funny they didnt even mention nuclear. with so many nuclear plants shutting down in the EU, that could also be a contributing factor to the rising demand in fossil fuels.
nice lie and bull crap. you did it to your self's. how many coal power plants did you close down? how many nuclear power plants did you close down why were you dumb enough to hope that green energy would work. how many years have you been buying nat gas from russia. did you not learn any yhing from your 1973 OPEC spanking
@@dknowles60 I have trouble understanding why anyone would think that Californians would be stupid enough to cast our vote in favor of the guy who doesn't need them. People have got to understand that there is no such thing as fair elections when you have MSM, Hollywood, Silicone Valley and the CCP funding the Democratic partys Political campaigns for your State.
Well given that one of the German projects canceled due to Fukishima was a pebble thorium breeder reactor, they probably should've kept with their nuclear program as one of the goals of newer approaches to nuclear is to avoid Fukishima type disasters. It's a bit of an irony that the knee jerk reaction to Fukishima canceled all the projects intended to address the specific weaknesses of the Fukishima reactor.
Crap. What kind of analyst he is? He is just blindly blaming Russia. For what? For "failing" to deliver more gas than was contracted!! And he accused, the reason Russia did it because they are trying to pressure EU. I thought EU believe in a free market? Why don't they ask the US for a help then? They are also a large gas producer, aren't they? This video is just a crap. Providing no analysis, only victim blaming.
@@dontbanmebrodontbanme5403 Electricity generation and transmission experts. They say renewables are expensive and not reliable enough to be used for supplying base load.
@@tkirchmann We can make a grid based off of renewables only, or nuclear only. But it's better to have a mixture. Nuclear also relies on Uranium prices which can fluctuate widely. For renewables to win nuclear doesn't have to loose. The real enemy at the end of the day is Natural Gas, Oil, fossil fuels and biomass.
@@iceman18211 You can't make a grid off renewables only in most geographical locations. Their output is not stable enough and the relative cost is extremely high. That's why a compromise is nuclear for base load plus a bit and renewables make up a percentage of the fluctuating load. The most stable and lowest cost solution is 100% nuclear as generating renewable power is relatively very expensive. Not sure why environmental groups have decided nuclear is evil, but most people will just follow along with whatever they say pretending it's science.
@@kenthhamner2641 don't embarrass yourself, are you still live in the '90s? go search it, on 2019 the price for solar and wind is around 40$/MWh Nuclear is above 100$
@@sn5301679 a 7.5kwhr solar system for my house is $30,000. That won't even power my home fulltime and at 30 years to break even at current electricity rates here. And you can't put a price on solar because the output is both weather and geographically dependent. In other words, the price you pay for theoretical peak output has nothing to do with what you actually produce. Do you honestly believe a 200w solar panel kicks out 200w continually? Bloody armchair scholars with zip for energy or electrical knowlege. Meanwhile NG, coal and nuclear outputs can easily be ramped up or down and operate at rated output.
@Se Fu part of the reason the natural gas price is rising is because of coal supply chain issues in China. Imports from Indonesia and monolia have been down, so the Chinese have been driving up the price of natural gas by importing more than usual. I'm surprised that's not mentioned in this video. While not malicious by the Chinese government, they are contributing to Europe having to pay more for natural gas.
Russia isn’t limiting gas. They’re also supplying Turkey and parts of Asia with gas. Imagining if all your neighbours shut down their gas supplies and you’re left to supply them.
Villifying Russia, whereas the EU won't honour the contracts with Russia. And imagine complaining that Russia is leveraging it's gas so NordStream2 could be approved. Anyway, winter is coming.
And the "polls" say , 80% agree we have to fix "climate change" . So we will start with high petro and natural gas prices . Everything will cost more now including your bowl of rice soup .
Have you seen the wholesale graphs at Ofgem's website? They are very telling. I think this whole crisis is made up. A wholesale kwh of gas is only about 0.068p. There is some profiteering somewhere in the chain.
How come " Nord Stream 2 " is contentious if it ' s carbon print is 9 times less than the pipe line going through Ukraine ? Are you really caring about environment and nature or you are caring only about politics ?
He said no to the Keystone XL pipeline which is just an extension to the Keystone pipeline. It's still in operation and has been for years. Besides it has almost nothing to do with the high gas prices today. Supply and demand is the biggest reason for gas prices.
@@dknowles60 Really? That's your argument? That's pretty weak. Do some research on the subject and you'll see the rabbit hole goes much deeper. High gas prices is a world wide delema. The Keystone XL would make little or no difference. Remember the pipeline wasn't "closed down ", it was just never finished getting built.
@@Doamino41 cant handle the turth. again how young are you. then coal power plants were makng money. the only reason they close is obama made then down hint you dont know history.
@@dknowles60 LOL you sound like a 3 year old with that comment. Try again when you're grown up kid. In the meantime research what you preach. You might learn something. 😉
Nigeria have huge Natural gas reserves but we are not using It. Most of our gas gets flared away, but now we would use it for generating electricity and sell some to Europe and Asia.
Does CCP China control Nigeria's natural resources due to debt traps? CCP China intentionally released the army of Wuhan viruses carriers to every country. All countries should ask compensation from pathological liar CCP China.
@@adekunleojo1503 Yh I think that a logistic problem because the NNPC says there is a lot of gas available to Nigerians but distribution problems causes high prices for consumers. The NNPC is trying to figure out the corrupt people causing distribution problems within the gas sector. I hope more people consume gas a lot and we should also use the flaring gas for generating electricity.
@@doogiechen2726 The CCP doesn’t control what you don’t let them to control. They don’t have control over natural resources in Nigeria. China only helps with infrastructures in Nigeria.
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@Behram Radmanesh nice lie and bull crap. how dumb are you you act like man can Change A climate when aman cant. Climate will always change. hint there was a time when a lot of north america and europe wend under 1000 ft of ice. did man end the ice age with a camp fire?
@@dknowles60 Very well put! People don't even bother to research that there is such thing called solar cycles which basically dictate the climate of Earth. And their ignorance is used like in Aikido by political crooks to peddle whatever agenda they have. So we should destroy our economy to slow down something that is happening anyway.
