Can Europe's industry survive without Russia?
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- čas přidán 3. 07. 2022
- Into Europe: Europe imports 40% of its gas from Russia. But with the war in Ukraine, Europe and Russia are decoupling their economies at breakneck speed. As part of its sanctions, Europe has banned Russian coal and is phasing out Russian oil. Russia on the other hand is throttling natural gas exports, pushing up energy prices in Europe to record levels.
With Europe's economy relying on some of the most energy-intensive industries, Europe and its industry face an energy crunch that it may struggle to survive.
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Germany shutting down their nuclear power at the same time as they're facing an energy crisis is incredibly idiotic
Never discount the Gemans' propensity for making asses of themselves while attempting to look properly fierce.
Just look at ww1 and ww2😂
in the EU PALIAMENTARY SYSTEM - the German LEFTY&GREEN Party ( only 14% of seats in Bundestag/Parliament) ) can do STUPID & IDIOTIC damage to entire German Economy -
( and even 'smart' Germans seems to behave like morons ... and shut down their Nukes :-) )
@@jmfa57 it was the WEAKNESS of the German political system, which ALLOWED German LEFTY/Green Party ( only 14% of the seats in German Bundenstag/Parliamnet) force the other political parties for the German Nukes to be shut down ... on account of the Global Warming Hoax ... LOL !
And thinking they were going to quickly win the Ukraine/Russia war then turn the taps back on was just as ridiculous.
ever wonder why france went with nuclear? yeh opec in the 1970s. this weakness over energy security was decades in the making.
yup another lesson though should be that beyond climate change we need to move away from fossil fuels as a whole. Renewables give us energy independence
@@ebbeb9827 "Renewables" have other problems: no energy at night or when the wind is not blowing. Batteries are very expensive and getting more expensive. There isn't enough lithium to build batteries that only last 20 years for the entire European infrastructure. Unless better, cheaper batteries are invented this "renewables" fantasy will remain just that: a fantasy.
hey genius, from where did they get their uranium?
@@Polygarden There are other major exporters of uranium, eg. Canada, Australia. And uranium is solid so it's easy to ship. You're not limited by extant pipelines and LNG's.
@@rutessian Indeed, these new horseless carriages cannot possibly ever be safe or practical, right?
I was suprised by the sentence "coal, perhaps even nuclear power". Nuclear power is one of the most green, but at the same time reliable and powerful option we currently have :D
If you want to call the toxic waste that needs literally 200 000 years to decay and is physically impossible to store safely for such a long time green, then yes. Nuclear power is "green". Never ever forget or ignore the waste. To this day only Finnland got a real nuclear waste disposal and the pile of waste piles up since over 60 years in the whole world...
Where is the most nuclear fuel created? Oh yeah, Russia. Maybe if Europe is to survive next time they are told by the US to fund train and equip authentic nazis murdering 10s of thousands of Russian speakers in the most corrupt country. For 8 years Russia has tried to get the UN and others to do something about that but it was blocked and only more money and weapons were funneled into Ukraine. Russia had it with the west being so aggressive and moving US nukes right up to Russias border. Russia has many friendly countries as trade partners so it is abandoning any contact trade or relations with the US controlled Europe. It needs nothing from Europe so it is fine focusing on the growing economies of the Global South and East.
It is not just energy that Europe has chosen do give up, but 187 other materials that Russia is the largest producer in the world that are used in every industry, plus it produces 45% of the worlds wheat and other food products.
Imports of LNG from the US is a very short term alternative since Fracked gas fields are all way past peak and declining rapidly so gas prices are going to explode Being at the mercy of the US is very risky, the domestic costs of gas has increased 50% for home owners and will double again this year in the US so they will be able to get Europe to agree to any illadvised geopolitical schemes. For exampy Europe is being pushed to support the war on China which is essential for Euope for any consumer goods and industries. Washington is laughing about pulling this off, forcing Europe first to fund the Nazi regime in Ukraine and use up all their own war materialle but be even more dependent on the US so Europe will have to supply the troops for any war the US cooks up.
Germany as the industrial engine of Europe has already lost its largest industry, the auto manufacturers. Sales have been rapidly declining for years and they were so late to consider electric vehicles that the entire EV industry has shifted to one company in the US and 140 companies in China. Tesla is the tech leader and build the one plant in Germany but vows never to invest in Europe again after akl the red tape and hostility of the German regulators made building that one factory a nightmare. The China market was Germany's largest and 60% of new cars bought in booming China are EV and Europe has no competive products to offer. VW as the largest in Europe with many brands in its group admits they are far behind and will have to shrink the company to remain in business.
Tourism is a major industry for Europe and that is hit hard also, since the country with the most tourists on foreign vacations is China and a major source if travelers has been Russia, by blocking them and losing air space access to the East, tourism will drop at least 50% next summer.
Europe's leaders are some of the least competent in the world and consistently put politics ahead of their populations and Brussels is out of control making the 400 years of European significance in the world, drop below the East which had 4000 years of dominance and appears to be already the most essential countries again.
As US controlled NATO expands right up to Russia's border again, with US missiles 6 minutes flight time to Russia, Russia is not going to tolerate yet again another threat from the west. Using Ukraine as a proxy war on Russian NATO has exposed itself as weak and incompetent. Allowing the US however to place its missiles aimed at Russia right on its border, Europe is going to pay a very heavy price for such aggressive behavior and subserviance to NEO-Cons in Washington who are pushing for a new world war fought in Europe, again. The extreme propaganda in European media is creating acceptance by the people for increased hostilities towards Russia. When the current contracts expire this fall, they will not be renewed for any commodities to unfriendly countries so you will be even more under US heel as you beg for commodities at double or triple the prices and 1/2 the quantity. One head of state has already fallen due to his pushing the US proxy war on Russia, Germany will certainly have to replace their current extremist leaders, so one after another political parties are going to be ousted by angry mods like is happening in the Netherlands now. Every airline is in trouble, since the most profitable route was to Asia, that traffic is almost halted since you banned Russian planes entering Europe air space, no European or US planes can fly to the east. That is likely a permanent ban due to Europe's aggression. Russia's economy was supposed to be crushed by the US proxy war but the opposite has happened, Europe is declining rapidly as well as the US and Russia, a country with almost no debt, private or public, has actually grown due to the sanctions that no one even thought 1 second about the consequences of sanctioning a large economy's central bank and cutting it out of the SWIFT system. That only made Russia more attractive for investment and it has signed traded deals with dozens of countries since. By breaking the international financial system it has caused other countries to start trading in alternative currencies which undermines the US dollar domination. Many countries have pulled their reserves out of Europe and the US due to the risk to their assets when for any or no reason the US or Europe can just steal it with no recource. 70% of the world populationis outside of US dominated world order, when before March there was a unipolar empire but those sanctions broke that into a multipolar world with most of the people in the world are outside the old unipolar empire, the growing countries have been lost to the collective west.Every day more trade is settled outside of the control of the US Dollar, just as Europe for the remainder of the winding down trade with Russia is not done with a gold backed ruble. Europe is on the wrong side of that shift to a new world order and it means rapid decline. Good luck in the new world you do not control any more.
@@stanspb763 Holy mate, either you are paid, or completely delusional, but no worries, time will show you the truth :)
ehhhhhhhh short term maybe, there are proven constant health issues for humans though, leakage of radioactive elements into water supplies is a big concern
@@mustacheman2549 You're spreading fearmongering bullshit. There are no "constant health issues" for humans, since NPPs literally don't reject anything into the environment under normal operation. The only "leakage" there is is heavily diluted tritium under concentrations so low that they don't meaningfully affect our biology: You're literally more exposed to radioactivity when eating a banana or visiting a granite home.
Coal power plants, on the other hand, freely dump massive amounts of radioactive ash (uranium and thorium) into the atmosphere. But nobody cares about that, apparently.
Stop getting your nuclear industry facts from the Simpsons, and start looking up actually reputable sources and studies.
“Even nuuuclear energy” Damn Europe really got scarred by Chernobyl
No they were scared by greens and lefts. Nuclear energy is the only way .
It's was of Soviet design and Soviet control so : Bull
@@PETE4955 ukrainian*
Lol, it was mostly the Germans that used Fukushima as an excuse to get rid of their nuclear plants. Finland, France, UK, Spain and Italy and Poland either operator nuclear power on a large scale or have been planning to introduce it for a long time. German politicians wanted to strike a deal with the "Green party" and that involved ending nuclear power.
Media demonizing stuff and lack of education.
It's this simple: at a time when Germany was paying $4 per unit of Russian gas for its car manufacturing, Japan was paying $8 for imported LNG.
Ask yourself this: how competitive will EU products be on the world markets when it's energy costs have doubled?
Exactly the correct argument : Europe is shooting itself in the foot to please America and the nebulous concept of 'shared western values'. Europe may be able to find substitutes for Russian gas - after years, and it will always be more expensive. Alternative to Russian gas is decline in living standards.
@@johnadam2885 That “nebulous” brings back memory of when it was applied to Theresa May... Now everyone's trapped in another quagmire.
Russia has stopped delivering the gas, remember?
@@johnadam2885 "To please The United States (which is not "America" btw)" ? Do you really think European democracies would have any interest in letting an authoritarian regime invade a neighboring country located at their border ?
Putin gave them no other choice... and Russians will have to pay the price for the decades to come.
@@artiefakt4402 'Putin gave them no other choice...'
Liar, Putin asked you to give a security guarantee that Ukraine will not be used to place US missile and naval bases. EU, US and NATO refused. So don't lie. Then Russia said it will go ahead with technical military action.
Russia told you what was your mischief, they warned you of the consequences, you did not believe it, so you got the beating of your life. Now Russia has the upper hand, they do not want to negotiate.
'and Russians will have to pay the price for the decades to come....'
What about the price Ukrainians and Europeans are paying ? Russians at least have heating and food.
When i said nuclear power was the greatest option when i drove trough france with my family the immediate response was:"i dont want that scary thing in my country, chernobyl might happen." Or "it creates nuclear waste thats bad for the environment". Even when i tried to explain they responded emotionally instead of rationally (except for my dad cause he agreed with me lol), and i think its a perfect representation of modern society.
