How Bad Will Europe's Winter Be?
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- čas přidán 19. 06. 2024
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Into Europe: Europe is heading into its most difficult winter in a generation, with Russia having all but cut-off gas supplies to Europe, begs the question: can Europe survive the winter without gas?
0:00 1- Introduction
0:50 2- The current gas situation
2:11 3- How much pain will Europe face?
4:54 [Sponsored Segment]
5:54 4- Solving Europe's two problems for the winter
8:38 5- What we still don't know for this Winter
Main sources:
Europe's Bleak Midwinter (Economist Intelligence Unit Report, 2022)
Natural Gas in Europe, The Potential Impact of Disruptions to
Supply (IMF, 2022)
© All Rights Reserved.
Contact information:
Email: Into.Europe@outlook.com
Twitter: / europeinto
Patreon: / intoeurope
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: masterworks.art/intoeurope
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨🎨
See important Masterworks disclosures: www.masterworks.io/about/disclaimer
All is great, but please, find another sponsor.
Mate, that's obviously a scam
I think masterworks is a nice sponsor and personally I'm interested. Don't get swayed. People can skip it if they are not interested.
@@kingPrimoz okay Masterworks employee.
you forgot D in "Poland" at 1:20:"
-In 2020 there will be flying cars
-2022: We hope that we survive this winter
All for ukraine
Because of one stupid bastard leading big country, his name starting with P and ending with utin
What ever it takes to stop vladolf putler
@@ne0395 Will it be enough though?
@@MsMRkv No, it won't be enough. Nothing will really hurt Putin, only his army, and it's mostly uneducated Donbass citizens in it, and as well mercs from Siberia. Russian troops are outnumbered 2:1 across the entire front, and yet Ukraine before the breakthrough were still bashing their heads, and dying all whilst with NATO gear. Took Russian troops to be outnumbered 8:1 just for a break-through against undefended line by the Ukrainian troops, truly embarrassing.
Wasn't bad at all. Winter was pretty much like spring.
Those sponsorships are becoming downright unethical.
Problem is it gets quite grey if they start changing their content for the sake of advertisements. Like he said Billionaires are putting their money into art, but they are only doing that alongside gold etc. He did not explain this and made it sound like it was only art for the sake of the ad which is wrong.
@@James-ip8xs I was half-way into the "advertisement" section before I realized he was promoting his sponsor.
Also, I personally don't trust masterworks as the art industry is controlled by an elite clique of wealthy collectors who often fix prices, or otherwise manipulate the value of the art pieces being traded. Someone made a video about the art market, and its secrets which was good. I don't remember it of the top of my head, but if you do a search you could likely find it.
Use Sponsorblock, lets you skip over the sponsored segments
Wow so true
@@James-ip8xs Billionaires often can have their own Financial Managers. Bill Gates investments aren't really talked about with much of the focus being given to his FM buying up farmland to rent out, but it's easy to see how his portfolio must be more diverse than that.
Meanwhile Europeans going to the beach on Christmas:
I don't know what I hate more, the sponsor, or how you integrated it. Still, the video itself is otherwise well made
Why do you hate masterworks ? Asking as someone interested into that platform.
@@kingPrimoz because art market is a scam.
@@kingPrimoz An annualized return of 29% as claimed by masterworks definitely increases my skepticism of either the number or the platform. Neither of which is good.
@@kingPrimoz A few things:
1) the "art market is a scam" aspect. It isn't entirely fair, but not untrue either. The way rich people make money off the top end of the art market is not literally by the increase in value of the art works that get sold. It's by the the corresponding 'book' value increase of all similar artworks they bought cheap and can now claim are worth fortunes on their tax returns when they donate it. You only get any advantage of the system if you're part of the system. As an outsider, if you end up purchasing a part of one of these intentionally overpriced works, no one will want it back. You are just donating your money to billionaires.
2) Masterwork doesn't come across as trustworthy. The whole 'waiting list you can skip!' thing is a cheap marketing trick. They do not inspire confidence even if the idea was sound.
3) Their fees are off the scale: 20% on profit, 1.5% equity per year. Taking the meaning charitably: Say you provide $100, and it sells again ten years later at double the value. Taking into account 15% auction fees, the painting sells for $170. They take 20% of the top, $14. With the 1.5% annual increase in equity, 100/116 goes to you, 16/116 goes to them, $134 and $21. You make $34, they make $35 ($21 + $14). The *painting* returned 8% annualised growth; but *you* only got 3.3% annualised growth. (It could also work that they take $20 of the top, and the ownership is now 85/100, 15/100. That would make it you make $27.5, they make $42.5)
4) Art is not a productive asset (it doesn't generate money), so any gain is someone else's loss. There's every reason to believe you're looking at the crypto market in Nov 2021, and deciding to jump on the bandwagon.
If you want to invest in art, invest in stuff you actually like and can hang on your wall.
@@rambling964 thank you for this extensive breakdown of the negatives. I appreciate the time you took for it. I will steer clear of Masterworks for now.
Just surviving the winter isn't enough, if the industrial sector is sacrificied the economy will suffer in the long term
That's the point, cult initiation by making people suffer. Also helps to grab power.
A recession is the least of Europe's problems, they have to worry about slipping into a depression! It's heat or eat, sucks to be a european!
@@kelvinbritz9051 Speak for yourself !
Europe survived 2 world wars, it will survive this also.
@@Kannot2023 Barely without America Europe wouldn't have survived any world wars particularly WW2 even now you still need America whether you like em or not
no gaming in the winter, truly a horrifying scenario
My condolences from Moscow. When it is hot in winter I usually open a window to cool the apartment a little bit, I don't even try to mess with central heating switches.
@@kirilld6206 yeah but we have food and stable governments lol
@@bolan4185 Having food and stable governments are not fresh, bro.
@@peng1278 what xd
@@kirilld6206 : This winter will be your last chance to laugh about the stupidity of Europe, because next year nothing in Russia will be funny anymore. Just wait and see how your nice friendship with China will develop.
One thing to remember here is that natural gas is only about 25% of the EU energy mix, and the most dependent countries (Italy and the Netherlands) are not the ones with the coldest winter. The real problem is that the expensive gas is making German and Dutch manufacturing less competitive
The netherlands is not dependent on russian gas. We have a large gas reserve, it is a political choice. Because of earthquakes in the area.