The analyst says, if we had more renewable energy dependency than we wouldn't have these issues, what a joke, and in the same video says the renewable was the thing that created this shortage.
Europe doesn't have enough gas/oil to be energy independent. The only resource we can use to be energy independent is renewable. The reason behind the hike is Russia limiting supply
@@aightm8 Russia limiting supply by building pipes which the euros refuse to make use of are you ok? Too long has the EU twisted hands and bullied gas suppliers looks like asians have won the competition for gas. Their mistake was to consider Russian resources their own property
@@okakokakiev787 If we thought we owned it. Then it would be taken not purchased. My gas bills are literally putting shoes on their little 3rd world feet.
@@aightm8 you pay the bills you get gas what's wrong with it. Does not your country use long term gas contracts with low price like Hungary, Austria? Oh wait your Euro government decided that they don't need none of that and insist on bying with spot prices 1000+. But you blame Russians rofl
Nuclear energy is clean? Why then its called Nuclear "waste"? Would you like to store some barrels near your home? We have plenty of them here in germany and have no clue where to storage the next 500,000 years.... To all Nuclear fan boys: Inform yourself properly. Also fact: Safe German reaktors won't help us, a lot of old and unsecure reactors in belgium and France are located right at the border to germany. The french people in Lothringen also claim that nuclear energy is clean. Until now, until the gov. decide to open a nuclear waste disposal zone there. Oh wonder, oh wonder
@@Soth021 What he means is that the US government imposed sanctions against " North Stream 2 " gas pipe being build between Russia and Germany . On top of that now when it is ready to operate the EU is dragging with the certification . At the same time EU is screaming for gas .
@@draganpenchev Hi Dragan, thx for the clarification. I don't think that ns2 would reduce the price a lot. In my opinion the problem is, that the EU country's waited to long to buy gas. And now everyone needs gas. Russia did nothing wrong they fulfilled their part of the contract. I am a little bit angry that I have now pay this crazy price.
@@Soth021 Well , I do not know from what European country You are . The main reason for the highest gas prices is that in 2018 European Commission has forced " Gazprom " to change the gas pricing from the long term contracts based on the oil price to so called short term price based on the spot gas price on the European Trade Gas Exchanges . Mainly NBP in Britain and TTF in Netherlands . Not all countries agreed to break their long term contracts with " Gazprom " . Some kept them and their prices are low to moderate , slightly higher than the beginning of the year , correlated to the increased oil price . For example Germany , Hungary , Austria , Turkey . The European countries that followed the European Commission idiotic rules and went with the new short term contracts based on the spot gas prices on the gas trade exchanges were ripped by the prices on those two gas trade exchanges . As an example I can give You the fact that the gas prices there went from $ 200 per 1000 cubic meters in the beginning of this year to $ 1937 per 1000 cubic meters of natural gas yesterday . That is almost 10 times higher in the mater of less than 10 months . For example Poland , Lithuania , Latvia , Estonia , Bulgaria , Romania , Moldova .
@@Soth021 , sorry for my lousy english but i didn't think anyone would read me. I was referring to the fact that the US were opposed to the north stream 2 but thank goodness for europe, there is the north stream 2.
It isn't more expensive... The FIAT money in the world has been devalued by massive printing!!! Buy Silver, Gold, Bitcoin, Ethereum, Mining stocks, Oil stocks, Canned goods etc etc...
Russia has fulfilled all its contractual obligations, surely its upto European countries to negotiate new contract for more gas from Russia, if they have not done this how can Russia neely weely give European countries more gas?Russia has reapeditly said that they ready to supply more but they haven't had any request!so let's blame Russia as usual,shame on European Union countries 🤔 🙄 😏
Wow so they again blamed Russia for reunification with Crimea and connected this with Europe s energy problem. Amazing analysis like always. Expected no less
Do you know who's not feeling that inflation..? Those with cojones that invested during the oil stocks crash back in March/April 2020.. I bet they are happy with those high prices
@@reigon1048 I mean... Chesapeake went into oil with a $4 billion acquisition and then had to file bankruptcy in 2020 (one of several major companies involved with shale). They're out now, but sticking only with natural gas (no more oil). So it's not just small scale businesses (and their investors) who got hammered.
I am from Saudi Arabia, praise be to God, a barrel close to $100, and gas and oil are cheaper than drinking water, where a liter of water equals 5 riyals and a liter of gasoline equals 1.67 and a half riyals 😘❤️🙏
Good old fashioned inflation. With all the newly printed money now making its way to general populations, suppliers & providers are simply jacking up their prices. Does anyone really believe gas supplies shrunk dramatically over the last 18 months of this "pandemic"? As others point out here, the mad rush to renewables is not working out well.
*Yes, eco-power has not been able to supply enough energy BUT do your research and you’ll find Europe was offered long term gas contracts with Russia and declined to do so many years ago. Gas is not like coal or even oil, if you need to ‘store’ instead of ‘directly pumping’ it then it needs to be ‘liquified’ then when you need to use it has to be ‘converted’ back which COSTS money. If you don’t just ‘continuously pump’ in vaporized form then it’s less cost effective.* 🧐 *In regards to Ukraine, who was it who supported a d’état against a legitimately elected government and overthrew it using no legal means, what country back that move politically?* 🤔 *In regards to areas such as Donbass etc, why were Russian ethics being killed by members of the Ukrainian military & police forces, along with psychopathic thugs LONG BEFORE little green men arrived?* 🤔 *In regards to NordStream 2, why would Russia continue to transit gas to Europe through Ukraine while in growing conflict and under heavily strained relations?* 🤔 *FINALLY, IF RUSSIA WAS USING GAS SUPPLY AS A POLITICAL WEAPON HOW COME EUROPE HAS BEEN BUYING GAS OFF RUSSIA SINCE THROUGHOUT THE COLD WAR, SOVIET UNION TIMES?* 😮
Don't be ridiculous. Of course Russia uses its natural resources as bargaining chips. Every country does to some extent, as a form of "soft" power. The European reliance on Natural Gas gives Putin both influence and leverage, which he isn't afraid to use. OPEC does the same thing with oil.