Russia is main supplier of Nuclear fuel.
Uranium and thorium and plutonium are not rare elements, they are sold by basically everyone
@@Capeau No. He talks about how most argument on nuclear power are based on fear (emotion) not logic or rational thought. Even if you live next door nuclear plant you will get more radioactivity from other source like air-planes or x-ray then said plant. The same is for waste. The coal plant with the same capacity as nuclear plant would release more radioactive substances(mostly argon, but uranium is also in coal ash) into air then nuclear plant produces and in case of nuclear it's not released into air but carefully stored.
There is huge emotional fear-propaganda about nuclear power. You see it everywhere - movies, books, games, everywhere. Many people truly believe in that leaking glowing barrels of radioactive substance that is commonly shown. You can assume who sponsor all these anti-nuclear movement and who profited from it. Unlike gas or oil which is held by few, fuel for nuclear plants is more abundant and more evenly spread across the globe. It's harder to manipulate it's price, use it as political weapon or create monopolistic groups to protects your interests.
The same about radioactive waste. Even without recycling the waste produced by nuclear plant is very small. Of course some numbers without contest can sound large. Even by most overstated anti-nuclear brochure 1GW nuclear plant would produce 50 metric tons (110 000 lbs) of radioactive nuclear waste a year with volume around 20 cubic meters (4400 Gallons). It may sound like a lot, but 1GW coal plant would produce 300 000 metric tons ( 662 000 000 lbs) of ash and 6 000 000 metric tons (13 000 000 000 lbs) of CO2. And it's freely thrown into atmosphere or into random ground without much control.
If you compare it to lifetime it produces even less waste then wind or solar plants. Both their production and alloys they made from are not that good. Problem with storing nuclear waste never was about actual space it takes. It's mostly about fear.
And all that assuming the original overstated 50 metric tones by anti-nuclear movement. Not only it doesn't take into account new reactors, but totally ignores recycling (yes you can recycle nuclear waste!), so in reality it's 1/3 of that value.
There is no cleaner energy with less waste then nuclear, outside of geothermal. But that one is very location dependant and simply not available for most countries.
@@ravensblade Nuclear has decades of funding to get where it is now while renewables are just becoming trendy. So the comparison is off.
Nuclear is part of the answer but it’s not the only answer. For instance, it’s not cheap at all but takes a lot to build and maintain.
Europe needs both. Nuclear and renewables.
Renewables for instance are much better suited for private households but that’s a massive part of the energy mix. Imagine every single roof etc. being equipped with solar panels for a start.
Sure, it would be expensive to develop such a system but then you would eventually only need the traditional energy sources like gas and oil as well as nuclear for different projects, like the heavy industry aso. aka. we would be much less dependent and in a few decades, that would pay off big time because we would no longer need to import energy from dictatorships.
@@djurote3932 not really , Africa is even cheaper and iirc there is some uranium in the Nordics
Your didn't mention a few things:
1- LNG is inherently more expensive than pipeline gas, as it has to be liquefied, transported by tanker, and re-gasified at the port of destination.
2- Even if they manage to build the necessary LNG infrastructure, building the number of LNG freight vessels necessary to supply the EU with quantities of natural gas comparable to those it imported from Russia will take years and will cost billions, which will inevitable trickle down to the consumers. That is, if they even manage to secure shipyards with the capacity to manufacture said vessels in the necessary quantities.
3- Both Algeria and Qatar are unable to supply Europe with more gas; Algeria's domestic gas consumption amounts to roughly 50% of it's production capacity, while the remaining 50% are exported. Qatar, on the other hand, has it's LNG tied up in lucrative east Asian contracts for years, and they won't be able to export more gas until they develop their northern gas field by 2025 at the earliest.
4- The EU's skepticism towards nuclear energy has rendered it decades behind industry leaders, as shown by the recent shutdown of 28 of France's 56 reactors due to defects and poor maintenance.
5- Renewable energy, while trendy, is not a sustainable energy source; while wind turbines and solar panels can alleviate some of the off-peak household demand for electricity, they don't produce nearly enough energy for heavy industry, which still requires coal or natural gas. Add to that the constant overhauls required to maintain the efficiency of wind turbines (air friction grinds their blades down much faster than expected), and you're stuck with a very inefficient power grid.
In a nutshell: yes, the EU is most certainly f*cked.
The materials to building renewable energy facilities are from mostly Africa and Southern America, China, Russia. BRICS countries rule these segment and if necessary they cut these from the west.
Lol some shut down of the reactors were effectively due to maintenance issues but it was because of the lock down and the pandemic.
Exactly the hole point here is not the Russian influence or dependence to energy, it is actually the USA wanting EU to be weak
@@tismamilan76 ???
Explain why America wants Europe weak.
I thought America only wants to destroy the whole world except Europe, Japan, S. Korea, India, Saudi, UAE, Zionist entity.
The other question also has to be answered.
Can Russia survive without Europeans buying their gas.
In the long run, without cheap Russian energy, European industrial competition cannot win against Asia.
Nobody ever expected it to.
It can
Asia buys Cheap Russian GAs like Crazy
@@cordfortina9073 We'll wear a goddamn sweater.
@@demoniack81 And ride bicycles, and lose your industries gradually.
Just a small correction - it's 'Dąbrowa Górnicza', so even if you remove the specials polish letters, you're left with 'Dabrowa Gornicza'
Nie rozumiem po polsku
this will increase natural gas, oil and coal prices worldwide. cause russia is a major producer of all 3 and no one can buy it cheaper from russia than the europeans due to the existing infrastructure. finding new customers will require russia to build new infrastructure which will increase the downstream cost of all 3 commodities worldwide.
In the near future, say 10-15 years the cost of gas will dramatically crash, because of this crisis the world is being pushed to come up with other alternatives to gas and once it is there, gas will have few buyers hence the cost drops.
@@clementmuhirwa cap
@@basilmagnanimous7011 I agree, Russia miscalculated this war it wanted short term earnings but did not look into the future, the richest companies in the world are tech companies not oil and gas. Oil and gas are everywhere in the world; with the right investment new sources will emerge, In Rwanda there is a huge amount of gas buried under lake Kivu, in uganda there is a lot if oil same as south Sudan give it 10years gas price will be cheaper as water. Russia committed future economic suicide by invading Ukraine. Infact by year 2025 the gas price will start declining due to Russia has a lot of stock pile and it is running out of money to fund its economy, UAE is drilling more, Investors are investing heavily into gas+oil exploration.
@@basilmagnanimous7011 or eu can invest in building nuclear reactors. And can build new one in 5 years . France in Finland can help with it . Then eu won't need neither Latin America nor Africa. And show the word no matter how many resources you have , intelligence is most important in 21st sentry.
gas, oil, coal and enriched uranium too! all 4 )
Europe first needs to improve energy efficiency of residential buildings. There is so much to do in this field. Thermomodernisation can cut energy needs in half. The main problem is, this should be done BEFORE crisis - not during the crisis. Most countries failed at it.
Well crisis started in 2014
Yeah production of insulation etc needs energy and raw materials... shocker
@@pawelzybulskij3367 not the energy crisis. fracking in the us did the opposite of a crisis at that time.
@@Embassy_of_Jupiter higher efficiency in times of abundance means more security in times of scarcity.
€á’t bü’gs €u’rópóórs
TLDR (not this video, just in general): yes ,europe can exist without russian resources and markets. However, the time until we find need suppliers is going to be rough. the golden years are definitley over.
For a time. But once we will be able to produce our energy at home, with efficient industry, we might get a golden age never seen before.
@@mrsupremegascon golden age requires cheap energy and other commodities. Renewable are very far from cheap.
@@TheSinzy Once it's running, it is cheap.
@@mrsupremegascon How long and how much do you think it will cost to convert Europe's energy infrastructure to wind and solar? Is there enough lithium to do it?
@@rutessian The cost is not that much an issue, the return of producing our own energy will be huge compared to importing energy.
Yes, it will take time, but we are already more than 20% renewable, 20% Nuclear, and 20% is coal (not nice but still domestic).
So we "just" need to replace the 40% remaining. Which with the rate of solar and wind growth + the rehabilitation of nuclear plant in France can be mostly achieved in less than 10 years.
It will be hard, but can be done, and the industrial benefit will be great.
Id say this 2,5 year plan to build pipelines and regasification terminals is NOTHING BUT A DREAM...Also shipping capacity and LNG production capacity are much bigger problems than those u listed here...and dont forget the PRICE of LNG in comparison with piped gas...
there's only 2 plausible future for this. either europe gave up it's sanctions and face USA animosity, or it'll be de-industrialized, causing mass corporate migration to the US, plunging the living standard of europe into that of 3rd world countries. either way europe is the only loser in this.
@@far_centrist No...there are other options too...it depends on how Europe will build its policy with Russia, China and other countries...this will lead to different outcomes...
@@emberspirit6375 yes but i dont see that's how it's going to go. If the EU really cares about it's economy instead of it's continuous virtue signaling, they would have done it by now. Germany had shut down several of it's factories, so does italy. France had started talking about energy rationing, yet the only thing they talk about is how to be freed of russian energy, by the end of (insert date here). And von der leyen is clearly on the side of fighting russia at any cost.
@@far_centrist but what about European ppl? I always heared that European countries are democracies which i always thought if ppl chose to change their govts they can simply vote for this and install any govts they want?? But what i see now? They simply cant? So whats the point of democracy itself when it doesnt work?? Why Western contries ruined so much coutries in the name of imaginary freedom?
@@emberspirit6375 numuves had a video about it, i forgot the title, but something like "is america really a democracy"
Mark rutte just seized the lands of dutch farmers because of the green agenda. Protest in germany as well as france, but it fell on deaf ear. UK Johnson had resigned, but his replacement shares the same ideology. In fact everyone in the parliament is in support of ukr, whatever the cost.