@@pierboers824 but it's still affected by the price because less Russian export means bigger demand for alternative sources
But the most dependent are Hungary, Cz, Slovakia
@daniel halachev undoubtedly. But then you remember that only like half of that came from Russia to begin with. And if the price of gas doubles, that would mean energy prices rise by 25%. So even though it is a lot, the effects on energy as a whole are perhaps less than you'd expect from the situation we're in
@@oivinf One point Into Europe makes in the video ( 3:02 ), is that there is only one price for electricity, regardless of where it comes from; this means that if gas price doubles, then so will electricity in general, despite gas only being 25% of the energy source.
Now, this seems a bit simplistic and I'm not sure that's really how it works (different companies can offer different prices on electricity, so how does that reconcile?), but it would explain why bills have more than decupled in some cases here in the EU.
This aged like milk
Hot milk?
This art investing nonsense is the biggest bullshit scam ever
Absolutely
on one hand I'm happy he's finally getting sponsors, on the other hand I believe masterworks is as of a good idea as nfts were just six months ago
Nft is also a scam
True. If you want economic security buy gold. Gold is the only constant you can have that can be used as a trade coin even if the economy collapses which is surely about to happen if things continue this way.
@@HeavenlyWarrior Mate that's horrible advice...
blended in advertisements are kinda evil
That's the dumbest thing I've ever read. The guy needs to make money, you know to eat, to raise kids, have fun etc.. Should he work for basically free? Ad revenue on CZcams is extremely unreliable. He makes 1-2 videos a month, if those two happen to be demonetized or restricted because the videos are about a controversial topic, then he makes zero money in that month, while putting in all the work.
That's why sponsor spots are the norm. Go complain to CZcams.
Capitalism might seem evil, but that's because you've never lived in a communist society.
He has every right to include ads, if you don't like them you can install sponsorblock.
@@lukasschmitz1799 lol that's not possible if the ad is part of the video
@@roejogan2693 sponsorblock isn't the same as adblock, it blocks in video ads.
I’d be curious to see the average energy breakdown of a home according to latitude and how much better insulation and home design would offset some of the running costs.
What's the point of that? it's already common sense and already known what the effects are of home insulation and design on running costs. ¯\_(ツ)_/¯
there's other variables that effect energy costs of a home not just insulation and design. So you can';t have an overall accurate breakdown. unless you want to have a list of all kinds of homes of difdferent sizes, radiators, boilers and many other variables that all have an effect on running costs.
@@The-Cat Climete change? - well, the BIBLE dose speak about earthquakes on place never before seen. And the book of REVELATION: whole world shall be burned away.
So, dose climete change? - not really - it`s just getting more extreme. Why? - because the evil we do thorugh evil, we make GOD angry and now it`s time given to enjoy GOD`S anger towards us, wicked souls of humans, who are like thier father, the devil, and therefore are busy to Kill - DESTROIY AND STEAL.
Who and how many amongst us "wake up" from their slumber and see and hear and realize: WHAT HAVE WE DONE?
@SomeoneOnlyWeKnow The old saying: "curiosity killed the cat "
I know about it, cause I'm a cat on my 4th life right now.
Miaaauuww!
The Art investment is bullshitt, don't use it if you're a financially sane person. I don't have a problem with sponsorships from genuine products vpn, dollar shave club, morning brew etc. but don't put financial advertising in your videos. These offers of 29% are often littered by high fees and the Art market is intransparent and illiquid. Also notice that the return was 29% not annualized and fees not included. Also I call bullshitt on the waiting list claim.
Yep. It absolutely disconnected me from the video when he brought in the sponsor. If he can mark the sponsor - maybe a single comment at the beginning and chapters for the actual promotion - then it will be much easier to watch
i just stopped watching when the promotion came up. it seemed to me it was sneaky
@@itemushmush There is a plugin called sponsorblock, although it relies on someone doing some work before you watch the video. Basically someone watches the video, finds the sponsor segment, and uploads it and then everyone else can just have it automatically skipped. It's pretty cool.
Also, don't do it if you actually care about art. Art should't be an "investment" but rather something you buy because you like it. The idea that a piece of art should always be worth more over time is absurd, it's an undue and unrealistic pressure on living artists.
This is a dumb vedio.
Update form deceber its fine
1. Europe shot itself at the foot when they got addicted to Russian gas.
2. What the hell, Hugo is handsome.
1. Nasty side effect of short office terms is politicians who think short term.
2. A pleasant surprise.
You shot us in the foot because Europe was too busy dealing with you that we couldn't stop the Russians eating Poland-Lithuania which taught them to play chicken with the West
It's german green's fault.
@@YO-pf3pq German dependency came before the Greens, but they didn't help, on contrary.
@@YO-pf3pq Germany's Greens were literally the only party that actively fought against the Nordstream pipelines from the beginning, calling them "a weapon". It was mostly SPD & CDU/CSU who cemented the gas reliance on Russia and who stopped the transition to renewables.
I have never seen milk age this fast and bad. Wow, it was hilarious watching it knowing how winter actually went LMAO!!!!!
This did not aged well
A couple of things to add, since I recorded the video there have been additional developments:
The EU has announced planned cuts of 5% of electricity consumption at peak hours. This is because natural gas is used at peak hours to complement the rest of the electricity mix. So cutting back consumption at that moment will save more gas.
Additionally, there have been some refusals about the gas sharing deals, this will affect how well Germany, and by extension, the rest of the EU's economy will fare and worsen the knock-on effects on the block.
Cheers,
Hugo
"Additionally, there have been some refusals about the gas sharing deals"
Link/ source?
This video was very detailed in describing what EU governments plan to do & "what could go wrong",
but there was disproportionally little said about what is already going very right, because of EU action:
1.) Gas storages at 80-90%, 2 MONTHS AHEAD OF SCHEDULE
2.) New infrastructure being built:
- energy savings on all fronts (gas, electricity, insluation),
- gas & non-gas energy diversification,
- new LNG gas import terminals & existing ones being hugely expanded,
- plans for new import pipelines & gas grids being connected,
- expectations that this winter will be one of the warmest,
All in all, it looks like winter 2022 will be less bad than "analysts predcted" (what the public gets is often 1-2 months behind schedule ^^) +
it's making the 2023 winter & future winters WAAAAAAAY less difficult than this winter.
Video was very detailed & good in some areas, but very misleading in other ones, especially about how the electricity market is DESIGNED to work & why.