@@GonzoTehGreat don’t be so vague, 6:00 - 6:15 … the words used are *”GEO-POLITICAL WEAPON”* … argue with that person’s wording. I don’t have a problem with *”bargaining chips”*
@@americanpresident3717 I'm assuming you specifically have a problem with the use of the word *weapon* ? If so, by all means say so, because the PRODUCTION and DISTRIBUTION of energy is a *geo-political* issue and always has been. Indeed, multiple wars have been fought over it! This is the CNBC channel, so you can expect them to be pro-EU and biased against Russia, which is why they use such language. If you instead watch Russia Today (RT) who are the opposite, they'll deny Russia has ever used such leverage. Both news channels are biased, but that doesn't mean that, in this case, CNBC is wrong. Putin has probably restricted NG supplies to Europe, both to increase the market price further and also to remind the EU of its dependence on Russia to meet its energy needs. Russia's economy has suffered from the economic sanctions imposed after his annexation of Crimea, so this is a welcome windfall. Also, Nordstream 2 is more likely to face less opposition now. Putin is acting in Russia's best interests, at the expense of the EU, who can afford it. However, he's smart enough not to push things too far.
UK does a lot of renewables. I think quite recently, they were bragging that near 100% or energy consuption was covered by renewables so UK is fine. ... Oh, wait :) :)
Christmas eve is the day we as a nation show gas companies that we will not sit back and pay these high prices. I urge everyone to not go to your local gas station and instead stage a boycott on all fuel.
Green washing took us here. First after fukushima, the fear of a nuclear disaster increased, so governments decided to shut them down. In return nat gas, coal and hidroelectric had to compensate for this. And then without any viable alternative, they decided to increase carbon credits price. Voila this is the reason why
Can anyone please explain why my standing charge has double. I realized I may be ignorant of how the system works but I understand the unit rate, the gas that I use would go up, but the standing charge why? Surly the upkeep of the supply apparatus has not doubled.
China not buying coal from Australia (due to Covid lab fall out)... Thus China buying 35% more Gas, leaving none for Europe! China currently building 238 massive coal power stations will not help global emissions at all! Where will they buy the coal from? if not Australia...
Bro I think that our energy infrastructure definitely needs to be shifted over to renewable energy that’s both cost efficient and won’t harm the planet.
Instead of Russia's controversial gaz supplying policy the EU can turn to the Algerien gaz its cheaper and reliable spain and Italy are already buying gaz from Algeria so the other EU members should
Seems pretty obvious... The EU hasn't concentrated on development of diversified Green energy sources. That addresses decreased output from windmills... There should be a substantial increase in solar farms, and possibly not even rely solely on PV or Heliostat "concentrators" but both. And, probably constuct a "supergrid" that can transport electricity long distances across time zones so that solar can be operational more hous in a day and provide fault toleratance, ie functionality when parts don't perform like the windmills. In fact, maybe it would even make sense to build solar farms in the deserts of the South Mediterranean and transport across the Strait of Gibralter, and maybe Tunisia to Sicily and Italy. And, a Green increase from 9-18% of total energy consumption over 15 years is kind of pathetic. Bottom line is that the EU hasn't been creative and forward thinking enough to address energy needs if it really is serious about transitioning to Green. Here in the US, we have similar probrlems in various parts of our country... We have states like California which have more than doubled the percentage of Green power sources compared to the EU and massive over abundance of wind power generation in Texas, but we also have Green energy deserts across the south east of Texas. The rest of our country is a checkerboard of pockets of large and non-existent Green generation, but hopefully if a modern supergrid can be authorized and built, Green sources of generation will be shared across almost the entire country.
Because the sun is not there at nite nor does it produce when cloudy. Wind turbines need a certain steady speed to get at or near rated output, when the wind shows down output drops significantly. Why do people not understand this?
Could it be that we have become too ideological and green, hence relying on too few options for our energy needs? I do believe in creating a lifestyle with fewer energy needs but I also want to keep warm , cook food and shower
@@Oskar_W854 I'm sure if we use /take only what we need for a reasonable existence, like the animals do, we can't go wrong. Warmth, shelter, food and drink are essential to life
Probably nothing severe til 2050. but then- a lot of migration and regional wars that *could* disrupt supply chains. The world is really fragile now. Any real war would destroy global supply chains. and a global war is an extinction level event now.
@@rohzpopper4922 oh not the Russian people. But Putin and the oligarchs, they had a hand. Everyone in fossil-fuel business has been suppressing alternative energy and spreading propaganda.
Need I remind your democratic viewers that the bad Orange Man's Red Gas just 10 months ago in my state was $2.20 a gallon. Blue gas is now up $1.40. This is exactly what you would expect if a 3rd grader became our president and passed a slew of edicts in the form of presidential directives. To my democratic friends who put Brandon in office... pucker up and open up.
Russia is willing to supply more gas according to Putin but it was the EU that did not increase order more due to reasons EU know and blaming Russia as scape goat.
Here are some long term solutions: Increase renewable electricity and have it be implemented locally, so it's not so easily affected by supply/demand. Solarize homes with government incentives, so people generate their own energy (oh wait, then corporations can't make huge profits...hmmm)
So they said Russia should just pump more gas, while they look at there dollars value in comparison to other nations, if you were to tell a poor man to just work harder at what point is he a slave, right now they are letting others know they really aren’t putting up with unfair treatment anymore.
@travis biko. The world economy shut down for over 18 months since 2019 idiot! Do you think in your miniscule brain that might have impacted use? And Europe's "renewables" are biofuel! Renewable yes, green absolutely not its over 85% buring trees FFS. 300-500% more carbon than natural gas, less energy per unit because it's often not fully dried, claims to use dead wood but most facilities are seen stock whole logs from mature trees that they chip up and burn. Europe is getting fed some of that wood from the US right now as we speak.
They should put fuel costs up with huge huge huge hikes because every cat man and his dog just talk about it and dont do F..k all about it....No long term public strikes, nearly all of the public majority get S..T wages or S..T unemployment benefits and leaves us no way out...IT,S UP TO THE PUBLIC AND IF YOU DO NOT DO SOMETHING ABOUT IT; MAY IT LONG CONTINUE YOUR SUFFERING....PERIOD...