The solution to all this would have been so simple, and even better before the war began. If nato just give guarantee not to expand further. Today it can still be stopped through diplomacy, but at this point russia would want land concession, which is bad for ukr. But the west cant do that because it will be perceived as defeat. Especially after investing so heavily in ukr's victory with it's "advanced" weaponry (i put quotation because the way the media sells it, their weapon is space tech while russia is using medieval trebuchet. Admitting defeat would cost the arms manufacturer a lot because if their weapons dont win the war in ukr, the reputation of their weapons would be tarnished. and they had much power over US politicians, which is why no one is pushing for peaceful, diplomatic solutions).
The lawmaker, the politicians, the billionaires, and the 1%, they can weather through this coz they're rich, so they can play the long game with russia. The common people however, can't. Even today you can observe the standards of living in europe is dropping hard. EUR has reach parity with USD, even though both is facing recession. The US can bear through this, because if they forego the green agenda, they can become energy independent. The EU relies completely on imports for their energy. but for some reason the EU is following them to the gates of hell if need be, for reasons beyond me.
USA seems to be doing mighty fine out of this calamity 👀
as usual
Yeah. They've long been opposed to Europe using Russian gas. Want us to buy it expensive from them instead. Promoted the "never negotiate" European approach to Russia over Ukraine strongly. One doesn't condone the war by saying the US had interests in it.
Nuclear Energy : Is one of the safest and most reliable energy options available
Europe : Decomissions nuclear plants at breakneck speeds
Russia : Stops coal and gas exports
Europe : "Oh boy what do we do now??"
I correct you, that it was Europe's initiation to cut coal and gas import from Russia
Respectfully, nuclear energy is not exactly safe and most reliable energy option if you use fission option. However, if you use fusion option; yes that’s safe and reliable. Still, the fusion reactor is still in infancy
Unprepared in making a reliable renewable energy sector.
Having excess energy from wind and solar could overwhelm the grid and cause black outs. We don't have enough the batteries to store up the excess energy. Especially for solar when we need it most. More solar panels only makes the duck curve problem worst, we get the most amount of sunlight in mid day and we use the least amount of energy during midday. Also europe sits at a higher latitude than the US, which can has less of an issue since they use more energy during midday through air conditioners. A solar panel in the US will be more cost effective since they're getting 100's to 1000's of more hours of sunlight each year than Europe does.
The country with the largest and most consistent wind and tidal potential that is also close to their population centre has left the EU. Having wind turbines close to population centres decreases the tonnage of copper needed for the wiring and energy lost to resistance. Offshore wind turbines generate much more consistent power than onshore, unless it's high on mountains peak but it's expensive to set up large wind turbines on mountains. It's difficult transporting turbine blade larger than 50m up mountains, that requires good road infrastructure. Larger turbines are more efficient than smaller turbines, but their also much heavier and likely to erode ground beneath them during bad weather.
Germany getting rid of its nuclear plants before they had a robust renewable energy sector was a big mistake.
@@MegaMrWrong "Having excess energy from wind and solar could overwhelm the grid and cause black outs"
Even 7-year olds here know that you can put a brake on wind turbines and a cover on solar panels. That is exactly what we do when we produce excess energy.
Your concerns are due to a lack of knowledge on the topic.
@@Thor.Jorgensenpowering them down makes it a poor investment, paying customer and wind turbines to power down will hurt profit margins. You essentially have to build more wind turbines to make up for lower capacity factor. It's a trade off of efficiency for redundancy.
Nuclear power and renewable don't mix well due to the time it takes to power up or down. Nuclear is already expensive to set up as it is so that have to run flat out to make it for it's expensive upfront cost, it's mainly good for providing a base load for electricity, which is more suited for Southern Germany where there are less wind turbine If Germany uses Nuclear in the flatter Northern part of their country they'll have to shut off wind more frequently. They need natural gas to handle the daily energy fluctuations either way.
@@MegaMrWrong Powering down wind turbines and solar panels is just as bad an investment as powering down a nuclear power plant, an oil power plant, a gas power plant, or a coal power plant.
It makes no difference in that area.
It does not take time to power down. Your argument is invalid.
"High energy prices due to invasion in Ukraine" - it's like to shoot your own leg and to blame the arms dealer for it.
ITT OP huffed too much paint and now doesn't understand geopolitics, it's okay it's not for everyone. You need at least 5iq to understand it, or, you know, watch the video.
@@fahimrind9714 it's a symptom of Ideology and Identity Driven Politics. even the Allies (who could have stopped the Nazis in Rhineland as their Armies were simply much Better than the Wehrmacht from the full interwar years and were still more mechanized even by the outbreak of war in 1939, unrestricted and economically not screwed compared to Germany) in WW2 did better in Biting their Tongue in their Apeasement strategy to buy time. they knew Nazism was a Problem as an ideology in Europe but didn't outright try much to blockade a country that was in Autarky along with writing poetry for the Invasion of Austria and the Dual state Czechoslovakia, Poland was the Last straw citing dishonorable negotiation after Germany broke apart what was left of Czechoslovakia in the annexation of Bohemian protectorate, Slovakian puppet regime and giving southern Slovakia to Hungary in the First Vienna Awards; since after all, he not only took non-German territory which was the basis of Anschluss (which could have been democratically performed in 1919 if not barred by the Treaty of Versailles since Austria lost its Identity as the Seat of the Hapsburg empire and spent the interwar years trying to find something to agree upon) and Sudetenland but also broke promises of peace and promises of no more territorial expansion.
those who don't learn from history are bound to repeat it in the name of ideology and their own naivety. Pompeyists and Ceasarites wouldn't be too surprised that a nation would do what they did IE Davidians fighting for Independence from a Lincolnite Union (acting first doesn't mean starting something, especially since Succession is the at of Running away from an oppressive government instead of fighting it from the inside to change it. Lincoln Chased and Raped the South (Imperialist America was the Baby that took after the Father and Murdered both Parents, Set the Church Ablaze since, in accord to protocol assigned by Idealo God and his Pantheon Cabinet of Everything Moral; Firearms were Controlled, and finally called all of its opposition Genocidal Nazis before Wrist Slicing itself because no one wanted to Compromise anymore with it, only the Devil would have Adopted such a Child who immigrated from life it didn't try to fix by procurement of a productive pull yourself up by the bootstraps method) after it Ran from the Abusive mercantile Relationship, Succession being the Restraining order. Sumpter was a Kick in the Balls since Asking nicely to remove the Blockade which starved the south into only sticking to Slavery 4 times had Failed. the Protest before succession was first with Fort Sumpter originally being state property of the state that left being stolen. so aside from a kick in the balls it was a slap to slap away the hand of the Union in Restraining the south who was seen as a lesser entity; much as misogynists belittle the Reputation of the Other Gender literally being the last 3 (Seriously, 3 attempts to try and buy back the stolen fort, Lincoln barred Diplomacy and he declared war as soon as a militia shelled sumpter using their Second Amendment Rights to Fight Tyranny which incurred the whole crackdown to begin with))
Britain and France had Colonial Empires and Navies to protect access to their Resources which have since had the extraction infrastructure destroyed by locals after Decolonization (in fact many photographs of Colonial Africa look more Modern than some Actual modern Photographs because Decolonization didn't leave any intelligencia niche in post-colonial society behind to help guide Africa afterward)
the free world should have taken consumerism and somewhat balanced it with industrialism since De-Industrialization has only Benefited Tyrants whose people are ironically more willing to do the work, many of which constitute as the fleeing migrants and even refugees from many of these despotholes. with no economic plan rooted in practicality and instead rooted in ideology, our economies only stand in more danger of Peril as thanks to the money held by the modern Aristocracy have begun turning the world into a neo-feudalistic extractionist economy.
@@collaborisgaming2190 What free world is that? Europe certainly does not reflect the will of the people and the US never did. Russia is a more open democracy than the US by far. There would be no Europe today is the USSR had not defeated Nazism at tremendous cost. Now Europe is supporting true Nazis again and Russia is not going to bail Europe out again. Instead Europe is moving missiles right to Russia's border which is not going to end well. The US is pushing for another European land war and clueless corrupt EU leaders are obeying at great risk to the people.