Governments are trying to mess up the free market, looking for a scapegoat to hide their "geo-strategic" incompetence --> "let's get 50% of our gas from Russia, it'll be fineeeee." ^^
I studied Electrical Engineering - Power Generation & Transmission, now work full time on the stock market.
Observe: Media is panicking. The media make a lot of money when people are panicking. ^^
It’s actually pretty shortsighted to refuse to share gas with a country you rely on for your own economy
@@realtimestatic well It depends. One of the countries Who has been against this measure IS Spain, which is in a very unique situation. Because of past neglect, energy connections between the iberian peninsula and the mainland are virtually inexistent. Thus Spain had to invest in expensive LNG terminals. This means, funnily enough, that Spain IS not reliang on Russian gas, but also that It's virtually imposible to get spanish gas to the rest of Europe. Basically Spain has been living with a Russian gas shortage for all of its history in the EU, so It's already prepared for the situation. However, It can't really help. A cut just doesn't make any sense, because the gas IS essentially trapped in the peninsula, via decisions taken decades ago and still mantained today (France has been heavily against midcat gaseoduct even with German pressure to resume the project).
So basically this is a mix of sweet revenge, political pressure (mainly on France), but also sincere inability to stabilize the European market.
There is nothing Spain can really do, and It won't punish Its citizens and industry for nothing.
German politicians are saying Portugal and Spain should nonetheless cut gas usage as a symbolic gesture, which is pretty pathetic
ALMOST 1 MONTHS TILL END OF 2023 WINTER STILL FEELS GOOD IN EU. GLORY TO UKRAINE
Winter has passed and we had the easiest winter from the past years lmao
Russia never threaten to cut off gas supplies to Europe.
it was sanctions that did.
why would Russia let go $300 millions everyday, that doesn't make sense.
Russia didn't blow up their on pipeline either in 4 differentiate place those are outside of Russian sea territory.
"iberian gas market is isolated from east europe"
thank the french
Thanks Climate Change
It would great to see a follow up as of spring 2023.
Spain's gas consumption has gone up because the electricity distribution and production companies are private, so they don't produce for the needs of the population but for profits, so they want electricity to be sold at a higher price. Because of how the electricity price is set, they actually want to use as much gas as possible to make the price higher, meaning more profits for them. It has worked: Spain's one of the countries with the highest electricity prices in Europe (the one the consumers pay) and the electricity companies have doubled and tripled their prices.
Yes, the privatization of the energy sector - throughout Europe - has led to disaster for citizens. Not that the blame is every put on them. The government explains "it's Putin's fault" and companies continue to enjoy record windfall profits. (Sweden.)
Why does Spain have price or profit caps on energy? That's the only reason why companies would have to increase consumption to increase profits. But then that's the government's fault for implementing a dumb policy like that.
@Apsoy Pike you can't live in today's world without electricity, and if high gas prices don't benefit them explain how they get record profits every second month or so
Spain is so expensive and the salaries are so bad, no idea how they will deal with it.
@Apsoy Pike the electric companies make profits, because here in Spain we produce a lot of cheap renewable energy, but the consumers pay all the electricity as if it was generated in gas plants. Also, gas consumption has gone up this year here and in Portugal because the peninsula is experiencing a drought, so our hydro power plants aren't working as much as other years, so we use gas to compensate.
Fine.
Just a small side note. While it's is true that an increase in natural gas push the price of all energy sources up with nuclear you have the "Power purchase agreements". They are long term agreements to supply energy at fixed cost. I guess we'll see more and more of them after all this troubled years.
Europe was avoiding long term gas contracts prior to the invasion, with the idea's that Russia had no alternative market and not wanting to be caught buying gas after renewables were built out.
@@neolithictransitrevolution427 that is not true, Germany has long term contracts with Norway others like Poland don't. Spot market prices were just very low, so Germany spent more on natural gas than Poland in 2020. Different for each country.
@@danielschwarze781 I meamt specifically in dealling with Russia, which has a larger impact on the market than Norway.
But I removed the word actively from my original comment.
@@neolithictransitrevolution427 👍 I don't want to quarrel. My main point is: Europe is messy and hard to generalise. Different countries have different systems in place and most strived to interconnect with their neighbours. Russia made different deals with each. Renewables increased reliance on natural gas. Overall I don't think we disagree in general.
This video was very detailed in describing what EU governments plan to do & "what could go wrong",
but there was disproportionally little said about what is already going very right, because of EU action:
1.) Gas storages at 80-90%, 2 MONTHS AHEAD OF SCHEDULE
2.) New infrastructure being built:
- energy savings on all fronts (gas, electricity, insluation),
- gas & non-gas energy diversification,
- new LNG gas import terminals & existing ones being hugely expanded,
- plans for new import pipelines & gas grids being connected,
- expectations that this winter will be one of the warmest,
All in all, it looks like winter 2022 will be less bad than "analysts predcted" (what the public gets is often 1-2 months behind schedule ^^) +
it's making the 2023 winter & future winters WAAAAAAAY less difficult than this winter.
Video was very detailed & good in some areas, but very misleading in other ones, especially about how the electricity market is DESIGNED to work & why.
Governments are trying to mess up the free market, looking for a scapegoat to hide their "geo-strategic" incompetence --> "let's get 50% of our gas from Russia, it'll be fineeeee." ^^
I studied Electrical Engineering - Power Generation & Transmission, now work full time on the stock market.
Observe: Media is panicking. The media make a lot of money when people are panicking. ^^
guys! with all due respect the location 00:10 shows flares at LNG plant Portovaya, not Compressor Station Portovaya. These are two different facilities (distance between them is about 6 km). Nothing is being burnt at CS Portovya. LNG plant was partialy launched in Sep 2022, and the rest of it is still going through comissioning phase and that is why we can see those flares
"Politicians are saying Europeans should bear the cost of freedom "---- Given the word democracy is thrown around daily, was a vote taken on this, "bearing the cost of freedom?"
that mean you guys are guinea pigs for that freedom.
nope.
