcm per annum through the Power of Siberia pipeline and for the entire year 2021, only sold a paltry 33 bcm to Asia as a whole.

    • @GriggsC123
      @GriggsC123 Рік тому

      @@OneMinuteEconomics But that is jut one of many that Russia and China are building.

  • @YSColin
    @YSColin Рік тому +1

    I see people brought up Asia markets a lot, things are always two sided: The capacity of the Power of Siberia to Asia is 61bcm per year, and the 38bcm to China alone (starting in 2023?). Given the current market, and the increasing LNG shipping prices due to EU demand, Asia may have more incentive to buy more from Russia, especially if it's at a discount.
    on the flip side, we can totally argue that it's way under the 150bcm that Russia's selling to Europe and it's not even from the same gas field. It's undeniable that both EU and Russia will be at a lost this year. But more importantly, until EU acquire a more reliable/low cost alternative, the scale may still be tipping slightly towards Russia's side.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      One important remark: don't forget the demand dimension, especially in light of the fact that depending on how China's economy performs, current demand projections may very well prove to be excessively optimistic

    • @YSColin
      @YSColin Рік тому +1

      @@OneMinuteEconomics I might have to disagree with you on this point. We are only talking about 38bcm per year to China, that’s only a small fraction of China’s current consumption. Therefore, betting the money on the chances that China may implode would be highly unwise. Not to mention that the possibility of an exodus of EU’s high-energy-demand industries due to unstable/high energy cost, which may potentially be going towards China.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Do you truly believe that given today's geopolitical context, the major players you are referring to are in a rush to relocate to China?

    • @YSColin
      @YSColin Рік тому +1

      ​@@OneMinuteEconomics I think you mis-understood my point. To be honest, it's pointless to generalize the whole industry, whether it will move to China or not. Each business has its own concern, we can talk all day about each of them, but that's not the point of our discussion.
      To clarify on my previous comment: I am not saying that businesses WILL RUSH to China, but it's perfectly fair to speculate that some of the businesses MAY consider exiting Europe, could be China, could be Japan, Korea, Taiwan, etc. which may negatively impact EU.
      And go back to my point about China's importation of Natural Gas: my point being that however bad you wish their economy sinks, they are more than capable of swallowing the stated capacity of the Siberian Line, especially given the LNG price hike caused by the EU-Russia cutoff situation. Just to give you a background, China imports 50% of their Natural Gas via LNG Ships compare to the 25% of Europe (pre-war), just to give you a background.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      I agree that scenarios involving industrial players exiting the EU, at least short to mid-term, are likely. Just pointing out that my money is NOT on China and certainly not Russia in that respect.
      Secondly, I believe you are being excessively optimistic volume-wise with respect to what can practically be shipped to China. Through Power of Siberia, just 10 bcm were sent to Russia in 2021. And yes, they are due to *eventually* hit 38 bcm but only by the end of 2024. In Q1 of 2022, they did indeed send more to China, about 60% more... still not close to enough. Plus, do keep in mind that logistically speaking, a lot can and probably will go wrong.
      Can Russia eventually eliminate its dependence on the EU as a customer? Of course, but it goes both ways. With the EU also being able to things like build additional LNG terminals so as to eliminate its dependence on Russia as an energy provider.
      What I'm ultimately trying to say is that in my view, tales of Russian robustness in this respect are greatly, greatly exaggerated.

  • @wolverinexman5105
    @wolverinexman5105 Рік тому +7

    Russia is still earn more because of global gas prices.. and Russia is selling their gas to china at a discounted price while china exporting it to Europe to a higher price and other nations..
    Europe is paying higher prices from Russian oil through china.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      I agree that a lot more needs to be done to ensure that Europe doesn't end up buying "repackaged" Russian energy

    • @wolverinexman5105
      @wolverinexman5105 Рік тому

      @@OneMinuteEconomics Europe should not try to control the world so that war won't happen... The war started 2014 when NATO trying to expand their terrorist organization to other nations.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Why do you have that perspective on NATO?

    • @wolverinexman5105
      @wolverinexman5105 Рік тому

      @@OneMinuteEconomics that's not just perspective, that's the truth, even NATO admit they started the war 2014... Russia just want for their neigbor countries to be neutral while NATO terrorist want to expand their cold war mentality and loot other nations with propaganda.