to further elaborate, Economies need 3 key things to Flow and Thrive; Consumers, Workers, and Coordinators. Coordination as proven throughout history requires Strong Leadership and Trust in Leadership no matter what, Corporations have this in mind as much as the military would for Command Structures. using Demand data from the Consumers mixed in with Logistical Concerns and their own Direction (IE Musk wanting to Buy out Twitter to replace the old owner who didn't believe in Free Speech or Disney struggling for the Ability to somewhat Replace Parents as an influence and to Codify through unconstitutional means (like seriously, we have an amendment system for a reason that we have used in the Past to make it Unconstitutional to Drink Alcohol during Prohibition and later on Repeal that amendment (yes you got that Right, an Amendment just to Repeal an Ammendment)) A Human Right never mentioned in the constitution to be Enforced by the Constitution, an Unelected Court of Judges and Dis-empowered States who have their Vote Violated by unconstitutional Acts. as someone who tends to delve into Function, Repealing Roe v Wade is literally putting Agency back into the Hands of the People to use the Democratic Proccess to Codify Roe v Wade as per the will of the people's local States; Enabling Democracy, just like Ceasar did by Packing the Senate to better Represent African conquests and Gaelics alike in the Growing Roman Republic). in old Fuedalism the Coordinators were Always the Aristocracy who benefited from the Wealth sold from what their Serfs and Feifs (whom were still paid, it was a mixture of socialism and Authoritarianism since the Homes were Aristocratic Property fundamentally much like how Shelters subsidized by the Government are Government Property) produced. the Economy Worked on working the land and Extracting Resources all over the World since Humanity first Settled the Planet instead of Being Nomadic, as there was more Value in growing food instead of Hunting for it since everyone could logistically participate whether man, woman, or child compared to Hunting that was male Exclusive while Women and Children were Delegated to Growing up and Foraging Wild plants for that half of the Diet (Paleo Diets are a Callback to that old Survival Strategy) Coordinators often lead hunts (hunting was where most of the calories came from) as they led the logistics of Farming (once the balance of hunting and farming was superseded by Farming, the first Sportsman being the last Hunters of necessity who made it tradition out of nostalgia, Sports owes it's rooted in Survival be it Hunting or War) in both Paleolithic and Neolithic societies
Workers did the Grunt work for not only Production but also Logistics and they are the ones on the Ground who eventually must inform the capability their firm has when asked about capacity, Workers higher up in the Command Chain similar to NCOs, COs, and anything Higher than a First grade Luitenant somewhat bear Responsibility to Improve Efficiency. Soldiers are Workers of War as Workers are Soldiers on the Economic War, Companies are economic nations of their own and thus the Similarity Blurs the line between a CEO and a Political Leader, Aristocrats Play both Roles and when CEOs who have Greatly Surpassed the Entirely Political Government Caste in our Society suddenly want to Change a Country's Direction, the Roles CEOs play can only become more Aristocratic as a Class of Elites in their Influence over Society, Exert their control over the People often using their Power physically to back an ideology that's more likely to Covertly or Subvert the people's Natural Free Will. Pride month is a Modern Example of such a Political Machination. people don't link Pride with any kind of Systemicatic judicature but instead as a Resistance within Them, Corporations simply publically proclaim support whether or not they support it. in the Middle Ages, it was Religion, that ideas Above mankind's seen as divinely supported and to be faithful often adopted by the Pious to form their Identity (Pride month hooks onto the Identities categorically associated with the LQBT+ Community the Same way). In Europe it was Christianity, in most of Africa and the Middle East it was Islam (Christianity was being replaced by Islam throughout the middle ages due to the Convert or Genocide approach which was only beaten back by the First Crusade which didn't resort to Genocidal Tactics), in India it was Bhuddised (Bhudism purely is philosophical and can be used to Augment other Religions if Compatibly) Hinduism or Orthodox Hinduism, in China it was Confuscianism in areas, Taoism in Parts and Legalism (it became somewhat of a religion in China) within Centralized Governments periodically. Shintoism which backed the Emperor's Divinity and in the name of Which Warlords in Japan fought for Rice Pads. in the Secular world today for the Average Worker; it's their pursuit to Happiness with augmentations on that premise, Spiritually Enhanced and Restricted from "Going to far" whether or not it would otherwise by Religion who was a guiding force the people trusted until the Reformation when people finally could access a bible and learn to read themselves (most education was given to either be a merchant, Lawyer, Leader or Preist in medieval society)
Consumers in many cases Produce the money and in their monetary Vote; is the Demand information Extracted by Workers to provide coordinators with. often Workers and Consumers can be the same people in a Society with a more Even Ballance of Servitude to Freedom when it comes to being paid enough to have Income not taken up in Mandated Expenses like Debt Payments and Service Bills for Essentially like Cars, Insurance, Electricity, and Water. the Logistics to fulfill many self-actualization categories in pyramids tend to become a lifelong task for both workers and Consumers. Extractions Economies tend to Minimize the Agency of the Buyer in a bid to make its yield higher by paying less and giving opportunities even lesser. the Soviet Union used its Brand of Science to Convince and maintain an Extractionist system in a Bid for the Communist party (their equivalent to an Aristocracy) from losing power since Religion was basically thanks to the Reformation now Against most Extractionist systems. Private Property as the Free World understands it was more or less invented by Christians who began to Question Corruption within the Catholic Church. the Question never came up in most orthodox countries in Europe thanks to Aristocrats and the Cardinal sin of Greed managing to not be Overturned unless conquered IE how the Golden Bull not only Destroyed Hungary but allowed ottoman Islamic Expansion into Europe since Islam by the Quran is somewhat of a War Religion. Early Christianity was forced to be peaceful thanks to a Holocaust the Romans maintained from 33 Ad to roughly 312 BC (which was Blamed on Jews commonly during the Middle Ages because the Jews despite being more Rebellious according to Romans has more influence in the Roman Empire politically through Economics. it also doesn't help that the Pharisees claim that Emperor Nero converted to Judaism at some point during his reign in their Reactionary text (Reaction to the New Testament); The Talmud. which somewhat forced Rome to Oppose Christianity in any way it Could, Nero was Alive at the Time Period and did infact arrest and Place Apostle John under House Arrest (just before the Book of Revelations was written in 92 AD by John himself) in Greece for a reason i never quite Researched. History is a Mess to Organize)
the Triangular Trade/ Atlantic slave Trade was somewhat of a mechanization of this principle; the Americas were Consumers, Europe were Coordinators, and Africa (due to providing slaves on their own without any European assistance, no there were no white people hunting Africans to Enslave Africans, this was entirely an African Affair) were the workers who were paid to buy for their own coordinators (of their slave trade based Economies for their own consumerism and Imperial Expansion Directions) and the Consumers in Africa (whom also owned slaves wrought by the Economies of African empires and). Europe's Direction was the Extraction of American Wealth, in which African Slaves replaced the Native Americans after dying from European Diseases (circumstantial since that's what a Geographical Divide can cause over Thousands of Years), the American colonies bought goods and slaves from Europe and Africa whom as Workers for Europe accosted Europe with Logistics. eventually fed up with Taking orders from Europe and the fact that Consumerism was suddenly more difficult to Partake in after the French and Indian war (that Ironically George Washington fired the first shot of as a Soldier in the British Army) led to the Desire that Americans at least in the 13 colonies wanted to and Should take up the Role of Local Coordinator of themselves so then they could Re-Ballance the placation of their Consumerism. no one wants to be punished by Bosses who don't listen and at some point, even if Punishable by Death or otherwise death in the eyes of Society, Mutiny and Dissent are catalyzed by the urge to transform Desire to a new Route in the Pursuit of Happiness in which turns Aspirations into Action which can coordinate others to make More Opportunities as Desired, the situation combined with arousal towards a solution was why the American Revolutionary War broke out mechanically.
Work was always a part of Paradise since the Garden of Eden in the Book of Genesis in Abrahamic Religions, Adam and Eve literally Worked the Garden of Eden in order to feed themselves from what God Planted in the Old Tale. Under this context, it would make sense that the Pursuit of Happiness would fall on deaf ears without Work to even produce what's needed for one's Self Gratification.
The West's Democratic nature tends to Inspire a lack of trust which is the first step to toppling any cohesion a Coordinator like Biden could bestow on Nato (America has Sponsored Genocides, Example being Operation Search Light; the Pakistani Genocide of Bangladesh. done just to keep an ally to counter India With because Russia was influencing their elections a little too Hardly) Let alone his own Country. we are too ideologically afraid of the Reality that our decisions handed along with our poetry now force us to adopt decisions that would otherwise be more or less taboo in many strong proponent circles of the Free World. the best chance we have to win this cold war of attrition is to reverse the Decline and Solve the Stagnation in the Economy in order to rebalance the Agency, to Rejuvenate Economic Cycling. the Soviets fell when the Economy fell the last time any country had to hold Resolve for ideology to win a cold war that can't be turned hot behest the World's Destruction. the West if not Careful may befall that Collapse as Sub-Identities of greater nations Threaten to take up priority over the Good of the Realm. it can't be voluntary if Work is directly Advocated Against which has slowly Gained Ground over the Last Decade. if the polarization was a scale, then tipping the scale is a disbalance. when both sides have equal control and aren't radical, is when those peoples feel the closest together, so by logic, if one side was too affluent and against the scale's purpose then the right solution would be to take the weight off or to counterweight by adding more weight to the Lighter Party, Wrestlers and Centrists can Agree that Weight and Influence on Victory are one and the Same, it takes a skilled sportsman to tackle and pin a heavier contestant, just as it takes a skilled leader to bridge content where Gaps divide. truth can hurt some more than others. those who don't want to work must come to bear the realization that with work, the soft can train to become great. Humility must be somewhat doned for the good of all in order to ensure to many leaders don't lead a commune astray or to completely strike a labor force down in Mutiny. leaders must be considerate in turn for even the workers who made them an enemy. just as men never could conquer this planet alone, some ambitions must be abandoned for the Common Good of all mankind. God doesn't see a Democrat or Republican but 2 people who argue between each other and their new Religion of ideology that subverts that of his own. that places Nation above Religion that Transcended Nationhood; the Original Internationale was not Marxist but was the order held in obedience to God. Nationalism was invented by the secular to subvert God and now they Subvert Nationalism to Reverse the new Barrier they made which conservatives once opposed now upheld since conservatives want a status quo. those who want change no matter the direction are no longer Conservatives by nature but one wing of Reformism.
I love the channel! Keep up the good work. Thank you for the video. What's happening is quite scarry..
Thank you! Feel free to join the Into Europe discord server!
Eventually, nations will finally realise that nuclear energy is still the most reliable.
You can also see this from the other side. Because there's an energy crunch the EU will be forced to innovate and be at the forefront of renewable energy projects and investments, which will eventually be the main source of energy for the world in the future. By the EU being at the bleeding edge they can actually become the future market leaders in these fields which might result in the EU becoming an even bigger economic powerhouse in the future. I think the pain will only be in the short term and even then it's not as bad as people make it seem.
Aye. Hard times are tough in the moment but they can also form the backbone of new generations.
I love this perspective
it will take time which will hurt in short to medium term with risks for the long run
"this bad thing that's happening is actually good you know", who knew Europe getting cheap materials from Russia was actually holding Europe back, one would think Europe should've sanctioned Russia 20 years ago then.
XD You know Ifo, that's the main German economy research centre. They went through the numbers, and guess what they figured out?
You can't run Germanies economy on green energy.
Now imagine Germanies economy falling into pieces.
And by that I mean, when you turn of a chemical plant, they shit hardens in the pipes. And you can tear it all down, maybe build it up some day. When this Ukraine will join NATO shit show ends.
How the other EU countries will do?
But hey, you watched some nice green party tv spots, that promised you the sky.
And wait, the best thing is, you believed a politician telling the truth. XD
You know who will win from all of this, USA and China. When Europe's economy will be in shambles.
Meanwhile Norway sitting ontop of the largest offshore gas field.