Good thing i live in Hungary and that our politicians are based. F the EU
@@117bertold7 Tfw building football fields in bumfuck nowhere is an essential imperative in fighting the Soros agenda
@@117bertold7 Orban chickened out when the EU pulled that stunt on him tho.If he had balls he would pull a huexit
Well Czech Republic has since 8 of september acess to LNG terminal that will cover 1/3 of our demand (and that is just one terminal. Our goverment plans to rent at least one more+finally finish the pipeline to Poland=conecting us to the gas from Norway)+we have one of the fullest dtorage (if the gas was cut of now we would last till the end of march with the same demand we do over the winter+it would last longer if we decided to save more than we do now).
Yes, Czech rep., Slovakia and Hungary will be fine. Shameful media makes it way worse than it really is.
@@monsterboomer8051 Germany and Italy also will be fine, since Hungary import more and more russian gas, but its storage is almost empty.
@@xerxen100 What matters is the size of the storage not how many percent you got dont be dumb pls
Right! I thought Germany is in a worse situation than the Czech Republic based on what the media says, e.g. electricity prices have gone up 12 times or more in Germany where as in Czechia it is just about 4 times. So the information about central European countries in this video seem to be false or misleading.
Unfortunetly, our previous prime minister was such a tard, that he never considered these kinds of things and now we look like a third world country.
Will be an interesting winter coming up... I just moved to Lithuania 2 years ago. Seeing the country building an LNG terminal and storage to keep for its citizen all the way to connecting the gas grid so they could help out Poland and Latvia if needed. Will truly be a winter of cozy clothing indoors. :)
Poland year consumption - 20 billion m3. storages contains - 3 billion, just saying
Russian gas is only 9,5 BCM. 5,5 is LNG import, 5 is other imports and domestic production.
LNG max throughput this year is approx. 6,7BCM - 2023 planned 12BCM
Baltic pipe throughput is 10 BCM
In-country extraction is 4 BCM
What made you to move here?
@@michaziomek Poland doesn't have contract for 10 m3 through Baltic Pipe. Only on 2.5. For the rest they will fight with Germans
@@michaziomek Well, you’re talking about Poland. Overall gas export from Russia to EU was 152.6 BCM in 2020
Impressively subtle - I got almost half-way into the sponsorship before I realised.
Bottom line: paradigm is changing but in the end we’ll adapt to this new situation , and probably for the best if it means reducing our dependence on Russian gas
all while robbing the working class blind
That is indeed a good thing to get rid of the dependence Europe has with Russian's gas BUT unfortunatly I think we'll pass from a dependence to another, maybe a stronger one what is more. After being dependant on the US for our defence, we'll depend on them for energy (and energy is everything). There is nothing to celebrate I'm afraid.
@@guilhem3739 Agreed, but since Europe doesn’t have much natural resources it’ll always depend on other countries, nothing new here. Now, if this situation can force European countries to rethink their energy policy that can be for the best, and by this I mean things like consuming less energy (that’s an easy one since we waste so much energy for nothing), rethink about what we want to do with nuclear power, etc.
There are so many things in so many areas that could be improved. Cheap energy is the curse that pushes us to consume always more and more, for the worse.
What paradigm? :D
@@stanislavkanin3255when Europe was buying cheap Russian gas basically
I survived many winters without any heating.
Immunity training & breathing exercises help.
When trying to relax, wear jackets, multiple socks, etc.
You will still shiver. Drink tea or warm water. Food helps warm the body too.
Hmmmmmmmmmmmmm I wonder how do you get warm water.... Hmmmmmm I wonder how you warm up your food... Hmmmmm...
@@Filiplego1 still that takes way less gas than warming up your home
German here. Its going to be "alright".
Gas prices are up a lot and they are still fluctuating a lot. We are going to consume as little gas as possible aka turn the thermostats and the main boiler down.
I can live with reduced room temperatures and not heating some rooms at all.
Still the bill will be very high...
Yes, you can. That's the problem. Unless you move your Arsh from the couch, and begin mass non-compliance you will be cold,your wife, children etc!
@@user-gv7st5xk6s hello russian bot
@@user-gv7st5xk6s Tell putin I have semechki for him
@@user-gv7st5xk6s i dont have gas
@@jamussifan633 Go get gas from else where, but restore the old prices. I am Bulgarian and I know history, dude! I know how the russians liberated us, while everyone was against that. I also know about the first world war, and that we fought against our liberators and crushed them. What do you have to say now?
Good, precise and resourceful content.
Hi! Love your show but I have to say that your main focus is still on France & Germany even though you say Europe a lot. For example, on this episode you could have also given some more insight on the eastern part of E.U. and how it's trying to cope with the upcoming crisis.
You could have showed the BRUA pipeline which is designed to distribute gas from the Black Sea to the neighbouring countries and further on, that Romania will extract in the near future from its reserves. Also you could have talked about how Bulgaria has managed to finalise the interconnector between Itself and Greece which will make bringing gas from Azerbaijan to EU possible via Greece, where it currently gets stuck. Also Romania has finished another pipeline interconnector with Moldova in order to help the poor guys in the winters to come.
There are a lot of things that are happening all over Europe since it's more than just Fr, De or Benelux.
Cheers mate!
This video was very detailed in describing what EU governments plan to do & "what could go wrong",
but there was disproportionally little said about what is already going very right, because of EU action:
1.) Gas storages at 80-90%, 2 MONTHS AHEAD OF SCHEDULE
2.) New infrastructure being built:
- energy savings on all fronts (gas, electricity, insluation),
- gas & non-gas energy diversification,
- new LNG gas import terminals & existing ones being hugely expanded,
- plans for new import pipelines & gas grids being connected,
- expectations that this winter will be one of the warmest,
All in all, it looks like winter 2022 will be less bad than "analysts predcted" (what the public gets is often 1-2 months behind schedule ^^) +
it's making the 2023 winter & future winters WAAAAAAAY less difficult than this winter.
Video was very detailed & good in some areas, but very misleading in other ones, especially about how the electricity market is DESIGNED to work & why.
Governments are trying to mess up the free market, looking for a scapegoat to hide their "geo-strategic" incompetence --> "let's get 50% of our gas from Russia, it'll be fineeeee." ^^
I studied Electrical Engineering - Power Generation & Transmission, now work full time on the stock market.
Observe: Media is panicking. The media make a lot of money when people are panicking. ^^
so eastern Europe is coming a long way eh? since the fall of Soviet Union
@@jamescampbell3159 You mean into bankruptcy? sure great job EU.
@@elektrotehnik94 why is everyone afraid of 2023 winter? I would hope by then the energy markets will adjust even more with new supply sources becoming available.