And you think you look like a 10? You think you have room to talk? What is it that she look like that your so bothered by you have to fix your lips to talk about a Woman's looks.
Also: let's shut down nuclear power plants, that way we'll become even more dependent on gas... OH! Wait!
funny they didnt even mention nuclear. with so many nuclear plants shutting down in the EU, that could also be a contributing factor to the rising demand in fossil fuels.
They remove power plants and the don't know how electric cars work lol 😂
CRUDE OIL GO DOWN SIDE
We can easily replace those with coal plants... oh no we also shut those down?
nuclear doesnt heat your home
A better title:
"Europe Shoots Self in Foot, Looks for Scapegoat"
It has always been this way
Europe : Let’s shutdown Natural Gas Exploration and Nuclear PP then blame Russia.
Yeppers.
You are conveniently ignoring American intervention!!!
Pls elaborate.
You mean our government... We're dealing with the same shit here in California... Have been for years now.
nice lie and bull crap. you did it to your self's. how many coal power plants did you close down? how many nuclear power plants did you close down why were you dumb enough to hope that green energy would work. how many years have you been buying nat gas from russia. did you not learn any yhing from your 1973 OPEC spanking
@@obitouchiha3017 CA did it to then self's
@@dknowles60 I have trouble understanding why anyone would think that Californians would be stupid enough to cast our vote in favor of the guy who doesn't need them. People have got to understand that there is no such thing as fair elections when you have MSM, Hollywood, Silicone Valley and the CCP funding the Democratic partys Political campaigns for your State.
Germany should have kept their nuclear power
Jup, we all should. It's the only way to emission free and independent future.
india should have accumulated more coal so what...
@@tempora4172 no
Well given that one of the German projects canceled due to Fukishima was a pebble thorium breeder reactor, they probably should've kept with their nuclear program as one of the goals of newer approaches to nuclear is to avoid Fukishima type disasters. It's a bit of an irony that the knee jerk reaction to Fukishima canceled all the projects intended to address the specific weaknesses of the Fukishima reactor.
@@tempora4172 India has a huge reserve of coal but the problem is mining it. Our laggard coal India is still in slumber.
Stop the leases, stop the pipe lines, stop burning anything that keeps you warm. What, prices going up?
Crap. What kind of analyst he is? He is just blindly blaming Russia. For what? For "failing" to deliver more gas than was contracted!! And he accused, the reason Russia did it because they are trying to pressure EU.
I thought EU believe in a free market? Why don't they ask the US for a help then? They are also a large gas producer, aren't they?
This video is just a crap. Providing no analysis, only victim blaming.
Correct coming from a Britt only the stupid anti Russian narrative seems to apply ,, well now get a double blanquet and cook with a candle
The thing is Russia is not known as being that warm during winter. It keeping all gas except already contracted for domestic use is just common sense.
He’s full of dookie
Agree with you. BS analyst, hope he sees this.
Nuclear is probably looking pretty good right about now. Maybe we should have listened to the experts. 🤷
Which experts? What did they say?
@@dontbanmebrodontbanme5403 Electricity generation and transmission experts. They say renewables are expensive and not reliable enough to be used for supplying base load.
@@tkirchmann We can make a grid based off of renewables only, or nuclear only. But it's better to have a mixture. Nuclear also relies on Uranium prices which can fluctuate widely. For renewables to win nuclear doesn't have to loose. The real enemy at the end of the day is Natural Gas, Oil, fossil fuels and biomass.
@@iceman18211 You can't make a grid off renewables only in most geographical locations. Their output is not stable enough and the relative cost is extremely high. That's why a compromise is nuclear for base load plus a bit and renewables make up a percentage of the fluctuating load. The most stable and lowest cost solution is 100% nuclear as generating renewable power is relatively very expensive. Not sure why environmental groups have decided nuclear is evil, but most people will just follow along with whatever they say pretending it's science.
@@iceman18211 " We can make a grid based off of renewables only, or nuclear only". Not a reliable one you can't.
So who has asked for increased Russian gas supplies and been refused?
Wind energy went from 30% down to 7%
What a fuckinglaugh
Well you can’t control the wind
Wind and solar down a lot in some place.
These two is cheaper but less reliable than geothermal, hydro and nuclear
@@sn5301679 they aren't cheaper period! Try pricing out a system!
@@kenthhamner2641 don't embarrass yourself, are you still live in the '90s?
go search it, on 2019 the price for solar and wind is around 40$/MWh
Nuclear is above 100$
@@sn5301679 a 7.5kwhr solar system for my house is $30,000. That won't even power my home fulltime and at 30 years to break even at current electricity rates here. And you can't put a price on solar because the output is both weather and geographically dependent. In other words, the price you pay for theoretical peak output has nothing to do with what you actually produce. Do you honestly believe a 200w solar panel kicks out 200w continually? Bloody armchair scholars with zip for energy or electrical knowlege. Meanwhile NG, coal and nuclear outputs can easily be ramped up or down and operate at rated output.
Why don't you mention that Russia is fulfilling all its contracts?
They don't want to mention that, cause they have to point to the bad guys for all their problems
@@julienckjm7430 Vilifying Russia has always been their agenda. It’s as simple as that
@Se Fu part of the reason the natural gas price is rising is because of coal supply chain issues in China. Imports from Indonesia and monolia have been down, so the Chinese have been driving up the price of natural gas by importing more than usual. I'm surprised that's not mentioned in this video. While not malicious by the Chinese government, they are contributing to Europe having to pay more for natural gas.
why germany blocking Nordstream 2 on silly grounds
Why Russia is bad again, why ???
why did you forget about American gas? they promised to deliver it to Europe, but they sent it to China.
nie lie and bull crap
France blocked the importation of liquid natural gas
10% for "The Big Guy". 🎃
Russia isn’t limiting gas. They’re also supplying Turkey and parts of Asia with gas. Imagining if all your neighbours shut down their gas supplies and you’re left to supply them.
Lies again? Gas Gap
Russia getting richer USA getting poorer
@@timothypopik2288 Thats Brandon's and the Green New Deal Commies whole plan............