  • @thelazy0ne
    @thelazy0ne Рік тому +2

    I agree. Pretty sure the whole EU knew this will come but we really really really really hoped it wouldn't.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      I don't believe a professional could have truly hoped that an energy crisis can be avoided. Instead, I'd say the prevailing thought process (one I personally agree with) is that we must take this pain for bigger picture geopolitical reasons and also that said pain is a consequence of poor to the point of head-scratcher energy policy choices of the past

    • @edwinavendano5937
      @edwinavendano5937 Рік тому

      @@OneMinuteEconomics What you mean? There were so many ways to avoid this. One was not to move to green energy and keep some level of dependence on fossil fuels for emergency. What are you gonna do in a war ask your enemy for gas and resources just plain ignorance. Two anybody could have seen that war was brewing it was only a matter of time before a spark started it. Example right now with china and twain, the slightest thing can start it. Its only when will it start. Also Donald Trump warned the EU back when he was president that going down the green energy path will lead them to having dependence of Russia and can be used as a weapon to cripple them from the inside. So in conclusion, they were warned before hand that they were being dependent on a rival nation, and two choice to ignore said warning. The reason being because green energy is more important than the life's of the common folk. I say that cause they knew of the consequences yet choice to ignore them and, the politicians and upper class who push this wont suffer because they have connections, power, and money but us middle class, and lower class will have to suffer for their foolishness's.

  • @ladaminuetkittens5216
    @ladaminuetkittens5216 Рік тому +2

    Look at Utube video four years ago - NATO summit. Putin is telling to GE government to take care of their energy, or they will be totally dependent on Putin. Ursula smiled -
    “I do not know what is he talking about”. And they all laughed. No more. HE TOLD THEM.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      I think you were referring to the video where Trump made that argument, not Putin

    • @edwinavendano5937
      @edwinavendano5937 Рік тому +1

      @@OneMinuteEconomics you are right it was Trump, sadly people are so obsessed over green energy that now the bottom line has to suffer but we are helping the environment now! What's some lower class freezing its all to stop climate change right!

  • @lv3609
    @lv3609 Рік тому +4

    Luckily for us in EU there are plenty of people outside EU (as I bet this channel author) dictating what EU should do or should not do
    /sarcasm

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +4

      I live in the EU, so I'm afraid you've lost the bet. I accept payments in Beanie Babies exclusively :)

    • @lv3609
      @lv3609 Рік тому +1

      @@OneMinuteEconomics
      Ahah, funny reply 👍
      You’re an EU citizens then you know what you’ve to do:
      persuade your government to either invest directly or place incentives for right companies to invest in energy supply that you think are the best for your country and fellow citizens.
      Apart for some macro level like reducing carbon emissions or foreign policy (those have Global implications), I don’t think EU intervene on companies’ decisions of choosing their suppliers, or the type of energy supply a country should build.
      (edit) I myself defend EU should create a robust system of managing natural gas within EU, in terms of distribution, transport and storage.
      We’ve suppliers in the north (Norway, Russia…. ahh wait scrap Russia) and suppliers in the Mediterranean, what we need is a storage and system to transport LNG between north and Mediterranean and vice-versa. This way if one supplier is not meeting its contracts, industry would not be impacted because options of alternative suppliers or storage from within EU.
      And look like things are starting to move that way even without EU intervention.

  • @christryst
    @christryst Рік тому +3

    Succinct explanation of the crisis. Well done.

  • @boardingurban
    @boardingurban Рік тому

    Unpopular Opinion: be independent from your enemies

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Or just plain old resilient IMO, especially since in geopolitics, "enemies" can be a complex/volatile term

  • @gameragodzilla
    @gameragodzilla Рік тому +6

    As an American, I’m glad we became energy independent in the years prior to avoid having this issue.
    Sucks for everyone living in the EU, though. I hope you guys pull through.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +4

      You are 100% correct, Americans are so busy hating one another (progressive vs. conservative) that they oftentimes fail to realize how good of a position they are actually in, with energy independence in the spotlight for sure

    • @David.....
      @David..... Рік тому

      The US is not energy independent, 50% of of US oil consumtion is from Canadian tar sands.
      I say the US is still a net importer, that still needs about 18% of their fuel from outside north america (middle east & offshore drilling)
      It just that US is now energy secure, vs 1970s era when we imported 50% from middle east.