That ad transition was smooth no lie
too bad it's for a scam app
@@Fauxbourg cuhh
In the netherlands the gas/electric bill rosse from around 100 euro in the month to 700 a 800 the month and its still rising.
Yikes. I though you guys had green energy?
i know but the govt still refuses to re-open Groningen even temporarily. The small earthquakes costs less in compensating than the gas shortages are causing. Re-opening should have already been done, it will be too slow to restart the field mid-december.
@@Praecantetia No, I believe we still have one of the lowest percentages of renewable energy in our energy mix in the EU. On the other hand, a good chunk of our energy comes from gas power plants which results in us having the highest per capita gas consumption in the EU, using ~66% more gas than the runner up.
Mine went from €45,- a month to €290,- somewhere around April....
@@Praecantetia They have ports for liquid natural gas
Our ancestors: We literally living in the ice age
People nowadays: Help us it's getting a little chilly in the winter 😭😭
sorry for literally evolving, geez
Not cool to sneak in the sponsored segment like that. Sponsored segments should be clearly demarcated.
Sponsored segments should be Eternal.
@@sebastianmalpica3795 Ok, Satan.
And emasculated
I am fine with not having the heating on, I grew up with no heating I am used to it. But I worry for old and sick people
I hope this helps my native country of Portugal somehow. I feel like we can offer a good alternative to Russian gas if a new pipeline is made between Spain and France.
Not happening. France is not yielding and Macron said last week this won't be taking place.
@@anotheranon3118 France doing whatever they want to keep his grandeu alive.
I dream a day where Italy and Spain frontiers meet in the middle of what use to be a country called France.
@@joaquincimas1707 You shall keep dreaming. Spain and Italy are Countries in decline while France is rising to a superpower status.
@@joaquincimas1707 Don't worry, when Germany's industry collapses this winter it will leave much room to fill for you guys.
@@saellenx3528 😂😂😂😂😂😂😂😂😂
Superwhat? 😂😂😂😂😂😂😂😂😂😂
Edit: Okay, maybe they are a superpower, specifically in fucking up the rest of Europe.
Great info! I loved this new version of editing: its really nice to see you in the video!
As a dutch citizen:
Groningens gas field would be nearly impossible. After decades of record profits, there were earthquakes that damaged a lot of homes. It took a decade to get recognition and compensation and even after that a lot of people did not get a full compensation. The last few years have been better but still it took way too long. All support base for drilling in gronningen has been blown away by the decade of denying/under compensation.
No one in the Netherlands wants to drill there anymore, those people have suffered enough.
It doesn’t matter what the Dutch thinks. Being in the EU means you’re a Slav to either Germany or France. Why Brexit became popular.
In my city (in Europe) the lowest temperature in winter is around 13°C hehe
Problem: we have 7 months of summer and 3 of them with temperatures above 40°. Yes, I'm talking about southern Spain
muy bien
I live in Brazil and my winter is also around 13°C, but the winter here is much milder, something like 28°C. I didn't know it was so hot in Spain!
Lucky you. I’m living in the north of Germany.
@@jussef2057 sorry about that. I live in Switzerland and I had -21 one winter. And thanks to the incompetent new president we are now no neutral anymore, though citizens were never asked if that is what we wanted.
I live in south of Poland, Kraków, and it's only gets around 6°c, nothing big.
All credit can go to Ursula VDL and Victoria Nuland. They both deserve a promotion in the CIA
I realize it was not the main focus, but you really oversimplified the electricitry pricing mechanism of the EU
And I really do not appreciate the way you melded the ad into your content, even if that is your prerrogative. It just made me listen with interest for some 20s while it dawned on me that you were no longer on topic. Not a nice feeling, altho joke's on me for missing the delimited segment on the timeline
Okay, thank you for the feedback, I will be more careful next time when I switch to mentioning the sponsor of this video, and mention it directly at the start of the integration.
I tried to do something differently, but the feedback is clear.
Cheers,
Hugo
"I realize it was not the main focus, but you really oversimplified the electricitry pricing mechanism of the EU". --> yes. ^^
Always great information! Keep up the good work
I feel like one thing isn't talked about much on this question both here and in other media/channels: the long-term benefits of Europe switching away from Russian gas. This would improve the energy mix of Europe and its energy independence. Thus rendering its internal market more stable and attractive to investors. There are also long-term advantages beyond economics as it should - in the long term - lessen the carbon footprint of the EU as a whole.
Reminder that "carbon footprint" was a phrase made by a oil company to shift responsibility from them to the consumer.
@@fjooyou I don't think I've heard about this but anyway it doesn't apply here as I was talking about the EU as a whole (including both consumers, industries and energy producers).
But anyway I agree that it might not always be the best metric. Including a material and economic benefit to the formula is much better as it shifts the blame from consumers to producers who make money from the carbon emissions.
Very interesting man. Informing oneself by way of content of this ilk is how I think regular TV news should serve its viewers. Alas, the similarities are hard to find.
"Winter is Coming"
*GOT Theme plays while a GOT styled Intro has Berlin, London, Paris, Rome, Constantinople, Moscow and Warsaw shown*
It doesn't really matter how bad this winter will be, although I think turning down the thermostat and putting a jumper on won't be too much of an inconvenience. However it will galvanise those affected countries to look at alternative energy sources and suppliers for the future, and avoiding dealing with countries that weaponise energy. I can see a massive pull back on globalisation going forward as it is clearly a risky strategy as recent events have shown.
Good luck this winter to everyone from Slovakia Czech rep and Hungary i LITERALLY feel with u (from Slovakia)
I have a wood furnace here with enough wood: (Hungary)
People are literally dying by the thousands just over the border and we are whining because we might have to wear a jacket inside. If Ukrainians can take the war I'd say we can take the shocking realisation that winters are cold.
@@venator5 yeah me too (small house in Hungary) but still
@@someguycalledcerberus9805 yeah but will you take that when there is -17 outside and you come home and there is 17 feels like no change and I'm saying this because experienced it last year when i bought my house in Hungary and it haven't had a furnace
@@someguycalledcerberus9805 Nazis dying? Good. Our economy is dying in Poland, inflation is killing me, and many other people. Future economic crisis in Poland just to save some Banderite scum, rather be living in the Polish People's Republic than this.