@@CETGale GND is one of the reasons why there is war in Ukraine today
@@timothypopik2288 the Russian rubel is in free fall and their oligarchs are losing billions, so no not really their economy is fucked
Villifying Russia, whereas the EU won't honour the contracts with Russia. And imagine complaining that Russia is leveraging it's gas so NordStream2 could be approved. Anyway, winter is coming.
You mean nuclear winter is coming
The want green deal, here we go, don't complaing now pay the price.
And the "polls" say , 80% agree we have to fix "climate change" . So we will start with high petro and natural gas prices . Everything will cost more now including your bowl of rice soup .
The Green New Deal hasn’t passed in any capacity. The government is doing almost nothing to implement this. What are you talking about?
@@smerchly 80% is bull. I doubt that many stupid people exist. Sounds like the same clowns spewing the 97% of scientists bull!
@@kenthhamner2641 There’s many stupid politicians in Europe.
Bad policy decision is why prices are rising
The mistake was relying on wind etc rather than coal/gas & nuclear power stations - these can't be switched off until you can 200% green as a backup
I agree. And where do those great hulking wind turbines go at the end of their useful life?
@@chchwoman9960 landfill
Have you seen the wholesale graphs at Ofgem's website? They are very telling. I think this whole crisis is made up. A wholesale kwh of gas is only about 0.068p. There is some profiteering somewhere in the chain.
It wasn't a mistake. It was deliberate.
How come " Nord Stream 2 " is contentious if it ' s carbon print is 9 times less than the pipe line going through Ukraine ? Are you really caring about environment and nature or you are caring only about politics ?
He only blames Russia when scoring an own goal. Or trip down the stairs, blame Russia
Salty food, blame Russia not the chef !😂
Any corn pop ized lib can tell ya what we already know.
I hope they lose every single thing they have for it too.
Yeah and didn't Joe say no to that big pipeline..
He said no to the Keystone XL pipeline which is just an extension to the Keystone pipeline. It's still in operation and has been for years. Besides it has almost nothing to do with the high gas prices today. Supply and demand is the biggest reason for gas prices.
@@Doamino41 wrong. obama closeing down badly needed coal power plants
@@dknowles60
Really? That's your argument? That's pretty weak. Do some research on the subject and you'll see the rabbit hole goes much deeper. High gas prices is a world wide delema. The Keystone XL would make little or no difference. Remember the pipeline wasn't "closed down ", it was just never finished getting built.
@@Doamino41 cant handle the turth. again how young are you. then coal power plants were makng money. the only reason they close is obama made then down hint you dont know history.
@@dknowles60
LOL you sound like a 3 year old with that comment. Try again when you're grown up kid. In the meantime research what you preach. You might learn something. 😉
You burned nuclear and now you here crying for us... Are you a joke
Nigeria have huge Natural gas reserves but we are not using It. Most of our gas gets flared away, but now we would use it for generating electricity and sell some to Europe and Asia.
The price of gas in nigeria is also raising. For example the price of a 6 kg gas as raisin by 30% from this same time last year.
Does CCP China control Nigeria's natural resources due to debt traps? CCP China intentionally released the army of Wuhan viruses carriers to every country. All countries should ask compensation from pathological liar CCP China.
@@adekunleojo1503 Yh I think that a logistic problem because the NNPC says there is a lot of gas available to Nigerians but distribution problems causes high prices for consumers. The NNPC is trying to figure out the corrupt people causing distribution problems within the gas sector. I hope more people consume gas a lot and we should also use the flaring gas for generating electricity.
@@doogiechen2726 The CCP doesn’t control what you don’t let them to control. They don’t have control over natural resources in Nigeria. China only helps with infrastructures in Nigeria.
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Results of green deal. And weather isn't that cold like it was before.
sorry how is natural gas green exactly? If anything it shows we need to move away from natural gas
When you feel like the most environmentally righteous but winter is coming... and you still need that good ol fossil fuels to heat your butts 🤣🤣
@Behram Radmanesh nice lie and bull crap. how dumb are you you act like man can Change A climate when aman cant. Climate will always change. hint there was a time when a lot of north america and europe wend under 1000 ft of ice. did man end the ice age with a camp fire?
yet no one has mentioned nuclear power... sad
@@dknowles60 Very well put! People don't even bother to research that there is such thing called solar cycles which basically dictate the climate of Earth. And their ignorance is used like in Aikido by political crooks to peddle whatever agenda they have. So we should destroy our economy to slow down something that is happening anyway.
@@dknowles60 question what do you do for a living? And where did you go to college?
@Behram Radmanesh higher carbon dioxide levels are good for plants and reduces water needs.
The analyst says, if we had more renewable energy dependency than we wouldn't have these issues, what a joke, and in the same video says the renewable was the thing that created this shortage.
Europe doesn't have enough gas/oil to be energy independent. The only resource we can use to be energy independent is renewable.
The reason behind the hike is Russia limiting supply
@@aightm8 Russia limiting supply by building pipes which the euros refuse to make use of are you ok? Too long has the EU twisted hands and bullied gas suppliers looks like asians have won the competition for gas.
Their mistake was to consider Russian resources their own property
@@okakokakiev787 If we thought we owned it. Then it would be taken not purchased. My gas bills are literally putting shoes on their little 3rd world feet.
@@aightm8 you pay the bills you get gas what's wrong with it. Does not your country use long term gas contracts with low price like Hungary, Austria? Oh wait your Euro government decided that they don't need none of that and insist on bying with spot prices 1000+. But you blame Russians rofl
Let’s go Brandon
Bring back good old coal
Seriously? You blame Biden for the world's energy crisis?! 😆
@@Doamino41 this is a result of empowerment economics
@@acommentator69
Exactly! Economics is the reason for high gas prices,not politics.
@@Doamino41 too many checks
Ya lots of good info but I’m still blaming Biden 👈
Nuclear energy is amazingly CLEAN and EFFICIENT!! Also very safe when done correctly!!
LOL, when done correctly. Can you say Russia? Japan?
@@playlist55 Has never happened in US. No one died in Japan. Chernobyl killed ~500-600 people if you include long-term radiation.