    • @gameragodzilla
      @gameragodzilla Рік тому +1

      @@David..... Eh, I remember hearing the US is a net exporter now, so our energy is at least capable of being energy independent. The nature of the global economy means we still do a lot of importing, but that’s fine.

    • @David.....
      @David..... Рік тому

      @@gameragodzilla 2019 we were a net exporter, if you include base stocks, crude and refined products....But it was a joke of a way to calculate it... Much like the US CPI say inflation is only 7.25%, not taking into account all the real world variable and truth.
      The US in reality has not ever been energy independent since 1930s and since 2019, and covid, the numbers are getting worse, not better.
      That being said, we are still energy secure, and if were rationed energy, we could supply enough to at least keep factories and lights on. Driving and vacations would probably come to a crash.

    • @gameragodzilla
      @gameragodzilla Рік тому +4

      @@David..... True, but that’s why we should put Trump back in office in 2024 to reverse that trend and get back to 2019.

  • @Benkimaru
    @Benkimaru Рік тому +6

    I can see CIA handwriting all over this piece

  • @AwkwardTruths
    @AwkwardTruths Рік тому +1

    Everything I've read states Russia is just fine (economically) not selling energy to Europe. Some reports state Russia ruble is stronger.
    Will Europe Freeze was answered no in this video. I disagree. Across Europe, over two million deaths can be attributed to excess winter mortality in the period 2002 to 2011 with electricity prices at or near normal. Two factors will make this winter's mortality worse: 1) highest energy prices recorded in Europe, and 2) COVID hit's the oldest hardest during the winter months.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Of course the ruble is "stronger" if you don't allow volume sales, if you forcibly convert foreign currency holdings to rubles and so on. Tell those who believe the ruble is stronger to head on over to Moscow and try to convert let's say $100,000 worth of rubles to US dollars quickly. Good luck with that. No economist worth his salt will state that Russia is just fine economically because... well, it's anything but.

  • @allah___maadarchod
    @allah___maadarchod Рік тому

    My first question : why did you sanction Russia by the command of USA?

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      So you believe Russia shouldn't have been sanctioned for invading Ukraine?

    • @allah___maadarchod
      @allah___maadarchod Рік тому

      @@OneMinuteEconomics are you the punisher? Who made you the judge? Now who's responsible for the sufferings of the common people? You mean it's justified to make your own people suffer just because a country invaded some other country? What kind of mentality is that?

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      One that would have made it possible to avoid WWII?

    • @allah___maadarchod
      @allah___maadarchod Рік тому

      @@OneMinuteEconomics greater minds existed back then. Yet they all got into war. Just come out of your "saviour" image and remember, war is inevitable. All we can do is to postpone it for a few years. Also don't be obsessed with Russia like the USA is. Obsession is not the solution.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      As our destructive potential keeps shooting to the moon, I believe that if the survival of our species represents goal #1 (as it should), we have no choice but to work on a framework that breaks the "war is inevitable" pattern. Otherwise, another quasi-inevitable element kicks in (using the "best" as in most destructive weapons we have) and we're toast. Not saying there isn't truth to the idea that human nature and war go hand in hand, merely stating that for logical rather than moral reasons, we have no choice but to try and change that status quo. Not saying this to act as a savior in any way but rather for self-preservation reasons

  • @B2BEnergy
    @B2BEnergy Рік тому

    There needs to be a global approach to driving energy consumption down, reducing costs and long term reducing carbon.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +2

      I don't think that's the right angle... I see the main goal as not so much reducing consumption as figuring out how to consume a LOT more energy (thus ensuring our progress as a species) but without damaging the environment as much. Again, all roads currently lead to nuclear energy as a compromise solution. The idea that we can just all join hands, sing a song and move toward a sustainable future as a society without nuclear is not in the realm of logic in my opinion :(

    • @B2BEnergy
      @B2BEnergy Рік тому

      @@OneMinuteEconomics I’m mythed we need to be saving consumption with collaboration.

    • @B2BEnergy
      @B2BEnergy Рік тому

      @@OneMinuteEconomics I’m mythed we need to be saving consumption with collaboration.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      If possible, please elaborate

    • @B2BEnergy
      @B2BEnergy Рік тому

      @@OneMinuteEconomics Climate change needs a 3 pronged approach - reduce energy consumption, increase renewable generation and plant trees and address the environment to soak up the carbon.