USA: apply sanctions to your gas provider NOW
Europe: yes daddy~
also Europe: *(dies)*
ok but its Europes fault they get their gas from russia
@@caroline7648 russia's gas is nearer and much cheaper than american
@@stefanzec834 yeah that's the reason why Europe gets its gas from russia
doesn't help that a lot of powerplants and such were closed for environmental purposes
@@caroline7648 If you're talking nuclear, they were closed because people were piss their pants scared of something like Chernobyl or Fukushima happening. Nuclear is one of the cleanest ways to accrue energy. Although, this fear is unfounded, modern power plants are a lot safer, and Thorium exists which is superior to Uranium in every way, and is very stable. But investing in that would require basic thought, which most of the EU leaders don't have.
@@ThomasNoname exactly
Eh great video and well needed
I am from Czech Republic and the situation is fine. Some countermeasures are in play. People expect problems so they are prepared. We can handle this. Slovakia has it better and Hungary also. Media are going nuts with fearmongering and paint it as the end of the world and apocalypse. No, it is not. Nobody will freeze. Nobody will die. COVID was waaaaaaaaay worse. People died to it.
Na slovensku sa nik na nikoho nespolieha, každý prežije zimu tak, ako sa na ňu prípravy sam
Each country is a bit specific, however, this winter is not an issue and agree that next year will be more tricky.. We in the Czech republic had one of the highest % of Russian gas, however today we have full gas reserves + 65% already is from Norway. Electricity is not a problem as we have nuclear power plants and are an energy exporter and a lot of that electricity goes to Germany too to assist its industry. Prices are high but the government is assisting the common folk and finally, people will learn how to love consumption as there is a clear consumption of energy.. We will learn how to become more aware of how much we use for heating and lowering the thermostat by a couple of degrees... We will see what happens but I believe that these problems will lead FINALLY to a change in the energy market, sourcing and awareness. As a union, we will help each other and get stronger.
big love from germany my czech brother. europe will stay strong
a united EU is the solution. all working together. great to see.
@@bocadelcieloplaya3852 Agreed... Of course, disagreements will rise but I guess, for the time being, everyone realises we are on the same boat in murky waters and the best thing is to deal with these things together. Not a romantic notion but a necessity and prudent thing to do.
Unless the crisis gets sharp enough, that solidarity will be overcome by self-preservation and the whole thing will become a mess.
I am not saying that this will happen, but I think you are overly-optimistic.Especially, since "we are all in the same boat" is true, but it cannot go without saying out loud who directed this boat into the murky waters. Especially since often those who warned about this course (eastern EU) is now getting hit harder than those who steered (western EU).
It's hard to sell unity and solidarity, when some players try to 'privatize' the profits and share the risks.
@TheBlobik There is no denying that there is a dark side to politics but let´s hope that common interests and the knowledge we can be stronger as a group instead of individuals will prevail... The world is not what it was and it is not becoming a safer one that is for sure.
The politicians who were gladly accepting Gazprom lobbying money were supposed to anticipate relations going further sour after what happened with Ukraine and Russia in 2014. They did not. Now everyday people are expected to pay the "price for freedom". Yeah, sure, that's fair. It was our responsibility to decouple from Russian gas in time. Sorry, politicians, our bad.
Or, you know, develop a friendlier relations with Russia and actually take in to consideration what they had to say?
To be fair, I didn't see many protests against our reliance on cheap Russian gas in favor of more expensive ones. In fact, anytime the prospect of a potential invasion from Russia came up, many saw it as western paranoia led by a cold war era mentality.
Doğru
And I read that Germany let those Russian gas companies to control how much gas reserves it had on hand so when the war started they had very little in storage
@@overlord4404 No. Russia does not get to dictate Ukraine joining Nato. Nato is not expanding if Russia would not Threaten its neighbours.
Right now at the start of October we still haven't started heating our home. We sometimes have the windows open at 12°C or wear a light jacket if we're cold.
Every winter we heat up our home to 22-25°C to have it nice and warm. I don't see too big of a problem if we heat up to 10-15 °C at maximum, saving energy worth of 10°C
which country do you live in though?
Now I hope our continent as a whole understands just how important it is to be energy independent.
If one country doesn't have energy resources then it will never be energy independent
@@SirusStarTV Fully energy independent probably not but having more than half of your energy supply come from 1 country that you're not really friends with is a big no no in my opinion. If we had more nuclear things would be better. The truth is pretty simple its this way because it's much cheaper and cheap energy means more profit / no need to invest in your own energy projects which cost a lot of money. All I'm saying is that cost will be worth it in the future.
They brought this upon themselves for ignoring the warnings.
Never be too reliant on one supplier.
Or, you know, russia bought out eu politicians to make the eu even more reliant and kill and nuclear plants in germany :D
Nah Europe is gonna be fine
Germany fucked up, but they were too full of themselves to admit that. How could they trust Russia after 2014 💀
eh, why are you still clinging on to your tengku title our queen bestowed you? 😄
much less an unreliable, authoritarian supplier that has a ihstory of annexing adjacent territories and commiting political assasinations all over your territories.
Well, here it is. The stupidest video that absolutely did not live up to itself.
To be honest, I'm more worried about the abnormally hot weather causing the water level in the Rhine and the rivers of France to drop than I am about the cold winter.
Europe: Firewood is the new gold?
How will the situation change thanks to opening of Baltic Pipe connecting Norwegian gas with Poland, Slovakia etc.?
Energy prices can be stabilized right now, just make the price per kilowatt dependent on the average price of it's sources, but that would mean corporations won't have record revenue so there is no interest in the political sphere.
An excellent video but a great complain derives from it. Europe is more than Germany and France. Inclusivity is lacking tremendously. I take into consideration that many things need to be discussed in just 10min, but I am tired of feeling unmentioned. As a greek I saw zero mentions towards my country. Greece has made a proposal about electricity price cap and a proposal for natural gas price cap, both of whome had finally great recognition and along other countries' proposals create the back bone of today's measures. There has also been a proposal on decreasing natural gas consumption by subsidising big industrial consumers to do so, this will largely pay for its'self as lower demand will lower prices thus decreasing the subsidies level. As in a country Level, Greece has non natural gas operated energy producers divert their excess revenue to a fund that in addition to state money alliviate electricity prices for households and small businesses reducing increases of bills by ~90% compared to last year. Already around 2bn of excess revenue have been directly taken from energy production, as excess profit is taxed by 90%. A similar model of excess profit taxation is been discussed for the 2 oil companies of greece though at a slower pace as these companies heavily export. Electricity consumption in greece has voluntarily decreased on y-o-y basis in summer by ~15% a great achievent if you take into consideration the post-pandemic boom of tourism. As for the reduced consumption on peak hours lately discussed by comission, Greece will activate the plan of subsidising large industrial consumers whether EU as a whole activates it or not. Don't forget that Greece has voluntarily decreased russian natural gas as to be more independent although TurkishStream pipeline is transfering without flow cuts from Russia, has TAP transferring Azeri natural gas and currently one NSFU plant (in the future 4 of them) with extremely increased imports as Greece is now almost entirely feeding Bulgaria with natural gas as well.
