Europe's Ability to Weather a Russian Oil and Gas Ban

Massimo Di Odoardo, vice president of gas and LNG research at Wood Mackenzie, examines Europe's energy capabilities if an embargo of Russian gas and oil is enacted. He speaks with Francine Lacqua on "Bloomberg Surveillance Early Edition."

[ellengran]

This is the best thing that could ever happend to China. All russian gas changing its direction from west to south. I would not be surprised if they manage to build new pipelines within 2-3 years.

[NPAMike]

I love how this dude is saying yea were fucked but this lady is saying but maybe we can do this but then this guy is like yea we can do it we'll just have to cripple our economy and people will lose jobs.

[lunafringe]

it took Germany 20 Years to build this new Airport in Berlin. Everything is snail pace.

[WalkOverHotCoal]

One of the major differences between politicians and engineers is...Politicians draw a line from point-A to Point-B, and that is the new gas pipeline...a five minute job max. Engineers take for ever, mulling over everything that could possibly go wrong, and the real pipeline will take many years. Politicians are dreamers and engineers are realists.

[lunafringe]

Already the EU is paying in rubles, what do you mean, the EU is not bending to Russias demands? hahahaha

[williamshaw]

The real truth is is that the US and Europe economies are starting to crumble and collapse. And we can all blame the leaders of the United States and NATO for every single bit of this.

[oprrrah]

I guess this is where the US strategic oil reserve is going...

[eipi]

Why didnt the EU see this coming? Trump warned you back in 2018 this could happen. Europe deserves this, maybe learn something this time but i have my doubts.

[ddtfundamental]

EU is hopeless. There is no way European countries can replace their Russian gas. Not mentioned Europe dependent on Russian titanium n fertilizer.

[NPAMike]

Why does people only say if Europe can weather it. Can the global industry weather the higher prices that come with it if you don't buy Russian gas. Your literally take out a large market share.

[IWario]

You guys should search the video we’re Trump warrant them about dependency on Russia and they were laughing at them.

[richardstaples]

Senseless optics (ban oil, but not gas) shows leaders w/ mixed motives, out of their depth, totally inept, & self destructive for their economies.

[michaelmcgarrity]

Severity of Winter makes a huge difference in Natural Gas Consumption. Pray for a warm Winter. A couple Polar Vortexts without adequate Natural Gas could result in tragic Casualties of people frozen to death or dying from dehydration due to frozen Water Systems. 2019 Winter was Brutal with about twice the Energy consumption of Normal Winter per my Utility Bills. I keep my home about 40 Degrees Fahrenheit wearing warm clothes such as thick Icelandic Sweaters indoors through Winter to keep my Energy Consumption low even though I can afford to pay high utilities. It will be Wise for Europeans to Chop down many Trees, store Firewood, upgrade their Wardrobe and Store Drinking Water in insulated containers to be prepared. European Government is more focused on Virtue Signaling than welfare of Citizens. 8 Months to Winter. Prepare now.

[caelanshpak]

I keep saying if you're up needs oil and gas so badly they should make a deal with Canada and ship it to them we need buyers but our tree hugging prime minister is too stupid to realize that his version of doing business sell it to the US to refine it and buy it back for twice the price how does that add up

[srikark]

When Russia annexed Crimea in 2015 and started supporting pro-Russians in the Donbas region of Ukraine, what was Europe doing? Didn't they have other energy alternative plans in place to tackle the current Ukraine situation? And instead, Europe relied more heavily on Russia for its energy needs, and even some European counties started shutting down their nuclear power plants. It's hard to understand some European countries' policies.

[shrox]

extremely bad situation but we ll have to learn abt clean, green energy within country instead of importing

[madlovepictures]

Russia going to do it in the middle of winter

[travelingman]

EU leaders must get creative to find away around the objections of a few holdout EU member states. A complete ban on Russian oil and gas is by far the quickest way to end Russia's aggression. By far.

[melaniabettarelli]

It’s going to be hard for the next couple of years. On the other hand, at least renewable energies will get a push