  • @userjose2745
    @userjose2745 Рік тому +10

    🤣
    lets forget all EU sanctions over Russia, that include GAS LOL, my guy hope the CIA is paying in advance !!
    🤣

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      How much did I get paid and where is that money? How incompetent am I if I can't even find it? :(

    • @edwinavendano5937
      @edwinavendano5937 Рік тому

      @@OneMinuteEconomics bro did not even get paid :(

  • @GriggsC123
    @GriggsC123 Рік тому

    You forgot the Russian/China pipeline (Siberian Pipeline) Was completed in 2019 and Russia is now exporting natural gas to North China, and that is just one pipeline out of many that Russia and China are building together.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      It was mentioned during a previous exchange of comments, with the bottom line being that Russia can currently push nowhere near similar volumes through non-European pipelines and that while this can change in the future, building the proper infrastructure can take quite a while

  • @hammerhetyeskahgaming2970
    @hammerhetyeskahgaming2970 Місяць тому

    It is not temporary it will be forever.. in inflation..

  • @benpaynter
    @benpaynter Рік тому +2

    That wasn't 1 minute lol

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      60 seconds = one minute ... 119 seconds = one minute and fifty-nine seconds, it's all good as long as you start with "one minute" when pronouncing the length of the video out loud :) I sometimes have to push the concept to the limit to ensure the message gets across properly. Ironically, I think I only have one off-concept video (the supply and demand one) and not because it's too long but rather because it has a length of only 59 seconds, heh

  • @stevennguyen4993
    @stevennguyen4993 Рік тому

    "You'll own nothing and be happy."
    - World Economic Forum, 2016

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +2

      "You'll own assets but they'll be worthless."
      -Federal Reserve, 2022
      ... I kid, I kid... kind of :)

  • @rdt3922
    @rdt3922 Рік тому +1

    Russia still has major buyers in China and India. These two are getting massive discounts on the volumes they import. In other words the Russians are still chilling. But Europe will get a rough winter.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      What about let's say natural gas? Sure, there would be demand but there is simply not enough in the way of infrastructure to push adequate volume that way... as explained in an earlier comment, that which is currently in place is a bit of a joke in terms of volume

    • @hateme9482
      @hateme9482 Рік тому

      @@OneMinuteEconomics with increasing market price it doesn't matter if the demand is low, Russia can sell less for more money. Just look at the current Gazprom revenue with all the EU sanctions on top of it. It's a commodity, if EU don't want to buy someone else will especially if it's at a huge discount, India for example importing oil from merely 2% went up to almost 20%, China and Saudi is importing too and selling it back to Europe at huge cost, it's a disaster.

  • @david24192
    @david24192 Рік тому +1

    Welcome Winter

  • @Bunglebeetle
    @Bunglebeetle Рік тому

    Play lumpy games win lumpy prizes

  • @SIMOPARAS
    @SIMOPARAS Рік тому

    Many citicen of finland dont have a cash to pay electric and fuel prices much longer .. taxes here are so high here even without pandemic or Ukraine situation. Now future looks catastrophic

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Why downright catastrophic?

    • @SIMOPARAS
      @SIMOPARAS Рік тому

      @@OneMinuteEconomics It can lead a stone age while people are used to modern things

  • @syednadeemahmed1767
    @syednadeemahmed1767 Рік тому

    NDB nuclear diamond batteries

  • @gmcobrasnake
    @gmcobrasnake Рік тому

    Why dosnpt France and germany do like what sweden did??? Sweden has 34 waste-to-energy plants supplying 1,445,000 households with heat and 780,000 households with electricity - impressive figures for a country with a population of only 10 million. One of the largest of these power plants is called Sysav.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +2

      A coherent nuclear energy policy in and of itself would have been enough to put Europe in a much, much, MUCH better situation. Literally pulling a George Constanza and doing the opposite of what they've done would have been an excellent strategy in hindsight :(

  • @redfish3204
    @redfish3204 Рік тому

    north easter USA will suffer for sending LNG to EU for profit. Going to be a interesting winter for sure

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      There will be suffering this winter indeed (not "freezing" or any other bombastic term in my view, yet suffering nonetheless), but sometimes taking said pain today is better than the alternative and I believe that to be the case at this point

  • @Carlie_flower
    @Carlie_flower Рік тому

    Why would you stop nuclear? We had a nuclear power plant built in our town, it was all ready and then they shut it down because of people's fear and preconceived ideas about nuclear based on like Chernobyl 😑 huge waste of tax payer money. So now it just sits there.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Good question. And there are few answers that are not in the realm of irrational fear :(

  • @NoreenHoltzen
    @NoreenHoltzen Рік тому +3

    The first reason you cite as out of Europe’s control, the war in Ukraine, is completely in Europe’s control because the cause was the voluntary European sanctions on Russia, not the conflict it self as constantly quoted as the cause of the energy crisis. Europe could end these sanctions today and humbly negotiate with Russia to resupply and there would be a good chance that they would have some success. It has absolutely no effect on the conflict as is merely a case of Europe getting over its ego and detaching from Washington’s destructive orders.