Inclusivity is the Key
When I see the word inclusivity I turn my phone off now lol
Ironically here in south Europe there are less issue with the fact that we are more connected with gass producers like azerbaijan and Algeria.
The bigger issue in our case are the shitier goverments that are less capable of handling the future recession 😅
Let's hope at list to imorove our connections with the rest of EU with the pipeline, to improve the distribuzion of gass and be better connected for the future .
🇮🇹🇬🇷🇪🇺
"Europe is more than Germany and France"
No it isn't 😝
@eV Avoz yea not like france could control the entirety of europe and french people will always support greece yea nah never happened huh
a well made video. for sure.
The winter was nice here
I feel rich having a wood burner to heat our house, and our own forest.
As someone currently residing in Germany, this is too alarmist and exaggerated. We'll pull through, it's not like there's a famine or a plague.
you'll "pull through" for ukraine? what an ldiot. Also, europe, or the world, doesn't revolve around germany. Perhaps you need to be taught that lesson a 3rd time.
Situation here in Czech Republic is much worse, prices of electricity and gas are 10 times higher than 1 year ago, politics are trying to do something, but it will only increase our state debt to the future. This all is fault of baba Merkel and her 20 years of licking Putin's ass, we are all slaves of German stock exchange prices now.
bro geh mal durch die kommies, das is zu geil xd
As a Belgian, worst case is washing at the sink with cold water or having to wear a sweater and still needing a banket inside (house is new so very well isolated). To tilt it a degree higher into catastrophal tier, we might have to unplug every electric device and don't use any electricity on light or tv when the solar panels aren't generating it And this is worst case, like very end of the world doomsday scenario. 😂
It's simple, just don't shower everyday (really, no need for lol) and keep it to less than 5 min when you do. Use dishwasher and washing machine during day if you have solar panels and plan a budget for food so you don't end up spending a shitton on extravagant and easy meals but cut some more vegetables yourself or take no brand articles but the house brand of the supermarket. These are the only things you have to look out for if stuff is getting too expensive to pay for you. But most middle class people who have trouble coming around just need to stop needlessy wasting water or energy and eat out a few times less or cook more themselves instead of getting everything convenient (is more costly).
Really in the end the worse thing most people have to sacrifice is some luxury of being spoiled too long lol.
@@dennisengelen2517 You are right, but problem is that people got used to some standard of living in last 30 years, having shower every day and heating to 24°C in winter is standard in my country, also people don't care much about running PC/TV 24h and such things, so yes, people can save a lot of energy and water, but future was supposed to be more luxury, so people are angry and I am not surprised by that, this is just something what will make communists and nazis stronger becuase people remember that they had warm home in winter during communism, so many more simple people want it back. Governments and energy companies should do something or they risk some another communist revolution. It's easy to save energy when it's 1.5x or 2x more expensive than before, but now it's 10 times more expensive than 1 year ago, there is just nothing you can do, only turn it off completely, return to cave and burn fire and eat 7 days old dead mammoth. 😀
In Italy electricity bills are paid every three months and the prices are expected to grow 122% compared to the same three months of last year, and an increment of 60% compared to the past three months, so not 15% as you stated
Does italy get Russian gas to begin with? A lot of southern European countries get their natrual gas from North Africa, not Russia.
Really well done, one of your best works yet :D
This video was very detailed in describing what EU governments plan to do & "what could go wrong",
but there was disproportionally little said about what is already going very right, because of EU action:
1.) Gas storages at 80-90%, 2 MONTHS AHEAD OF SCHEDULE
2.) New infrastructure being built:
- energy savings on all fronts (gas, electricity, insluation),
- gas & non-gas energy diversification,
- new LNG gas import terminals & existing ones being hugely expanded,
- plans for new import pipelines & gas grids being connected,
- expectations that this winter will be one of the warmest,
All in all, it looks like winter 2022 will be less bad than "analysts predcted" (what the public gets is often 1-2 months behind schedule ^^) +
it's making the 2023 winter & future winters WAAAAAAAY less difficult than this winter.
Video was very detailed & good in some areas, but very misleading in other ones, especially about how the electricity market is DESIGNED to work & why.
Governments are trying to mess up the free market, looking for a scapegoat to hide their "geo-strategic" incompetence --> "let's get 50% of our gas from Russia, it'll be fineeeee." ^^
I studied Electrical Engineering - Power Generation & Transmission, now work full time on the stock market.
Observe: Media is panicking. The media make a lot of money when people are panicking. ^^
It went great honestly
The problem is the industry, small and medium businesses....they use lot of energy, and one of the reason why Germany stays industrialized is because of cheap discounted gas from Russia. The economic impact of all of this will be quite big, I'm afraid, especially considering how much debt there is in the eurozone.
EU has had so many existential crisises, that one can't help but wonder: will this one break its neck or will it manage to dodge the bullet again.
@@TheBlobik it will make EU even less economicly significant on global stage, which will reduce its influence further
The language is loaded. It's not "Russia cut gas supply", it's "Europe refused to pay for gas but kept demanding for it to be supplied". Not exactly the same thing.
THIS IS GREAT!!!
I almost froze one winter because propane was obnoxious & I couldn't afford it. Those ceramic heaters work awesome. Can't someone make some type of solar powered heater? Prolly exists idk. Extra blankets & cuddle together.
gotta ask elon musk.
Move to Russia you will open windows for cooling at harsh winter. Because they use so much 'coal' or something. Seriously.
Solar isn't what you'd want to rely on in winter. Wind might work tho.
