How long will Europe's energy crisis last? • FRANCE 24 English

The cost of gas and electricity has soared in countries across Europe, and prices are expected to continue climbing as temperatures fall in the coming months. A limited supply of natural gas and higher demand have pushed up prices for power companies, industry and consumers. James Waddell from research consultancy Energy Aspects tells FRANCE 24 how long the crisis is set to last, and how it might be resolved.

[goldenoriolesilverbirch]

Germany said that Gasprom is meeting it's contractual obligations, and no-one is accusing it of breaking it's legal obligations. Some countries already have long-term contracts with Russia & will escape the price spike. That other countries have not managed their energy security wisely, ( being overly reliant on green energy, ) is not Russia's fault. In addition, one wonders if it was the other way around, how far Europe would be willing to go to bail out Russia, and what concessions would they squeeze from a desperate Russia ?

[iatros]

Dubstep is so 10 years ago.
Is Skrillex still alive?

[darkmatter]

Russia finally realizing Asia is more important energy market. They should not have built Nord Stream 2 and instead should have created Power of Siberia 2.

[Ahoooooooo]

I can't imagine what would have happened if North Stream 2 was abandoned.

[chigeh]

Renewables are also part of the problem. Gas is the preferred partner for renewables due to it's flexibility. We should be honest that "just more renewables" is not enough. Storage technology needs more investment to deal with renewables intermittency problems. We should also be building more nuclear power plants instead of closing them.

[connecttown]

European countries were saying they didn't need Russian except Germany. The sanctions and extravagant restrictions on Russian gas supply to Europe by EU and NATO to be blamed.

[hawkkim]

it's not easy to live in europe. everything is too expensive.

[kevt]

Can't you use the spare Nuclear Submarines.?

Or just blame it on Brexit lol

[skogsjarvenab]

This is a result of Schröder, European energy industry in a stranglehold. Good luck to Finland who's parliament granted a nuclear plant from Russia.

[Mutineer]

I wander why they do not Blame Norway? They provide a lot of gas to EU. Why there do not blame Norway for not providing more gas?

[אורגרין-תק]

There Is No Shortage of Energy; There Is Shortage of Normalcy

Despite increased production of energy from renewable sources, and despite the slowdown in car manufacturing, oil prices are skyrocketing. Even though fewer power plants still burn coal, coal prices are skyrocketing, as well. Natural gas prices, too, are going through the roof, and energy demand seems to outpace supply in every country and in every form of energy. Have Earth’s energy sources dwindled so drastically in a matter of months? The answer is a resounding “No!” There is no shortage of energy; there is a serious shortage of normalcy in human relations. I hope the current crisis will put some sense into humanity’s insane consumption.
The energy crunch indicates that we are over consuming. We are producing too much, throwing the excess production to the trash, polluting the ground, the air, and the water, and then we are complaining that we do not have enough. It is about as sane as killing one’s parents and then pleading for the court’s mercy because I’ve recently been orphaned.
It is time we reconsider everything we produce—how we divide production, profits, and goods, which services are necessary and which are redundant, and most importantly, how we treat one another. The goal of this process should be clear to everyone: survival.
There is no ulterior motive, no attempt to dominate or deprive anyone of power or wealth. It is simply that reality is forcing us to take all of humanity and the entire planet into consideration. If we don’t, our entire civilization will collapse like a deck of cards.
Since we still do not understand it and insist on running things the way we have always been running them—through power games—I anticipate a very cold and gloomy winter for the northern hemisphere. The energy crunch will leave many in dark and cold houses; there will be no gas for cars, and renewable energy will not replace traditional sources since there will be little sun during the winter. I hope that at least, it will make us rethink our values. If it doesn’t, next summer will be even worse than the awful summer that just ended.
I know that many people are counting on the promise of renewable energy to solve the energy problems of humanity. I think they are mistaken. There is plenty of energy, far more than we really need. We could cut emissions by at least half tomorrow. But the more we have, the hungrier we become, so our thirst for energy will never be satiated, and we will never stop exploiting the planet or each other until we reeducate ourselves and start being humane toward each other.
We have been behaving like spoiled brats whose parents buy them whatever they want. Now, our parents have run out of money and our childhood is over. It is time for us to mature and conduct ourselves like responsible adults, caring for all of humanity the way a mother cares for her entire family. If we think like a family, we will achieve normalcy.

[janiekcarney]

In Oklahoma America, gas is $2.67 a gallon. I can drive 25 miles a gallon. That’s good in my book. I wouldn’t want to walk for $2.67 per 25 miles.

[irina.a.b]

Dear European people - Nord stream 2 is ready to supply but it's not authorized from European side. Definitely not Russia's fault!
In general all the prices will go high cause of the artificial shortage, created by some... people

[Ilamarea]

This is just flooded with russian bots. :D