If only someone was willing to invest in this sector instead of doing nothing.
nah dont need more gas more renwables or nuclear only
@@davidlubkowski7175 countries are literally reopening coal plants due to the energy crisis, we are past that already...
Norway has been investing in it since the 1950s.
@@davidlubkowski7175 with current technology renewables are a daydream. Its insuficient, unreliable, and expensive.
It is kind of pointless. It takes about 15 years to develop a new field. Gas can either be transported by pipeline or by LNG, which is expensive and wasteful. So EU is practically the only gas customer (Norway is in a quite similar predicament as Russia here), and with EU going through their transiton the demand will have collapsed by 2035-2040. Maybe Putin isn't president by then, and then there would also be competition with Russia, North Africa and LNG.
Outside of EU there will certainly be a demand for fossil fuels in that time frame, but there will also be a large number of suppliers chasing a disappearing market. and in a "survival of the cheapest" Norway wouldn't do well.
The next five years are going to be very sweet for Norwegian fossil industry. The following five should also be good, but thereafter the profitability will go down and the risk go up.
One of the best, factually correct videos on this topic. Our politicians have gone mad.
its a hard situation. What do you suggest we do?
@@PipMane remove sanctions
@@differentsoul21 so Russia get's hundreds of billions from us to destroy Ukraine. It's out of question. If you don't feel about killing Ukrainians, that's on you, psychopath. But everyone else does feel some empathy and responsibility
I’m not sure it’s your own politicians decision, because they had to analyse and make a prognosis (energy crisis started not in February but the year ago). The only one country eho needs it I guess said to your politicians to make that sanctions which killing your progress because they have oil they can sell you very expensive, they have most stable economic and also they have gas… if your companies can’t develop in Europe how do you think where they will move manufacture?) I know where🙄 it’s looks like only one country getting goods , the one who’s debt if the highest in the world, who needs to get a lot of money in short time😞 unfortunately that’s what I see
It's all USA's fault. And our stupid politicians are all happy with additional bonuses they are getting privatelly. I think europe wont survive much longer if this kind of stupidity will go on. The main problem is that there is no influence of local countries on which people are at the top of EU.
I am far more optimistic, this will be one hard winter and then it is done.
So much has allready changed and the companys do well.
And hundreds of bots commented "This is our opportunity to start producing renewables" 🤣
But they have a plan :)
Yes, but they're stipid and killed every form of energy production they had.
what is a clean energy, is that the one that is using a lot of rare earth metalls that are mined in not a very clean way?
That's the one! And the one that quits working when you need it.
By slave labour
Gas exports to China via the Power of Siberia gas pipeline under a bilateral long-term contract between Gazprom and CNPC increased by 60.9% over seven months.
Thank you for greating sooo good videos! Love ya
Amazing video! Love to hear more about Europe. We have very few European channels and news stations, mostly on the national level, which hinders the development of a unified European perspective, voice and Identity
Does she exist? although countries may have one view of certain things, they still have significant differences in many ways
I can't take a video seriously that can't separate the eu from Europe.
No Rubles. No Gas. No Europe.
The EU will need about $1 trillion in infrastructure investments in order to get its economy off of Russian gas. LNG from a climate perspective is that the liquefaction process uses tremendous amounts of energy which directly or indirectly emits a lot of greenhouse gases. Given the EU green mandate, you would have to invest into new technology and build new infrastructure to support liquified gas. It can't be done overnight and will take a minimum of 10 years.
In other words USA selfishly bend over whole western Europe for it's own benefit and to "weaken" Russia... and now Europe industy is dying
That's just an over statement, EU's decoupling from Russia just happened sooner that planned, now the green deal has given the EU's economy the tast of their own poison. Off course the EU will be able to survive without Russian gas and other commodities, but in the forced process it will have to lose most of its heavy industry. When finally the EU's energetic supply chains ease and prices goes a bit down, the EU's will close down its internal market in a desperate mesure to get industry back.
Although Russia realizes it new position in its own decision to faster the decoupling they are quite behind in reverting their economy to a more self sufficient internal market and in building the real options on the table. Road, rail and pipelines connections to South Asia: India, Pakistan, Iran and deepen connections with central Asia. Recover the far East connection with China, Japan, Koreas and possible with Indochina from central Siberia through Mongolia and Central China. The Chinese built almost all these paths, Russia just has to adjust and is doing little. The North - South Asia corridor is of major importance, specially to counteract India with China, and still little has been progressed.
where do you get the figure of $1 trillion? Is this just LNG terminals and new pipelines ?
it seems too high to me.
EU is a big maffia.. EU capital is not Brussel, really New York city
And what will be the cost of products once you have to invest that kind of money now? Remember at the end of the day you have to be competitive..how will you manage that?
As an engineering student, I have hope, the EU will find its solution to the problem. They are currently investing in electrification of the chemical industry (ie: coolbrook technology), which would cut natural gas dependence by a large margin.
How many of the precursers come from Russia? You will be surprised who is the main supplier to the world. Now that US control of Europe is complete, Europe will have a steep decline and since it has so much debt there are few alternative to daily riots in every country. Even food supplies are harmed, since what little ag remains in Europe, it depends on Russian fertilizer. The German economy is so based on commodities from Russia and coupled with the steep decline in gas powered cars and having no competitive options in being 12 years too late in EV development, the radical Greens of Germany, by its proxy war on Russia, that country will not survive without the people rising up to take down the government. But it is too late, their most reliable trade partner is done with the aggression from Europe and is cutting economy, trade and diplomatic ties with thw west. Even the tour industry is tanking due to cut off of travel from the east. a lot more Russians vacationed in Europe than Americans, and not you do not allow Russians to come on orders from washington. China supplies more tourist than any countries since they have eliminated poverty foreign vacations are a high priority and Europe is not getting them anymore due to its proxy war on Russia. A new world older is ending 400 years of European dominance.
@@stanspb763 have you ever been in europe? you have no idea what you talkin' about...
@@stanspb763 Europe will be fine and European dominance ended many decades ago but it is wealthier than ever and has a lot of soft power in the world.
Yes. Hope it is only you have.
@@nicke0b Soft power isn’t real. Hate to break it to you but if you can’t keep your lights on and people fed then very soon all that money you’ve got stocked in your banks will be more useful for burning for warmth than for legal tender.
While not popular, Nuclear powerplants should be invested in much more to take on the energy needs for the next 100 years for the entirety of EU. This also provides more time to shift to better alternatives. Wind and Solar are nice but not sustainable, simply there is not enough raw resources to completely fill that demand, especially if it will be growing.
Nuclear Fusion is the dream, but that is still a long time away. Hopefuly ITER will provide much needed answers.
Each time I see another person say that we can replace fossil fuels with renewables, I lose one additional shed of hope I didn't even knew I had. Ideology and wishful thinking has replaced any attempts to honestly understand reality.
I agree, that renewables help but they are not the solution. The future is nuclear fission, nuclear power without waste. The fuel for it sits on the moon hence the moonbase race. Unfortunately, the US neocons instead of beating China to the Helium 3, they want to stop China.
Agreed. People who can't do basic math really shouldn't be allowed to vote. We would have gone nuclear a long time ago if not for them (and of course the massive Soviet infiltration in our media/schools).
My condolences to you brother. This is what's generally wrong with current Europe's and some extent American politics, it became too chaotic, not even ideological, because it's incoherent. We value democracy but trade with Saudis, we care about nature, but going to burn coal more, they just mumble their way through as they go.
Exactly. Renewables at current technology is a daydream. It can help but it cant be the basis of developed countrys industry.
Exactly rationality has really gone down the drain these days
Meanwhile weather records are being broken on a monthly basis,no matter where you are in the world.
And here I am in Berlin wearing a jacket in July because its cold
@@kristijangrgic9841 On the contrary, I just burn out from such heat.
I would like to see a follow up of this video one year later.
0:03 There's no such place in Poland as Drobawa Gronicza.
I assume what you meant to say was Dąbrowa Górnicza which is a real place and actually has a steel mill.
Typo, happens. Don't be that guy :).
@@Kosimus It's not "being that guy". It's helpful if you call out an easy to fix mistake. If someone for example would like to find out more about this steel plant, they couldn't because there's a typo in the name.
ay way, take it easy pal....kid
@@cylian8422 There are different ways to frame the correction. As it stands, the OC is very much "that guy".
@@Kosimus Let's be that guy. It's twsting facts since this specific plant is not at risk unlike any German plant. Poland has planned for possible Russian gas supply cut. Unlike Germany. So yeah, facts do matter.
Great content as always. Thanks!!
Thank you! Glad to have such a faithful audience :)
-Hugo
This could be the push we need. The chance to step towards self sufficient, renewable and nuclear energy.
You sound like every other corrupt politician we have
@@julietten5614 Fascinating technical analysis of verifiable facts in thee two comments(sic).
@@julietten5614 yep,they are just reverting back to using coal lmao
You use enriched uranium from russia for nuclear energy....As well as coal even though some of you get it second hand the original dealer is the same...
France’s leadership actually has brains and kept their nuclear reactors. Germany thought it would be a great idea to meet their energy demands by relying on their geopolitical adversary.
Nuclear energy is the way.
While other countries will continue to recieve Russian resources at same prices as now - EU will pay twice more for the delivery of energy resources from other locations to EU land. Well done guys !!!
make it 4x at least
Other countries buy a fraction of the amount the EU used to buy.
Also, what are the alternatives? Support the new Hitler?
@@deim3 you mean biden or putin?
@@mitropoulosilias I'm not sure if you're playing dumb or actually dumb
That's the price for standing up to the rape, pillaging and murder of Ukrainian civilians. We would not change a thing.
This analysis ignores the biggest problem, can Europe keep growing by paying 3x or 4x more for energy?
Short term vs. long term. In the short term, we already have a recession ( looking back, this information seems to have been incorrect, apologies ) In the long term, we will go nuclear & renewables at unprecedented speeds; aka. this is an opportunity as much as it is a crisis. Remember: the plan was always to completely cut our ties from these energy imports. That’s old news.