@@pattybaselines Oh, Correctly is only related to deaths.... And you are so far off on Chernobyl, your comments don't bear any thought.
Nuclear energy is clean? Why then its called Nuclear "waste"? Would you like to store some barrels near your home? We have plenty of them here in germany and have no clue where to storage the next 500,000 years....
To all Nuclear fan boys: Inform yourself properly.
Also fact: Safe German reaktors won't help us, a lot of old and unsecure reactors in belgium and France are located right at the border to germany. The french people in Lothringen also claim that nuclear energy is clean. Until now, until the gov. decide to open a nuclear waste disposal zone there. Oh wonder, oh wonder
@@playlist55 compare that to hundreds of thousands of people that died because of coal and gas
Why? Remember someone, who Said: " not Nord stream 2?"
Hi Richard, what do you intend to say. Do you think the price is so high because of nord stream 2?
@@Soth021 What he means is that the US government imposed sanctions against " North Stream 2 " gas pipe being build between Russia and Germany . On top of that now when it is ready to operate the EU is dragging with the certification . At the same time EU is screaming for gas .
@@draganpenchev Hi Dragan, thx for the clarification. I don't think that ns2 would reduce the price a lot. In my opinion the problem is, that the EU country's waited to long to buy gas. And now everyone needs gas. Russia did nothing wrong they fulfilled their part of the contract.
I am a little bit angry that I have now pay this crazy price.
@@Soth021 Well , I do not know from what European country You are . The main reason for the highest gas prices is that in 2018 European Commission has forced " Gazprom " to change the gas pricing from the long term contracts based on the oil price to so called short term price based on the spot gas price on the European Trade Gas Exchanges . Mainly NBP in Britain and TTF in Netherlands .
Not all countries agreed to break their long term contracts with " Gazprom " . Some kept them and their prices are low to moderate , slightly higher than the beginning of the year , correlated to the increased oil price . For example Germany , Hungary , Austria , Turkey . The European countries that followed the European Commission idiotic rules and went with the new short term contracts based on the spot gas prices on the gas trade exchanges were ripped by the prices on those two gas trade exchanges . As an example I can give You the fact that the gas prices there went from $ 200 per 1000 cubic meters in the beginning of this year to $ 1937 per 1000 cubic meters of natural gas yesterday . That is almost 10 times higher in the mater of less than 10 months . For example Poland , Lithuania , Latvia , Estonia , Bulgaria , Romania , Moldova .
@@Soth021 , sorry for my lousy english but i didn't think anyone would read me. I was referring to the fact that the US were opposed to the north stream 2 but thank goodness for europe, there is the north stream 2.
Take gas out of the stock market and prices will drop.
But it isn’t on the stock market
@@ugo49396 but you can gamble, buy futures etc
@@ugo49396 it's basic component of is! That drives the base price for refiners.
They forget to say that USA stopped selling gas to Europe. It influenced market more than Russia.
Russia fulfilled all contracts and is villafied. Gotta love neutral journalism.
"Don't underestimate Joe's ability to f--- things up." - Barack Obama 2020
prices was going to go up no matter what president. These business men than own oil are being greedy. They need to be blamed
Sucks for the people who drive gas cars
Impossible to overestimate his ability at it.
@@freeweights101 - The US was energy independent under the Trump Administration Einstein. Try again. 🙄
@@theshield1613 - Not as much as it does for those that can't afford electric vehicles. 😏
It may be hard to believe but sometimes the wind doesn’t blow! Who knew?!
The sun not shinning brightly to gloomy weather
2 words *green deal*
No it not, Natural gas CO2 emission is actually the lowest out of all fossil fuels.
@@jaybee4577
Thurrs always nuclear
@@jaybee4577 It still produces huge amounts of CO² emissions. Lower than coal, but not zero.
He is blaming Russia!!!
the next ,he will blame China，then it's Russia's turn
@@lazymonkey8259 Well, they won’t be fooled by themselves.
Always will. Always be when USA are pulling the hidden strings
It isn't more expensive... The FIAT money in the world has been devalued by massive printing!!! Buy Silver, Gold, Bitcoin, Ethereum, Mining stocks, Oil stocks, Canned goods etc etc...
Russia has fulfilled all its contractual obligations, surely its upto European countries to negotiate new contract for more gas from Russia, if they have not done this how can Russia neely weely give European countries more gas?Russia has reapeditly said that they ready to supply more but they haven't had any request!so let's blame Russia as usual,shame on European Union countries 🤔 🙄 😏
Wow so they again blamed Russia for reunification with Crimea and connected this with Europe s energy problem. Amazing analysis like always. Expected no less
people should quit their cars and just walk
If you listen carefully, you can hear Putin laughing his ass off
At the same time Europe wants Russian gas and does not want to approve already built pipeline for Russian gas to come ;)
we don't want gas cause it's not eco! oh hi Mark, double the price is fine :))
Do you know who's not feeling that inflation..? Those with cojones that invested during the oil stocks crash back in March/April 2020.. I bet they are happy with those high prices
Depends if the companies they invested in still exist, and what the production levels of those companies are now relative to when they invested.
@@Hyperpandasof course.. Any of the mayor ones.. Not mickey mouse oil
@@reigon1048 I mean... Chesapeake went into oil with a $4 billion acquisition and then had to file bankruptcy in 2020 (one of several major companies involved with shale). They're out now, but sticking only with natural gas (no more oil). So it's not just small scale businesses (and their investors) who got hammered.
seriously it's been way too cold in europe, what nonsense, there hasn't been an elfstedentocht in years because it's simply too hot😡
Facts speak contrary to your russia decreasing gas supplies, it’s been up 10% year over year for the last 2 years…
Trump was right, it was a bad idea to depend on Russia for energy.
JORGE 💯👍TRUMP seen all this coming he knows its corruption it's all a joke GREEDY governments
So what's your plan B option then???
USA want to sell higher gas prices to Europe.😳 Cheaper Russian gas is bad for America. They cannot complete
3:23 this question does not make any sense. You had to say imports at the end didn’t you?? Correct me if I am wrong here.