    • @thelazy0ne
      @thelazy0ne Рік тому

      You're wrong. You're welcome to stand by and watch your neighbor getting murdered and humbly beg the thug to spare you.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Yes, let's humbly negotiate with an autocracy that orchestrated an invasion in 2022's Europe. Splendid idea

    • @ladaminuetkittens5216
      @ladaminuetkittens5216 Рік тому

      This is all wrong. EU pays Putin for gas - all the time, it means EU finances Putin’s war. USA pays tons of money to sent technique to Ukraine. Putin’s technique is pays for buy EU.

    • @carlosl8372
      @carlosl8372 Рік тому +1

      wtf are u on xD

    • @edwinavendano5937
      @edwinavendano5937 Рік тому

      @@OneMinuteEconomics ah yes putting other's first before our own people. First be able to supply and help your own country before you meddle with other's. This is like fighting without the support of your people. After some time like right now people are protesting against this lol.

  • @aserher215
    @aserher215 Рік тому

    The european golden age is long gone, people are just starting to feel the consequences of years of decadence.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      To be fair, though, it's hardly the first time Europe has been through tough times

  • @himpekenny
    @himpekenny Рік тому

    I pay now 375 euro a month for keeping the light on xs

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Difficult to draw conclusions just from that one figure, would help if you also mentioned the country + context (in broad strokes, what you mean by keeping the lights on)

    • @himpekenny
      @himpekenny Рік тому

      @@OneMinuteEconomics live in belgium and that is the price i pay a month its awful

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      If possible, can you break down your consumption situation? For example, do you use electricity for energy-intensive stuff like heating your home or generating warm water (electric boilers, for example) or just basics like electronics, lights and so on.

    • @himpekenny
      @himpekenny Рік тому

      @@OneMinuteEconomics eum so i have a electric boiler in heat my home with gas but i closed it so no gas use en only tv and pc max 5 hours a day and everyday cooking to and thats it basic really 😅

  • @CRITICALHITRU
    @CRITICALHITRU Рік тому +1

    Two minutes.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      How dare you? It's ONE MINUTE... and fifty-nine seconds :P

    • @CRITICALHITRU
      @CRITICALHITRU Рік тому

      @@OneMinuteEconomics you are another example that old parenthood is bad for child's brain development.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Y u so mean tho?

  • @kelvinpell4571
    @kelvinpell4571 Рік тому +2

    Europe's energy crisis in three words:
    AGENDA TWENTY THIRTY

  • @dorothyrolison2422
    @dorothyrolison2422 Рік тому

    Damn you doing damn you don't

  • @annetcell-ly4571
    @annetcell-ly4571 Рік тому

    Why can’t it be business as usual? Russia has the right to sell its fuel, doesn’t it?

  • @hilwaamanamankiyar-pp5bf
    @hilwaamanamankiyar-pp5bf Місяць тому

    S30

  • @samhill5102
    @samhill5102 Рік тому +1

    GREEN equals DEATH.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      I wouldn't say that, but green without nuclear? Close enough

    • @samhill5102
      @samhill5102 Рік тому

      @@OneMinuteEconomics I think you will see starvation caused by high oil prices, people freezing, Russia war already in progress, all caused by Green policy.
      This is just the beginning, wait until the Green people gain more power.
      GREEN equals DEATH.
      And all preventable, they is plenty of oil, gas, coal, nuclear to go around.
      No crisis equals no change.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      But if things get that bad, how do you believe they will gain even more power? There is already major backlash against policies like shutting down nuclear plants, if anything I think centrism will eventually make a comeback

    • @samhill5102
      @samhill5102 Рік тому

      @@OneMinuteEconomics I think you may be underestimating the power of lies and propaganda. People believe what they are told.
      It worked in china, russia cuba, germany, and many other countries. The left has a good playbook almost always works.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      How many Germans do you think believe that saying no to nuclear power was a wise choice? :)

  • @hilwaamanamankiyar-pp5bf
    @hilwaamanamankiyar-pp5bf Місяць тому

    S24

  • @lucotonico
    @lucotonico Рік тому

    Everything you say in this video goes both ways

  • @suvamdutta438
    @suvamdutta438 Рік тому

    I have very simple solution believe that Russian government we never joined to Ukraine in NATO war over now

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      Can you elaborate?