Now we are just a bit early so the transition isn’t as smooth but transition we will, that much I can assure you.
@@Arcaryon Since when?
There are a few individual countries that had a negative GDP development in Q2;2022. But overall the EU27 are still up 0.6% in a Q2Q basis. So, quite ok.
PS: I do not think nuclear will be a real option in the future. It has critical risks (unlikely but unbearable costs in the case). It is still reliant on non-EU imports. It is not renewable. And most importantly, it is much more expensive than renewables, despite being a quite matured technology. And all this problems, while it's not solving the intermittency problem that renewables have: Nuclear always have the same output (unless they have an unexpected shutdown, like at the moment in france). It's pretty much the opposite of solar: Instead of overproduction at the day, it's overproduction is in the night, while the underproduction stays in the evening in both cases.
@@aurelspecker6740 Again, having a decent energy mix that includes nuclear power is imo. is the immediate future, not necessarily the end goal.
Looking back, I might have relied on a few misleading statistics, apologies for that, but still, the risk of recession is relatively high.
The main issue is obviously that, given the current inflation both in the USA and Europe, we are both bleeding money due to a number of reasons, some of which are hard to control.
Of course, it’s not that dramatic yet but chances are, it will not got up anytime soon. Many major financial institutions for instance estimate that it may take an entire year to lower the current inflation back to acceptable levels.
@@Arcaryon
Well, when we speak about letting the already built (and not degraded) power plants run, then I agree. But new power plants just take so long, that we could easily replace them with better sources of energy and grid buffers.
The US apparently went into a technical recession. (two months with negative real gdp growth) I do also expect that Europe will either just scratch the recession or actually go into recession.
However, a recession usually leads to lower energy demand. And since the energy shortage is the cause of the inflation and the recession, it would undo it (partially).
I am therefore quite unsure what the real outcome is.
Usually the recessions are demanddriven. This time, it's supply driven. And with renewables being a real alternative to the fossil fuels which drive the shortage, it could very easily turn into a huge boom.
Never before we had this situation.
no .It will fall into a slump for several years at least.
Где вы были восемь лет, сидели нихрена не делали для энергетической независимости а сейчас ойбой типа, Меркель вообще надо судить за то что атомную энергетику закрыла.
Great video!
Progress really only takes of during hard times, evolution of species for example, world wars... This will be a new era for Europe, maybe fossil fuels will come to an end much faster
this is how people with green agenda thinks. but it doesn't work that way. green energy is good, but none of them are as reliable as oil/gas/coal. "Progress really only takes of during hard times" if hard times really brought forward an energy revolution, the middle east and africa would have been using a reliable, futuristic source of green energy by now.
@@far_centrist Europe does not have the fossil fuel resources to sustain itself and you know it, i for one couldn't give 2 sh*ts about the climate, but the fossil fuel dependency has been holding Europe down like a tamed lion, it is time for the one true continent to rise again
@@sallmandar1027 i understand, but like i said the only available green energy is unreliable. Best place for solar panel would be the sahara, where the sun shines all year long, but only during the day. Repairs and logistics is going to be costly because it's in the middle of the desert, and transporting them to europe is just not feasible due to a long distance. Wind blows when wind feels like blowing, and too much wind will break the turbine. Wind turbines on the sea is going to get corroded fast. Dam is damaging the ecology and only can be done in certain places
That brings us to nuclear, which is many in europe rejected due to it's effects if there's a meltdown.
Also gas had more use than just electric generation/heating. Fertilizer creation needs gas, chemical company needs gas, steel mill needs gas also. And these are irreplaceable, and there's no green alternatives to it.
Fundamental Pricipal for permanent economic growth is developing permant economic ties with neighboring countries and keep on improving them .
Awesome channel
Love your videos, finally some quality content focused on Europe.
But I'd suggest using € as currency. And putting the symbol of currency AFTER the number, consistently with how you read it.
Also. Instead of „bilions m³“, use units of km³.
Or maybe you can put both but for sure put the European way otherwise we are quit lost
@@lenviv7065 €1 is typically equivalent in value to about $1.05
do not use "km^3" lol what are you talking about. the unit of m^3 is exactly right, even if km3 is "better", no one uses "km3" for gas????
@@itemushmush no one uses metres cubed either.
umm? when i lived in europe the convention is currency -> price, just like in america, australia and japan. $4, €2, A$7, £11
I think there are some opportunities and some dangers in the new situation:
Opportunities:
- High level of investment in renewable energies will quickly drive energy indepndence and might not necessarily mean higher energy costs compared to other countries. BASF, the world's biggest chemicals company, is building the world's largest heat pump in their main factory in Germany. By the time the crisis is over, they will have already built the alternatice source for production.
- Development of local gas fields in the North Sea (Germany, Netherlands), the Baltic (Poland) and the Eastern Med (Greece, Cyprus, Egypt)
- it might drive further integration of energy systems both between sectors and between countries
Dangers:
- new dependencies from unstable suppliers. And this might include the US as a radical President like Trump would not shy away from weaponising gas supplies either
- destabilising the East Med (Greece-Turkey conflict)
- permanently higher gas prices might make some industries permanently uncompetitive
- new investments in fossil fuel infrastructure might delay the shift to renewables in some areas
I think that because renewables can be expanded faster than fossil fuel infrastructure, this push is now inevitable. If heating shifts to renewables there is plenty of cheap pipeline gas left for industry. I also think that Russia cannot reduce gas supplies permanently as this would require them to shut down the wells or burn off the excess gas instead of selling it. Their storage tanks are almost full and even Europe's gas storage is now 62% full.
Trump, radical? So a competent and not weak American President that doesn't shy away from actually projecting influence like every country does on Earth, is seen as radical? Laughable, you love it when the US has weak leadership like Biden, don't you? Well, calling Biden's leadership "weak" would be an understatement of the century.
@@2hotflavored666 So if you think that „not weak“ means using gas as a weapon like Putin or Trump than you have just proven my point. Than they are an unreliable supplier. But the problem won’t be a practical one as the maximum amount of what the US could supply in LNG is less than a third of Russia‘s exports to Europe. I just wanted to point out that neither Qatar, nor Libya, nor Algeria, nor Turkmenistan nor the US are suppliers than we could fully rely on. With the exception of Norway and the Netherlands all imports would have to be diverse to begin with.
The problem isn't a shortage of fossil fuels in the world, it's one of allocation. As the necessary infrastructure is built Europe will simply buy more from the US. At current prices, US companies will invest in new wells plus China will buy less US gas in favour of Russia. Europe will rely on cheap reliable US gas and China, Russian gas. I should add demand for gas is rapidly increasing in China, India and Africa.
@@Bawdale not sure. American LNG is quite expensive and was so uncompetitive that it almost disappeared over the last few years. There is now discussion to explore European gas fields which Europe did not want to do for environmental concerns. But buying expensive and environmentally disastrous US shale gas only seems to be a temporary solution. Overall the problem is that investors are not at all keen on investing in hydrocarbon exploration.
Renewables manufacturing capacity depend on the price of oil. There's no way you ramp up renewables except nuclear if you have an oil shortage. Also remember that Europe depends on China for their renewables manufacturing capacity because of the lighter regulation and lower wages over there. You're asking Europe to do in the worst of times, something they couldn't pull off in the best of times.
So far, only the legal & guidelines have been created so that the government can do more, e.g. buy back unused gas from companies as an example.
More coal power so that less gas is consumed.
Our storage facilities continue to fill relatively quickly, despite less gas from Nord Stream 1.
We continue to get gas from Norway, the Netherlands.
The plan is to save more or less gas until the first floating LNG terminal is ready at the end of the year, the second one early next year.
In the worst case scenario, fracking could be started, which of course also takes time, environmental concerns are there, but this would give Germany enough gas for 30 years.
Also, the possibility of a future plan to expropriate the German part of Nord Stream 2 was voiced (Russia does this with other companies as well & Germany has almost done so, until now, for example, the Gazprom subsidiary Germania is under trusteeship until the end of the year, because it was too important for the basic supply).
And then they want to cut the pipeline and use the German part, with existing infrastructure as an LNG terminal.
It will be difficult and expensive.
There are already deals with Qatar, Usa, Israel/Egypt for the delivery of LNG gas, in the future also pipelines, e.g. to Israel, which will increase from Azerbaijan etc.
But at least such a crisis brings the government to cut bureaucracy, actively and quickly find/build a solution.
And could Germany / other European countries + EU sustainable more effective faster, reform and push the renewable energy industry massively, which can make us in the future to one of the leaders in the field, which again can / will bring economic benefits, if then the best plants come from Europe and in the planning & implementation in other countries European companies work together, because they have so much experience.
Yes it can happen that some companies migrate, but for some it is hard, also because it is not worth it depending on the time frame, they have here their trained workforce, supply chains and trunk markets.
But let's see what the future brings.
Energy prices/inflation come only partly from Ukraine/Russia war, but have started much earlier and would continue with Russian raw materials.
Supply chain problems, China's zero covid.
Lockdowns in which the demand was low and e.g. much less was invested in the oil / gas industry, in the last 3 years have made in the Usa 3-6 refineries to, because it was not worth it, build new also now not, because some only after 10-20 years make profit and the world wants to get away from fossil fuels anyway more and more, whether Europe, Usa, China / Asia.
Then most countries are out of the lockdowns and the demand has risen massively with smaller supply.
Also a point:
Less investment in oil industry- less test drilling= less available oil=less gas, because many gas fields are found during oil drilling.
on the subject I can also recommend 2 videos:
Why Gas Got So Expensive (It’s Not the War) from Wendover Productions
Why has the PRICE of ENERGY skyrocketed? - VisualPolitik EN
The first phase is obviously Denial. Then Anger: I can see that coming soon. After that will be Bargaining. And finally: Acceptance.
@@andreyche193 True. Germany just had its first trade deficit in 30 years, massive protests over rising cost of living, yet some people here are still in denial
If you haven’t learned your lesson yet, green energy can’t meet your needs. You’re fuckin idiots for thinking it could.
When you put a word F*cked in thumbnail, you just know what kind of quality media is in question..