I am from Saudi Arabia, praise be to God, a barrel close to $100, and gas and oil are cheaper than drinking water, where a liter of water equals 5 riyals and a liter of gasoline equals 1.67 and a half riyals 😘❤️🙏
Sounds nice. I dunno if I could handle having sweaty balls 24/7 because of the heat though .
Good old fashioned inflation. With all the newly printed money now making its way to general populations, suppliers & providers are simply jacking up their prices. Does anyone really believe gas supplies shrunk dramatically over the last 18 months of this "pandemic"? As others point out here, the mad rush to renewables is not working out well.
gas supplies did shrink. But first they got massively overproduced (in relation to solvent demand)
stupid carbon tax.
*Yes, eco-power has not been able to supply enough energy BUT do your research and you’ll find Europe was offered long term gas contracts with Russia and declined to do so many years ago. Gas is not like coal or even oil, if you need to ‘store’ instead of ‘directly pumping’ it then it needs to be ‘liquified’ then when you need to use it has to be ‘converted’ back which COSTS money. If you don’t just ‘continuously pump’ in vaporized form then it’s less cost effective.* 🧐
*In regards to Ukraine, who was it who supported a d’état against a legitimately elected government and overthrew it using no legal means, what country back that move politically?* 🤔
*In regards to areas such as Donbass etc, why were Russian ethics being killed by members of the Ukrainian military & police forces, along with psychopathic thugs LONG BEFORE little green men arrived?* 🤔
*In regards to NordStream 2, why would Russia continue to transit gas to Europe through Ukraine while in growing conflict and under heavily strained relations?* 🤔
*FINALLY, IF RUSSIA WAS USING GAS SUPPLY AS A POLITICAL WEAPON HOW COME EUROPE HAS BEEN BUYING GAS OFF RUSSIA SINCE THROUGHOUT THE COLD WAR, SOVIET UNION TIMES?* 😮
Don't be ridiculous. Of course Russia uses its natural resources as bargaining chips. Every country does to some extent, as a form of "soft" power. The European reliance on Natural Gas gives Putin both influence and leverage, which he isn't afraid to use. OPEC does the same thing with oil.
@@GonzoTehGreat don’t be so vague, 6:00 - 6:15 … the words used are *”GEO-POLITICAL WEAPON”* … argue with that person’s wording. I don’t have a problem with *”bargaining chips”*
Very well said !!
@@americanpresident3717 I'm assuming you specifically have a problem with the use of the word *weapon* ? If so, by all means say so, because the PRODUCTION and DISTRIBUTION of energy is a *geo-political* issue and always has been. Indeed, multiple wars have been fought over it!
This is the CNBC channel, so you can expect them to be pro-EU and biased against Russia, which is why they use such language. If you instead watch Russia Today (RT) who are the opposite, they'll deny Russia has ever used such leverage.
Both news channels are biased, but that doesn't mean that, in this case, CNBC is wrong. Putin has probably restricted NG supplies to Europe, both to increase the market price further and also to remind the EU of its dependence on Russia to meet its energy needs. Russia's economy has suffered from the economic sanctions imposed after his annexation of Crimea, so this is a welcome windfall. Also, Nordstream 2 is more likely to face less opposition now.
Putin is acting in Russia's best interests, at the expense of the EU, who can afford it. However, he's smart enough not to push things too far.
@@GonzoTehGreat do you really think you are telling me something new, bravo 👏🏼 … 😛lame reply below 👇🏼
Wait, CNBC is talking about the real gas, not gas which is actually liquefied fuel. On what world is it???
You know who isn't feeling this? Countries and people with renewable sources. No need no gas.
Are those the same countries that now have poisoned water supplies, from all those leaking lithium batteries piling up and can't be recycled?
UK does a lot of renewables. I think quite recently, they were bragging that near 100% or energy consuption was covered by renewables so UK is fine. ... Oh, wait :) :)
There’s enough coal in America to last for 200 years
Keep burning coal and Earth will not last beyond a 100 years.
Yeah but if we keep burning said coal earth won’t last 20 years
America never stop polluting earth..Their big cars and trucks are the main culprit !
@@akk2018 nice lie and bull crap
It’s the Democrats fault.
Every person is able to produce a little gas every day on their own. 🤔
Exactly! Lol
One word: Biden
"Let's go Brandon"
what abt using biogas plant partially at individual or community level ?
Not profitable for the corrupted corporate and their puppet politicians.
Christmas eve is the day we as a nation show gas companies that we will not sit back and pay these high prices. I urge everyone to not go to your local gas station and instead stage a boycott on all fuel.
I see why they called you ian.
how much energy does it take to produce a wind turbine, so how many years to recoup
Green washing took us here. First after fukushima, the fear of a nuclear disaster increased, so governments decided to shut them down. In return nat gas, coal and hidroelectric had to compensate for this. And then without any viable alternative, they decided to increase carbon credits price. Voila this is the reason why
It’s because the WEF told them so. Too much money to be made in a less efficient energy source. Let’s be real.
Go to church and ask God to send some wind. Stock on woollens. 4-5 layers. And cut any tree in the park outside.
Can anyone please explain why my standing charge has double. I realized I may be ignorant of how the system works but I understand the unit rate, the gas that I use would go up, but the standing charge why? Surly the upkeep of the supply apparatus has not doubled.
In India, the reason is high taxes.
China not buying coal from Australia (due to Covid lab fall out)... Thus China buying 35% more Gas, leaving none for Europe! China currently building 238 massive coal power stations will not help global emissions at all! Where will they buy the coal from? if not Australia...
They will buy from Trudeau, hes a ccp sympathizer!!
Geo thermal energy.
Let's go Brandon! 🤬
Bro I think that our energy infrastructure definitely needs to be shifted over to renewable energy that’s both cost efficient and won’t harm the planet.
Instead of Russia's controversial gaz supplying policy the EU can turn to the Algerien gaz its cheaper and reliable spain and Italy are already buying gaz from Algeria so the other EU members should
Seems pretty obvious...
The EU hasn't concentrated on development of diversified Green energy sources.
That addresses decreased output from windmills... There should be a substantial increase in solar farms, and possibly not even rely solely on PV or Heliostat "concentrators" but both.
