The energy crisis in Europe will worsen if tensions between Russia and Ukraine continue to escalate. Russia is Europe's largest supplier of liquefied natural gas, and Ukraine is an important part of that fuel's route from Russia to the EU. To be sure, Putin's recent actions have not eased Europe's energy crisis, and even military tensions on the Ukrainian border could make energy problems worse.
To solve the energy crisis, European leaders will need to stop blaming and seriously evaluate their own energy policies. Price stability and energy security will become more essential in the coming decades as the world begins to take decarbonisation seriously. Of course, such sweeping energy reform will certainly bring more ups and downs for the energy market.
Topic: West should start de-coupling from Putin's Russia energy supplies (Read 102 times)
March 02, 2022, 02:04:10 AM
In my opinion ...countries should stop using "dirty" energy from Oil reserves and shift 100% to renewable energy sources. The Russians and Saudi Arabia and Iraq have the rest of the world by their short hairs and they are crippling the global economy. (They manipulate the price and they are over charging for their oil reserves)
All of these countries are not very friendly towards the West that are buying their oil ...so why should they control and manipulate the lives of the people in the rest of the world?
Also, the seasons are changing in Europe.. so there will be less demand for Gas & Oil soon....
All of these countries are not very friendly towards the West that are buying their oil ...so why should they control and manipulate the lives of the people in the rest of the world?
Also, the seasons are changing in Europe.. so there will be less demand for Gas & Oil soon....
March 02, 2022, 01:02:44 AM
Germany already decided to be fully 100% renewable energy by 2035 instead of 2050. That's a start, and I am pretty sure that they will start taking a good look at nuclear power plants all over again. It can't be done overnight, obviously it is going to take some time but that doesn't mean that it won't happen. Europe is now aware that Russia could do something crazy at any given minute and they are aware that they need to find an alternative.
Norway type of nations never had that kind of problem, and France has been building Nuclear Power Plants like that is a candy, which is risky when you consider the fallout, but could be done properly as it is right now. I guess that it will not be a situation where Europe takes any energy from Russia in 10 to 20 years. Not something that would help Ukraine today, but at least prevent any Russian power play in the future.
Norway type of nations never had that kind of problem, and France has been building Nuclear Power Plants like that is a candy, which is risky when you consider the fallout, but could be done properly as it is right now. I guess that it will not be a situation where Europe takes any energy from Russia in 10 to 20 years. Not something that would help Ukraine today, but at least prevent any Russian power play in the future.
March 01, 2022, 12:07:46 PM
Russia will be suffering big, unless Putin gets deposed and the successor is not power hungry and corrupt person, then we might see Russia as a brand new country. The sad thing about this is that Putin has the money to be able to buy the loyalty of those under him to prevent such thing. If things escalate though, this is probably for the best.
The fact is that Putin's power in Russia rests not only on his money, but in most cases on fear, since in this country any dissident immediately goes to jail. Therefore, Putin does not care about the opinion of his people. But the citizens of Russia need to muster up the courage to take up arms openly against their dictator, as they did in Ukraine in 2014. Their cowardice slowly turns them into a herd of hungry and obedient slaves. But no one can make that choice for them. Every day of inaction makes the citizens of Russia poorer.As for energy carriers, now the civilized world has decided to ban their export from Russia. The first such decision has already been taken by Canada. The European Union, even before Putin's aggression on Ukraine, adopted a program to phase out Russian gas and oil and switch to renewable energy sources. The current situation should greatly speed up its practical implementation in time.
It's hard to imagine how cruel Putin was, considering that my country had felt like this, the wrong speech disappeared, but it's undeniable that our economic life is prosperous, not like it is now, everything is difficult, after changing the new government.
if putin insists that long after the country he leads will fall, as well as the russia there must be weaknesses / shortcomings such as natural resources that he does not have still need other countries
March 01, 2022, 11:41:00 AM
Lack of oil supply is driving oil and gasoline prices in the united states to record highs.
Decoupling from russian oil might cause oil to become a scarcer commodity in the USA, driving gasoline and oil prices even higher.
This is a concern many have voiced for days now:
https://www.foxnews.com/media/watters-biden-sanctions-russia-putin
Is it fair to say Putin's invasion of ukraine is a topic for the european union to address. It primarily affects their region of the world. And ultimately they are the ones who will have to live with the results.
Decoupling from russian oil might cause oil to become a scarcer commodity in the USA, driving gasoline and oil prices even higher.
This is a concern many have voiced for days now:
https://www.foxnews.com/media/watters-biden-sanctions-russia-putin
Is it fair to say Putin's invasion of ukraine is a topic for the european union to address. It primarily affects their region of the world. And ultimately they are the ones who will have to live with the results.
March 01, 2022, 10:52:56 AM
Russia fearlessness is born out of the fact that sanctioning them would also affect Europe negatively. Russia's Gazprom is on of the the world's biggest gas company supplying more that 40% of Europe's gas demands.