@Nemusis 999 You always give a like to your own comments?! :D
Great job ,I learnt a lot
Think Russia has BRICS as their market. It is a large emerging market. They really don't need the Euro Market. It will cause hyper inflation in Europe. Think it started already. In the end, who needs each other more.
Russia didn't say it what no needs EU market. They only say that EU market not main now.
Yep, Baltic EU states already have 25% inflation. Hyperinflation is round the corner.
Ourselves
Mutual aid
Brics countries have to much corruption to be a threat to western countries it hinders those countries potential to grow
Sure but how exactly does Russia get cheap gas to them?? For Europe they had pipes, for BRICS they won't with the exception of China. Anyway, should we look around the world of how well are doing countries that are rich in natural resources but little else? More than that... what if those BRICS countries are made to choose between EU and Russia?
Keep this type of videos coming, really appreciate it
Thank you!
Really nice graphics on this vid mate
Until a fusion power plant is developed (which, according to current best estimates, will be ready for operation by about 2050, with ITER in France), it would be worth building thorium-fuelled power plants. Even scientists working on the Manhattan Project, such as Ede Teller and Jenő Wigner, have proposed thorium for power generation because of its many advantages over uranium, for example: there is much more thorium in the earth's crust than uranium (which is quite rare), the half-life is much shorter than uranium (it radiates for less time), more energy can be extracted from the same size thorium fuel element than from uranium, thorium requires a single radiating source to start a chain reaction, after which it becomes self-sustaining, etc. .. The only argument for eventually building uranium fuel reactors in nuclear power was that thorium could not be used to make nuclear weapons. Currently the only thorium reactor is being built in India and will produce 304MW of electricity.
Correct thorium and nuclear plants are answer. Both US and India have so much deposits that could power the world for 1000 yrs. Also renewables can be used to produce green hydrogen and can be used in place of natural gas.
@@codingblaze4611 This is obviously what has to happen, but there is so much psy-ops disinformation spam that everyone appears to be ignorant of this obvious fact.
This winter EU citizens will be thankful to their leaders for a great oppurtunity to learn how to chop woods to stay warm.
Who? Many countries were already planning to leave Russian gas by december, while others have full reserves and improrting from the middle east.
Arabs will get more rich and Russia even more poor.
you can't just chop wood willy-nilly. you need to be licensed, authorized, stamped and have the proper permits. Wood has gotten more expensive in the last few years (rose in price more than usual) and not too many people are replanting the trees.
I blame Putin, not our leaders
@@victoneter LOL you are a clown Putin did nothing to Europe, Europe leaders decided to destroy themselves! this was never EU or NATO affairs to be meddling into Ukraine conflict
Interesting because of using fossil fuels, Europe has more trees than ever before as compared to Middle Ages . Curious to see if this trend will change in the future especially this winter .
USA is using EU but EU can't realise this. Sad
Why ? Because we are against Russia ? Dude, Russia is invading a friendly country, no way we will treat Russia with respect after that.
@@mrsupremegascon not because you are against Russia you have been licking USA's boot since decades. Your so called friendly country trying to USA's boot putting Russia in danger. Russia has been warning west about NATO expansion since collapse of the Soviet Union when Russia was very weak economically. But during that time USA used NATO to take advantage by expanding towards East. USA has been using NATO as a tool to contain Russia since decades and encircling it from all direction and deployed weapons there. And now talking about dragging Ukraine into the alliance. Do you expect Russia not to react? Do you want Russia to wait for USA to place its weapons in Ukraine too like it did in Romania Poland etc? Use your brain. You are brainwashed by western propaganda.
Putler fanboy from india
@@Nothing_to_write0 yeah that's what you can think as your thinking capability is restricted by western propaganda
@@Nothing_to_write0 american dont be sad 😂 go eat some burger😂
just wanted to say that the subtitles are not synced with the audio
Medieval Europe was cool, no problem.
invite me to jousting tournaments
Black death:
I think its important that we start cutting down trees, for wood, so we can stay warm during the winter.
*insert environmentalist reply*
@@truthseeker6843 *Kills enviormentalist replier and burn them in oven for house heating*
^ I prefer this💀
what you means waponize gas as weapon??when you slap someone they will slap back,,simple sens
lol. of course when someone is beating up your friend and you tell them to stop they have every right to be angry at you.
@@user-cx9nc4pj8w anyone has aright..so dont shock when they slap back..you cant hope to got something good when you slap other one..they will slap your back.
@@user-cx9nc4pj8w Kosovo is crying somewhere on the sidelines
Yes. There , I saved you 7 minutes of your life.
Does Europe even need any industry?
Some raw materials and weapons manufacturing have not been sanctioned due to possible damage to infrastructure to the EU like titanium. The sanctioned gas has worked in reverse and benefits Russia due to high prices.
Prices still aren't high enough to make it worth it for Russia and coal and oil is where they make most money anyways which also hurts them more than europe as europe has more money to spare, while russia is spending it on invasion, proping up the failing ruble and having half of its reserves frozen.
Russia benefits from high oil prices are temporary. China and India are buying Russian oil at heavy discounts. Also, the geniuses in Moscow relied too much on European and American technology. What will they do when things start breaking apart? Good luck getting spare parts for those oil plants. Add on top of that the thousands of engineers who have fled the country. Why would a 30 year old engineer stay in Russia when he could work in almost any country he chooses and be paid well and be able to travel?
and after the eu has decoupled from Russia what industry do they have left? per capita is already as low as China there.
@@jasonbaxter3658 Yet eu is still richer employing less than 50 million in industry with not being far behind China's output who reply on only industry with 128 million working in the field. EU focus on service sector and is way richer per capita that China could ever
@@the0ne809 According to you, Russia was able to make space station but won't be able to make pumps for oil plants? Wishful thinking.
TLDR: Europe is stupid if they made their entire economy dependent on a single supplier.
It is strange that with your wisdom you are not yet the president of any country :)
Please read a history book occasionally. We had good reasons for our actions. Sometimes you take a calculated risk and it doesn’t work out. Sometimes it does.
You also exaggerate like someone who has no idea whatsoever what they are talking about.
Short answer yes. Long answer yes. Next video.
There is no good solution out of this, just bad one and worse ones. Europe needs to stay strong and united, the alternative is far worse.
If Europe wants to be at all relevant in the future, we need cheap energy. That's pretty much going to be the foundation of all high tech industries in the future.
Thank you Captain the Obvious
Russia says "HI'
The first step must obviously be fast reconstruction and repairs on now decommissioned pump storage power plants across Germany and western Europe, it will help with grid balancing, and perhaps could reduce strain on power lines and gas supply as need for peaking from gas power plants will be reduced. As well it could help better integrate solar power plants into the mix. E.g. Niederwartha pump-storage plant operates with significantly reduced capacity for 20 years and is conveniently located right next to the city of Dresden.
Yes it can. It needs more time tough.
So obviously they're struggling.
Does Air conditioners in Germany works on gas or on electricity?
Its just like asking whether a factory is still able to survive economically if it is relocated from an industrial complex zone to an isolated island
Europe isn’t addicted to Russian gas it’s addicted to gas in general like all other nations on Earth. The green dream isn’t possible without billions of people being liquidated. So what do you think is happening?
Amazing war that will enrich money bags killers.
It's a shame EU and Russia can't get along in a time where we actually should work together.
Work together?? not if US is still in control of NATO, they cant make their own decisions, US got them by the balls ..US is literally forcing them to suffer and ruin their economy for Ukraine
EU did its best to get along with Russia, with everybody really.
It's clearer and clearer it did too much of that, and should have not made itself dependant on mafia regimes.
@@BernasLL "Mafia Regime" ended in 1999 when Putin was made acting president, he seized all Oligarch wealths and gave it to the Russian people, most of those Oligarchs stole state assets after the fall of USSR, how can you call Russia a mafia country if the country continues to grow exponentially since Putin came to power??? is the West afraid of a powerful Russia? what is the propaganda about?
It's a shame EU didn't have the foresight that relying on a proto-fascist dictatorship wasn't a good idea.
@@BernasLL Jeah you are probably right
Amazing video per usual, keep up the great work! I would however love to see some prettier thumbnails, I think it could drive a lot more engagement
Thank you
This spells out the problems. The alternative is a world where countries who invade another make real gains. So Europe will adapt and the pain will be short and medium term. I hope the lessons learned from Russia are applied to China so that disinvestment and disengagement begins now
@@snuurferalangur4357 Who of course run the world don’t they? Just as they caused the 100 Years War, the US war of independence and every other war ever. The simple ideas of simple people are so underrated
@@snuurferalangur4357 Those Washington lobbyists will have persuaded Putin to invade as part of the global conspiracy. Good job there are alert citizens like you who have a handle on all this
@@snuurferalangur4357 In that case the comment is simply irrelevant. Take your pick
The irony. I drove down to South Texas last week, and saw something we have a lot of: flaring, or burning off excess natural gas. We have so much of that stuff just spewing out of the ground where we don’t even want it, we just light it on fire 🤣
yup cool
Dude, do you get any kind of education in the USA? I read a lot of comments, and now I think that either there is no education in the USA, or all these comments are written exclusively by uneducated people. At the same time, there is the Internet and Google search, where you can at least find almost any information. Have you ever tried to use the Internet to gain knowledge? For example, to find information about why gas flares are lit in oil and gas fields?
@Jay Cosmic Bass Voyage no
@Jay Cosmic Bass Voyage if you’re not trolling and you don’t know, the reason is fracking. We probably would’ve run out based on conventional methods, but when oil companies developed fracking and it became economical in the early 2010s, that unlocked decades more oil. And gas. Cheniere started building a gas re-gasification plant on the Texas coast in order to IMPORT liquid natural gas, because we weren’t producing enough gas. Fracking turned that on its head and Cheniere redesigned their plant to liquify and EXPORT gas instead. Multiple other companies joined in to build new facilities, and just like that the US is now the #1 gas producer and exporter, and we have all this excess gas to flare off.