    • @suvamdutta438
      @suvamdutta438 Рік тому

      @@OneMinuteEconomics why this war started because of crazy mad person USA coward president Joe baldi want to expand NATO and humiliate to Russia without reason and Vladimir Putin wants to talk about that what his fault and why US do this expansion by the diplomacy but US mad crazy Joe baldi said that we expand it's our own choices you do anything whatever you want I don't care that is white house statement to Moscow so Russia just did this attack for his national interestest (I am neutraly explain that I am not taking any side) USA is responsible for this and also he sanctioned on Russia but this sanctioned back fire on Europe and now Europe entered in energy crisis and food shortage main reason for war NATO expansion if USA write that we never try to became Ukraine or any other countries share border with Russia a part of NATO in a paper war end right now yes that's true Russia never leave his occupied territory but war is end and I again repeat that Joe baldi (Joe Biden) responsible for this

  • @EliF-ge5bu
    @EliF-ge5bu Рік тому

    Poorly worded title. "....Explained in One Minute" and then spends One minute and Fifty Nine seconds to explain.

  • @user-ul2xf5wn7x
    @user-ul2xf5wn7x Рік тому +1

    👍Z🇷🇺Z😂😂😂😂😂

  • @jacobwilliams5271
    @jacobwilliams5271 Рік тому +2

    Looks like America is going to have to save Europe again, what a surprise.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      :)

    • @luciob.5661
      @luciob.5661 Рік тому

      US must first of all save itself. It’s living a terrible economic crisis and it’s almost entering default. This war (wanted and caused by the US) is weakening Europe and Euro and reinforcing the Dollar. Moreover, US can sell its gas to Europe for 5x the price of the Russian’s one. Moreover, American war industries are doing lot of money and thus supporting the economy. This is exactly what US needed in this moment, an this is the reason because US doesn’t look for a peaceful solution, not yet at least. Stop listening to US propaganda and follow the money if you want to understand the truth.

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      I for one have a very, very hard time imagining a scenario of downright US default. Devaluation and variations thereof, sure, but default? Nope.

    • @1_1__1_1
      @1_1__1_1 Рік тому

      If it wasn't for America, none of this would have happened))

    • @luciob.5661
      @luciob.5661 Рік тому

      @@OneMinuteEconomics sad that you censure the comment.

  • @naeemsomeone1534
    @naeemsomeone1534 Рік тому +1

    Junk analysis

  • @yaahlabanyamyan144
    @yaahlabanyamyan144 Рік тому

    Clown EU. They sanctioned themselves essentially lmao. Shouldn't have went against Russia. Oh well 🤣🤷🏿‍♂

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому

      You do realize that Russia is a joke economically and has been since well before the war, right?

  • @francis5279
    @francis5279 Рік тому

    I think Europeans and British people who are facing high energy bills should support the initiative by HEATEMM through GOFUNDME to build shelters to help people get some warmth across Europe and UK

  • @StreakLife
    @StreakLife Рік тому +2

    The Greta reset 😂

  • @krezalidkrezalid5669
    @krezalidkrezalid5669 Рік тому

    🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂
    Mean while me in Russia, We can eat 3x a day and have heat.
    I can also buy gas $1.92 per gallon for my 450 cc motorbike.
    😍🥰😍🥰😍🥰😍🥰😍🥰😍🥰😍🥰😍🥰
    Unlimited Joy Ride 🏍🏍🏍🏍🏍🏍🏍🏍🏍🏍

    • @OneMinuteEconomics
      @OneMinuteEconomics  Рік тому +1

      Not sure if this is just trolling or someone actually bragging about having foot and heating in 2022 while living in Europe (well, Eurasia ) as if it's somehow aspirational, a success story of sorts. Even before invading Ukraine, the quality of life in Russia was a joke... downright depressing the farther east you go. Thus, I assume you're trolling, would be downright sad if the comment actually reflected your perception of reality.