And, probably constuct a "supergrid" that can transport electricity long distances across time zones so that solar can be operational more hous in a day and provide fault toleratance, ie functionality when parts don't perform like the windmills.
In fact, maybe it would even make sense to build solar farms in the deserts of the South Mediterranean and transport across the Strait of Gibralter, and maybe Tunisia to Sicily and Italy.
And, a Green increase from 9-18% of total energy consumption over 15 years is kind of pathetic.
Bottom line is that the EU hasn't been creative and forward thinking enough to address energy needs if it really is serious about transitioning to Green.
Here in the US, we have similar probrlems in various parts of our country... We have states like California which have more than doubled the percentage of Green power sources compared to the EU and massive over abundance of wind power generation in Texas, but we also have Green energy deserts across the south east of Texas. The rest of our country is a checkerboard of pockets of large and non-existent Green generation, but hopefully if a modern supergrid can be authorized and built, Green sources of generation will be shared across almost the entire country.
What happened to Norwegian gas?
Why while more and more renewable energy sources are being build the gas consumption in Europe is increasing even faster ?
Just one example, Germany close practically all the nuclear plants and is producing all that energy just with fuels (gas)
Because the sun is not there at nite nor does it produce when cloudy. Wind turbines need a certain steady speed to get at or near rated output, when the wind shows down output drops significantly. Why do people not understand this?
Could it be that we have become too ideological and green, hence relying on too few options for our energy needs? I do believe in creating a lifestyle with fewer energy needs but I also want to keep warm , cook food and shower
Yes we have become to dependent but the alternative is a possibility for quite literally the end of the earth and can we really risk that?
@@Oskar_W854 I'm sure if we use /take only what we need for a reasonable existence, like the animals do, we can't go wrong. Warmth, shelter, food and drink are essential to life
Sorry you can't. Your lifestyle contaminates our planet.
Financial genius that hasn't passed high school yet
Is it possible they did not know that storage is not useable anymore and did not replaced it with new one?Hmmm...
EU's overreliance on renewables makes the EU reliant on Russia
It's let poor people be more poor or save the planet if you believed in MM CC.
It´s always easy to blame Russia as that is what the west is good at doing, it was the EU that created the crises. Please fact check
We all are screwed...I think the world will end by 2040
Probably, most likely, and honestly I hope sooner than that.
World will never end, maybe you will.
Probably nothing severe til 2050.
but then- a lot of migration and regional wars that *could* disrupt supply chains.
The world is really fragile now. Any real war would destroy global supply chains.
and a global war is an extinction level event now.
As far as I know, America screwed you. Blame everything to Russia when it's not her fault.
@@rohzpopper4922 oh not the Russian people. But Putin and the oligarchs, they had a hand. Everyone in fossil-fuel business has been suppressing alternative energy and spreading propaganda.
How soon can you deliver?
Need I remind your democratic viewers that the bad Orange Man's Red Gas just 10 months ago in my state was $2.20 a gallon. Blue gas is now up $1.40. This is exactly what you would expect if a 3rd grader became our president and passed a slew of edicts in the form of presidential directives. To my democratic friends who put Brandon in office... pucker up and open up.
And the M Rons who voted for corn pop deserve to lose every single thing they have.
very informative, ty
This video is so biased it's hard to watch.
What's wrong with it?
This is what happens when you let gretta thunberg and her followers decide your future.
How dare youuuu!?.. What a comedian
I always let little kids control my future.
@@newaccount6874 hahhaha
@@newaccount6874 stop! All you can talk about is money and fairy tales of eternal economic growth. How dare you!
Russia is willing to supply more gas according to Putin but it was the EU that did not increase order more due to reasons EU know and blaming Russia as scape goat.
Gas in Europe went from $800 to $3,800, it's a disaster, sanctions are killing Europe's economy
Shut down all the coal and nuclear power plants! Let's go green!
The sun is not shinning. The wind die. The sea is flat. No waves. Zero energy output 😂
Natural gas...still the best heating source
Money printing!!!
Here are some long term solutions: Increase renewable electricity and have it be implemented locally, so it's not so easily affected by supply/demand. Solarize homes with government incentives, so people generate their own energy (oh wait, then corporations can't make huge profits...hmmm)
XD
We pay 280 euro gas for December and the salary is 550 euro .
then why is it down so low today at like 5.21 for november contract? down like 35 cents for the day?
So they said Russia should just pump more gas, while they look at there dollars value in comparison to other nations, if you were to tell a poor man to just work harder at what point is he a slave, right now they are letting others know they really aren’t putting up with unfair treatment anymore.
I have to drive on eco mode and this still doesn’t help me .. i need gas prices 3$ or less its killing me
Peak oil was in 2019, and now 7% decline annually.
nice lie and bull crap. we have not even tryed to get more oil. hint oil can be made from coal. there is a lot of coal
@travis biko. The world economy shut down for over 18 months since 2019 idiot! Do you think in your miniscule brain that might have impacted use? And Europe's "renewables" are biofuel! Renewable yes, green absolutely not its over 85% buring trees FFS. 300-500% more carbon than natural gas, less energy per unit because it's often not fully dried, claims to use dead wood but most facilities are seen stock whole logs from mature trees that they chip up and burn. Europe is getting fed some of that wood from the US right now as we speak.
They should put fuel costs up with huge huge huge hikes because every cat man and his dog just talk about it and dont do F..k all about it....No long term public strikes, nearly all of the public majority get S..T wages or S..T unemployment benefits and leaves us no way out...IT,S UP TO THE PUBLIC AND IF YOU DO NOT DO SOMETHING ABOUT IT; MAY IT LONG CONTINUE YOUR SUFFERING....PERIOD...
greta and aoc must be very happy now.
We need nuclear
Too many people at home instead of in workplaces won't help
I wish u put subtitles because I'm an English learner
I get it gas prices are going higher but you don't have to look like a whatever you're looking.
And you think you look like a 10? You think you have room to talk? What is it that she look like that your so bothered by you have to fix your lips to talk about a Woman's looks.
Lies it’s not rising demand it’s because we stopped fucking production