For about 30K in materials, you can build an off grid system with 40kWh batteries, enough solar to charge them completely on a sunny winter day, an air-water or water-water heat pump, a generator in case the battery gets below 20% at night and a personal grid controller. This will pay for itself in like 8 years max at current prices. Problem is, NOBODY has stock right now. Best one I could find says May but without guaranteeing it :(
@@louisvl10 need new manufacturers! Come on, get busy!
Get some candles, blankets and you will be fine. If you have the money, it's also smart to improve the insulation of your home.
People already poor: Guess i am fucked.
I never heat my home during winter and I'm surviving just fine, don't get why all the fuss about heating homes.
ya, do what you can the old fashioned way. dress warm and be conscious of how u use energy dont just be stupid. think of how ppl lived a hundred years ago
@@mejazo ya, just be smart. u dont need ure house at 28 degrees. i always keep mine around 20 degrees and i wear appropriate clothing
@@jamescampbell3159 i keep it at like 16 degrees, dressing warm and basically never turning the heater on, heat coming only mostly from eletronics that are running
Wonder how the sand battery will hold up in providing heat?
I also wonder how solar power will hold up in melting 1000tone of aluminium in a giant furnace.
love this video
"Winter of Pain". That's a bit dramatic in my opinion. Why do media outlets blow everything out of proportion? I live in southern germany (bayern), our winters are pretty mild in urban areas. Last year we barely had any snow in Munich. It can get down to 0C, but that's not all the time. Just buy an electrical heater, and you won't even have to pay for gas prices
I think we will be just fine this winter, with our without russian gas
I'm in Ireland. Its the same here
exactly, too much drama by the media
This shouldn't be so hard for you to understand. You'll still have to pay for the electricity wich is going to be more than 10x the usal price. Get it?
I live in Galicia, in the northwest of Spain. the average temperature in winter is 13 degrees ( 21 in summer). There are regions of Europe that are hardly going to be affected by the gas cut.
@@tHYRR3N Nah, electricity prices are so high because gas plants are needed to cover for France's nuclear plant crisis. Once the rivers carry some water again and French plants are coming online, gas plants can be powered down, which will reduce electricity prices.
unless we have a historic cold winter (like a winter we didnt have for more than 10 years), it wont be that big of a deal, hardly an inconvinience
This will be a cold one.
@@venator5 yea but not THAT cold. We havent had a cold winter that would be necessary to actually be a huge problem since more than 10 years. If the earth somehow decides to get very cold, and i mean a lot colder than it has ever been in the last 10 years, then it could be a problem.
Biggest problem is lack of gas for industries
@@SrCoxas yes, but that doesnt mean we will all have to freeze to death in winter
@@weetbix4497 yea and for those sick and old, we will have support centers, so its a non-issue (if you ignore the economy)
The meme "Brace yourselves, winter is coming" doesn't sound so funny anymore...
In Ireland we don't use any Russian gas .. we have our own to an extent and the rest comes from North Sea .. but, we are clearly subject to wholesale gas prices.
I got that balkan genes I'm gonna be ok I think
Just start a genocidal civil war to warm yourself up
Europe needs new nukes.
I say this as a dedicated environmentalist. Europe does not have enough local oil or gas reserves to power itself, and it never has. Until sufficient energy storage capacity is constructed, that means European base load power has to include either coal or nuclear. Of the two, nuclear is by far the better option in both the short and the long term.
Europe needs balls , to be independent from usa and playing its own role. But its too late , ty for voting green biaches and agents from clauss Schwab club
What would be tge point of building more nuclear instead of building more storage?
Nuclear power can't help in the short term, because it takes 10+ years to get a new nuclear power plant online.
So the question is, will we need nuclear power 10 years from now, or will renewables and energy storage be developed enough by that point?
Can't wait for Frostpunk IRL
Commenting so big brother sees and boosts video up, as it deserves it
Everybody needs to chill out.
You'll live, you'll get through it.
Its not the end of the world
That does not make it better. Our politicians screwed us over but they will be the ones that have enough money to not be botherd by the situation they created. We have to suppory Ukraine, of course. But the politicians that caused this have failed their job and should be replaced.
@@RK-cj4oc crimea river
@@TheSwissGermanGamer Okay bootlicker.
AFAIK almost all of Russian gas deliveries to Hungary was redirected to go trough the Balkan pipeline. So the shutdown of the German and Ukraininan pipes could cause no shortfall there.
Good job!
7:58
Everyone:Sad
Romania and Sweden:
As a Greek.
This is really entertaining
Jesus gave us spring in november december and january and we survived. 😁☦
2021: I wonder how 2090 will look like
2022: I have to cut lumber to warm my self
Awesome
Great Quality! I know why I support this channel on Patreon ;)
Contrary to what you say, the price of electricity does NOT go up to the marginal production costs of gas-generated electricity. This is true only for commercial customers without long-term contracts, or unlucky enough to have major long-term contracts coming to term right now!
For private consumers, the increase in the price of power has been generally must more moderate to nil. For exemple: 92% of French power comes from nuclear and renewable resources and is unaffected by the price of gas. Only 6% is. In French, my kWh price increased only single-digit percent... for the first time in 6 years.
I happen to also live half of the time in Geneva Switzerland. I haven't received my last bill yet, but I believe the increase will be some 20%, as the Geneva utility is impacted by the spill-over effect.
However, the clients of the other Swiss utility BKW, which is both a producer as well as a distributor, saw an increase of their bill of only 1%, because BKW produces more power than it consumes, and the power it produces is 100% a mix of nuclear + hydro-electricity.
well, renewables (especially hydroelelectric) are heavily reliant on geography, and fearmongering against nuclear has caused it to see much thinner adoption than it should have, outside of France of course
the result is Switzerland, Sweden, Norway, Italy and Austria have their dams, France has its nuclear, and Germany has its coal, but other countries find themselves stuck by their reliance on gas
over here in Belgium for example, electricity costs have already more than doubled since the begining of the year, and keep increasing; the Walloon region now gives out 0% interest lawns for solar pannel purchases, but distributors are out of stock
hopefully this serves as a wake up call...
@@yjlom Il est vrai que le gouvernement belge... d'ailleurs inexistant pendant combien de temps déjà? ... n'a pas brillé par sa vision à long-terme!
J'espère en effet que cette crise va accélérer un changement d'énergies indispensable à de nombreux titres... plus seulement pour combattre le réchauffement climatiques!
Well done
Finally! A cap on energy profits!