@Jay Cosmic Bass Voyage well now you know not to believe everything you read in a text book. Although fracking really became big around 2011 or 2012, it should have been clear by 2009 that fracking was growing and would be a viable way of expanding oil production.
Northern winter will be cruel this year.
Maybe Europe has to revisit fracking or the use of nuclear energy and stop decomissioning nuclear reactors. All better than coal.
Renewables & nuclear are the future.
Temporary additions will come form traditional energy sources like fracking but also coal and oil.
Renewable energy is a great idea but not as effective as they make it out to sound. At least not yet with current technoligies.
04:35. Not enough infrastructure for LNG. There is no place on earth that can supply that LNG even if the infrastructure were there. Besides, there are in the world about 700 gas boats. You would need 500 more. How long does it take to build and by what ship yards and to what cost? How many years does it take to build the terminals and at ehat cost? Besides, LNG cost 5-8 times more than natural gas from Russia. Where on the planet is that LNG going to come from? Those gas fields must be constructed. Where, by whom, how long time, at what cost? Didn't think about this when sanctions were imposed in emotional PC in March huh?
I have to disagree with industries moving to the EEUU where energy is cheaper…Energy in EEUU is cheaper than the EU but very expensive in regards to the world energy…. Russia energy to Asia at a very reduced price will make industries from Europe more attractive to move to Asia.. Cheap labor , cheap Energy and cheap infrastructure and closer geographically…..
TLDR - European industries, in particular German industries are screwed. Both short term and long term.
Europe can without Russia,but with much higher prices.
Higher prices are also a temporary issue. The immediate changes will hurt but the longterm changes look far better. Sure, there is always a risk but things look decent enough in the long run to be carefully optimistic.
This war is only the beginning of the next Cold War.
If the last one was any indication, I doubt that Russia will have much fun in this one, mainly because while Russia is of course more aligned with China today than it was a few decades ago and the latter is today is very powerful, it’s exactly that China is big and powerful which is the problem here for Russia.
Unequal relationships don’t favour the weaker side and the problem for Russia is that Europe is simply a far more interesting market for China aka. China doesn’t gain much from helping Russia and doesn’t even really want to.
Despite all the tensions between Europe and the USA, as the two main fortresses of democracy, we need each other and we know that.
Don’t get me wrong, we will both hurt and it’s not going to be fun, that’s the bad part we were ( hopefully ) all aware of when this war began, it’s why we tried so hard to keep Putin from beginning this insanity, but this crisis also is an unprecedented opportunity and with a bit of luck, we will use it well.
Now in the future when Europe will say we will tax you if your goods are not ecologically made then countries will say when you had it bad it did not stop you from using all these harmful energy carriers.
or maybe the rest of the world can take up these standards now so countries are forced to make sustainable and ecologically friendly products right now. what a horrible thing that will be
@@fahimrind9714 the west uses more than have of the worlds resources (America and Canada 30% and Europe 25%) while having only 780 million people yet they are planning to introduce tariffs and taxes for goods that are not made with ecology in mind. This is just another way for western countries to put their dirty hands in other nations pockets and take from them. Maybe the wirld needs to unity and say 'its time for the west to eat less and contribute more' given that they are the main contributors to pollution and have started this in the west. Don't tax other nations to do your bidding.
@@torrent1615 china and india polute the most actually
@@ABCEDEFG911 they are building up the economy, they are not up to pollution
Allowing EU to be the moral guide is hilarious. Check EU history lol.
So what is the answer on the title question?
The EU won't survive. Europe in general of course is not going anywhere.
@@JamesSmith-ix5jd And you base your judgement on what? Also: is anyone else "going anywhere?
This crisis revealed the complete inadequacy of the European energy policies and leadership of the last 20 years. Europe failed to diversify its energy sources, it limited the quantity of nat gas and oil that it was able to produce locally and went all in on gas. Coming to February 2022 paradoxically if Europe would have opened nord stream 2, now prices would be around 40/50€ per MW and Russian revenue would have been 20 billions euros lower than today (source energyintel data on export and revenues). So basically we wouldn’t have had sky high inflation, no sky high cost of energy and Russia would have had fewer resources to fund the war. Yes, energy ban backfired completely
So, it is not problem if Russia at first conquer all ex SSSR countries, and then start conquering all ex Warsaw pact countries and then maybe west Europe too?
@@mirkokonestabo8645 It is. Did you read what I said? Energy ban gave Russia tens of billions of additional money and produced a crisis with the potential of destroying entire sectors of European manufacturing. You don’t stop putin with blind policies that have the opposite result of what you expected
I've come here to observe the "the-EU-is-not-Europearers" in their natural habitat. I don't see any of them so I assume it's not their mating season yet.
Hallo, what is "Europearers" mean ? Thank you :)
cry more
yes also is Europeans the native people of europe the continent not the retarded government institutions known as the EU
@@llew5371 an idiom, not a real thing
Europe: makes McDonalds leave Russia
Russia: Takes away gas
Russians: vibing with no burgers
Europeans: freezing to death
Lol good luck surviving the winter yall
Even if Europe would start renewable energy projects , they would be still in the same situation as they don't have rare earth metals and would heavily depend on imports.
So? At least the imports are easier than gas
@@qbek_san don't you know who has rare earth metals? It's china. Tell me how it will be easy. And after acquiring those , generating electricity from renewable sources with high efficiency will still be a very hard task.
If it would be that easy, Europeans would not rely on Russian gas.
How long can foreign consumers of European goods afford higher prices until they decide to switch to other suppliers of similar goods from emerging markets
Notice how this issue with Europe/Ukraine and Russia has nothing to do on why the hell America's gases and high prices of food etc is up! Thank you Brandon you have done more for the country of Ukraine than you have ever done throughout your so called presidency of America.
You do realize gas prices are based of the international market prices which is directly influenced by world events such as an ongoing war by an major gas supplier like Russia; which drives gas prices up on the international market; hence higher gas prices in the US.
@@sylvesterrollock no you are completely wrong what source told you that BS?
@@MrAce2000 So in short, you have no clue how economics works but will say I'm wrong because YOU don't know.
Your ignorance is not an argument. I'm right.
They’re going to have to, Lavrov said Russia’s going to trade with friendly countries from now on. They could never trust the Europeans again.
Russia will trade with anyone who has no or low human rights.
@@imac3355 You think America cares about "human rights"? They are a bunch of capitalists who only worry about market domination NOT "human rights". That's just an imperialist tool that they use like the whole rainbow LGBTQ stuff to create problems with other countries.
@@imac3355 US trades with Saudi Arabia, where are no (or low) human rights.
Doesn't it bother you?
@I Mac you can be happy that’s not with you 😉
those plants were switched off because of overproduction. the energy crisis was caused by the curtailment of industry, not the other way round
I think gas energy is not the most important parts, as one country can opt for nuclear. The most important part is industry, the limited gas supply will only weaken industrial base. This would be a key chain to slow EU growth. Each liquid gas takes 2,5 years to finish it could take very long time to build multiples plants as well as accumulate a staggering amount of debt. If this is going for long time i hope some fast thinking countries can snatch up industrial base and make quick grow on it (there will always circulation of goods as long as there is demands). This is my speculation but Eu can just use unlimited amount of money & exchange rate to solve the problem lol.
Investments now into finding other sources is a cost worth doing in the long run decoupling from Russia.
Maybe you can try round 2 and bring us free gas
You know it will take 10 years or maybe more to be fully operational and for that time everybody will be vulnerable
Says the guy sitting comfortably from his dad's basement. Try your "high cost worth it because muh russia" Narrative elsewhere.
Doubtful is the coming back on-line of Nordstream 1 after maintenance closure 11th to 21st of July.
@@travisfubu9053 If you think Europeans are going to finance the killing and bombing of other Europeans, you are are out of your mind.
This is a joke.
From business point of view you don't cut of a supplier until you have a new one .
With a 5 year led time this will be a disaster.
If we consider a cold snap in 2010 across Europe a report by Shelter a Charity, over 30,000 people in the UK died prematurely from the cold trapped between heating their homes buying food or Medication, so as we move towards winter with high inflation , things are a lot worse in 2022 than 2010 it will not be for a few days but months what will be the result.
It will make Covid19 look like a walk
In the park.
what's your solution then? to negotiate with a blackmailer (not to mention war criminal)? how long do you think will it take for the blackmailer to use the same leverage against you on another issue?
Now from the business point of view:
when a supplier cannot trusted, you simply cannot back your business on it. it's a pity some countries in Europe did not understand it early enough.
This is true - we will have a problem in Europe. But the alternative - to be constantly on a receiving end of a blackmail - is unacceptable
@@polcat9 It's a pity didn't cut of gas supplies to Europe in 2014 after the very undemocratic Coup in Ukraine backed by the EU.
@@polcat9 Russia has been a perfect supplier of natural resources to Europe.
If you don't understand what happened in Ukraine in 2014 a very undemocratic Coup backed by EU and US, which led to the Civil war in Eastern Ukraine a 1/3 of the population of Ukraine is Ethnic
Russian .
France and Russia brokered the Minsk agreement 1.2 which was signed by Ukraine but never implemented.
So after 8 years Russia reacted by invading or It intervened in Eastern Ukraine to bring the Civil war to an end.
I don't know why the EU backed this Coup to destabilise a country on our boarder, but one thing is sure Russia was enthusiastic for Ukraine to join the EU and maintain it's good relationship with Russia.
@@robincook5999 As for the so-called coup - this is much more complicated than you write here. And after that there were free elections and - to Russians' amazement - there was a peaceful transition of power. Would you personally prefer to live in a country were there are free elections and peaceful transition of power or you prefere Russia? If the later is the case - please go to Russia - the country of cheap gas and beautiful women.
And again - what is your answer - how can you trust a blackmailer? As simple as that. Do not change the subject of your own topic.
Well, if Europe really wanted, they could have developed its energy exploration and infrastructure but stupid climate policies prevented it. Europe has a lot of hydrocarbon
How much of Europe's natural gas consumption could be substituted short term by liquid petrol gas, which to my knowledge can be entirely produced in Europe's refineries?