But European nations are already decoupling. Germany has announced that it aims to speed up wind and solar energy because of the need reduce reliance on Russian gas.
France just announced there would be a massive buildup of its nuclear power potential, which would help keep it and its neighbors insulated from changes in Russian gas imports.
But decoupling would take sometime. All we need now is peace in Ukraine and patience. When this invasion ends, Russia would suffer. I just pity the common man in Russia because Putin and his cronies chosen path would affect them negatively.
https://www.reuters.com/business/energy/germany-hike-onshore-wind-solar-tender-volumes-document-2022-02-28/
https://fortune.com/2022/02/25/ukraine-invasion-russia-germany-natural-gas/
But European nations are already decoupling. Germany has announced that it aims to speed up wind and solar energy because of the need reduce reliance on Russian gas.
France just announced there would be a massive buildup of its nuclear power potential, which would help keep it and its neighbors insulated from changes in Russian gas imports.
But decoupling would take sometime. All we need now is peace in Ukraine and patience. When this invasion ends, Russia would suffer. I just pity the common man in Russia because Putin and his cronies chosen path would affect them negatively.
https://www.reuters.com/business/energy/germany-hike-onshore-wind-solar-tender-volumes-document-2022-02-28/
https://fortune.com/2022/02/25/ukraine-invasion-russia-germany-natural-gas/
March 01, 2022, 10:49:22 AM
if I'm not mistaken, Europe has already thought about this and started looking for alternative solutions related to their energy sources. currently the most reasonable option is oil from the UAE, but this is also a process that can't be done in a short time, because they have to reactivate the oil reserves closest to Europe.
... hopefully Europe can find a solution to this, so that they are not too dependent on oil and gas from Russia
... hopefully Europe can find a solution to this, so that they are not too dependent on oil and gas from Russia
March 01, 2022, 10:29:08 AM
Some say that the western countries, especially Germany, has started doing this.
The problem is whether a proper replacement can be found, meaning one that's big enough and actually works too. Because the infrastructure that's not related to Russia seems to be insufficient and problematic.
From what I see though, more electricity will be made from coal and nuclear, at least for a while. ..Something they should have been doing from the second the gas prices exploded.
The problem is whether a proper replacement can be found, meaning one that's big enough and actually works too. Because the infrastructure that's not related to Russia seems to be insufficient and problematic.
From what I see though, more electricity will be made from coal and nuclear, at least for a while. ..Something they should have been doing from the second the gas prices exploded.
March 01, 2022, 10:08:19 AM
Russia will be suffering big, unless Putin gets deposed and the successor is not power hungry and corrupt person, then we might see Russia as a brand new country. The sad thing about this is that Putin has the money to be able to buy the loyalty of those under him to prevent such thing. If things escalate though, this is probably for the best.
The fact is that Putin's power in Russia rests not only on his money, but in most cases on fear, since in this country any dissident immediately goes to jail. Therefore, Putin does not care about the opinion of his people. But the citizens of Russia need to muster up the courage to take up arms openly against their dictator, as they did in Ukraine in 2014. Their cowardice slowly turns them into a herd of hungry and obedient slaves. But no one can make that choice for them. Every day of inaction makes the citizens of Russia poorer.As for energy carriers, now the civilized world has decided to ban their export from Russia. The first such decision has already been taken by Canada. The European Union, even before Putin's aggression on Ukraine, adopted a program to phase out Russian gas and oil and switch to renewable energy sources. The current situation should greatly speed up its practical implementation in time.
March 01, 2022, 07:03:13 AM
Russia will be suffering big, unless Putin gets deposed and the successor is not power hungry and corrupt person, then we might see Russia as a brand new country. The sad thing about this is that Putin has the money to be able to buy the loyalty of those under him to prevent such thing. If things escalate though, this is probably for the best.
March 01, 2022, 06:43:21 AM
Russia is now putting herself to Europe as the black sheep, trying to impose subjection on Ukraine. Massive assault is being the panic as satellite images was shown by US , military reinforcement moving from Russia to Ukraine. Russia is facing severe sanction that is affecting their economy despite the EU reliance on Russian Oil and gas. EU Parliament emergency sessions is on at the moment to welcome Ukraine application . The EU is deciding to channel their gas need beyond Russia and build effort towards developing an independent Oil and gas for EU. I think Russia has opened the eyes of EU to know they need an independent Oil and gas supply.
March 01, 2022, 04:58:17 AM
At this moment, the West (EU mostly) is facing the fact that their energy is, in a large part, coming from Russia. Perhaps that is the main reason why the ruble is, within reason, holding better than it would be expected against the economic sanctions, with a mere loss of 20% - although short selling is not allowed and that is helping.
chart live
If anything, Putin's war of aggression will change how Europe looks at Russia in the future - from being a dubious partner to an outright danger to all democracies. Energy decoupling should be part of any future EU strategy.
chart live
If anything, Putin's war of aggression will change how Europe looks at Russia in the future - from being a dubious partner to an outright danger to all democracies. Energy decoupling should be part of any future EU strategy.
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