John Aylward, CIO at Sona Asset Management, says the question is whether policy will be good enough.
Energy crisis: The outlook is ‘very, very tough,’ says asset management firm
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John Aylward, CIO at Sona Asset Management, says the question is whether policy will be good enough.
I think the energy crisis is exaggerated. Germany is rich & can afford higher energy costs without any problem.
We’re in a mess war that may take years to finish as both sides can invest as much so only this alone will generate a very negative impact during the time, besides with the sanctions, Europe mostly highly dependent on Russia gas will start harder pollutants like coal and the dwindling fossil fuel agenda is paused, they’ll invest alot of money back on fossil’s fuels to generate cheaper energy, or the whole West unite to invest 90% on renewables funds which is impossible with a conflict nearing world war 3, high military expenses and corruption. If there’s a peace agreement its still possible, but that is lacking empathy, Russia the invader has to pay.
Europe will have to bear with high inflation for some time as the energy crisis won’t finish soon so we’re going to get alot poorer as the bills will keep rising much faster than wages
If the climate temperature keeps rising as it is and probably will since we’re causing more emissions than before. Droughts, lack of drinking water, and losses on crops will get common so food stocks would vanish soon and inflation would burn.
When it gets to that point it’ll be like a blame game and the worse will happen
Thetruthcontesthetruthoflifethepresent…
Germany won’t be rich for long if it can’t make anything to export without any Natural gas
are u in the stage of denial?
@2024 is the year Not denial, just not very smart
There is an obvious solution. Everyone in the world can see this.
@Rodrigo Martincic Europe hes been reluctant to invest in crytical sectors…like energy / defence….Witouth nucliar we would long be beyond the point of no return…Nucliar is most cost affective on the long term ofc it creates a huge up front cost…..Its never wise to outsource critical parts of 1 state aparatus that is valid for fighter jets as it is for energy….the moment you outsource you loose control … mayby look at it as a men and a nation that takes responsebilety for there action…instead of sacrofysing others while cowerdly standing in a corner ….Germany made a mistake when it closed it nucliar centrals…A wise men recognises the mistake and corrects it…
@Nvb Nvb IThis takes years to do.. YEARS how much GDP will Europe have lost by then? Do you think the market they are going to lose will wait? Once lost, you can’t recover China / USA will be unbeatable there will be no more space for Europe
And it’s not that the Europeans didn’t try much of the good standard that Europe achieved in the last 50 years, it was because they had access to cheap raw material from Russia
@Rodrigo Martincic the GDP lost will be the price to pay for there reluctance to invest ..as for now retrofit current centrals while building new 1 s to mitigate some of the damage…Economics cant replace our value s …(otherwise better rename to china and get a krony leader like china or russia) and there is no point in having value s and not defend them it makes you look even weaker..doing the right thing is always harder…
@Nvb Nvb It takes at least 5 years to create a nuclear powerplant, billions of USD and that is IF the German green movement agrees with using land/forests to erect such thing. And the last thing is, Russia is almost the sole provider of enriched Uranium, which the USA buys uranium rods from Russia TO THIS DAY without issue.
Also it’s hard to correct things if the cancer has spread, become malignant and about to implode itself. Something will result from this energy crisis
This is so uplifting I think I will jump out the window now! ➿
✔️
There is such a lack of fear from the Europeans. They actually think they are tough enough to survive the coming winter. Such foolish thoughts from leaders steeped in utter fantasy.
It’s much better to do business than to do war.
Sounds like one of the 236 rules of acquisition of the Ferangi
Stop sanctioning Russia and worry about your own citizens
@Tomasz Darmetko Opec+ look that up too because of the West capping oil prices they are cutting down production opec+ includes Russia by the way.
Then rusia can invade all former soviet union country?, No
I sympathize with Ukrainian people, but this war is inevitable as Russia must defend its own existence and its civilization. Imagine Zelenskyy allowed NATO nukes on their territory.
SUCK UP 2 NATO BIDEN CRIME FAMILY
Sanctions on Russia must be removed immediately and European leader’s should get on their knees and beg for forgiveness
Agree
@Anonymous Earthling1990 uk hes same problem as Germany to low investment in energy security…..atleast they started correcting(new nucliar plants) it before the sanctions hit.ofc there not finnished and now they stand with there pants down…+the Decline is mainly comming from leaving the Eu block the econemy didint had time to adjust yet so you get a tripple wammie-high debt-energy insecurity(for now)-and bre exit issues
As an American citizen, I AGREE WITH YOU 💯 PERCENT!!!!!! )))))
Europe’s implosion is entirely self inflicted and there is no solution. The energy Europe needs doesn’t exist. What EuroTrash .gov policy is going to make a molecule of usable energy? Can’t stay warm with platitudes.
The economy that can withstand thousands of sunctions Vs Thousands of economies that cannot handle one sunction, just one sunction
What economic indicator you use to describe Russia economy is doing well?, GDP, Inflation rate?,
@Dodi Irawan It says it’s withstanding. I live in a 3rd world country (Philippines), giving an example of how rich a small European country is moot when you can’t even supply your people with enough gas
the US want to go to war with the energy and food producer and the world manufacturer, all so the US can maintain its declining hegemony, and the EU in their foolishness played into the uncle sam’s hand.
So Ukraine is winning? No?
🤣
Wintertime is coming, can you feel the cold in EU? You soon will be and your
regime will punish you with 3 years jail if you turn on the heaters to above
19 degrees! Fascism in EU is truly here!
Remember when Donald Trump stated the EU should not rely on Russian oil. He was right. The Biden administration is partially to blame . Green energy is not available in sufficient quantities to rely on them.
This is war. We should be happy half our young men are not dying defending our nations from the barbaric butcher from Moscow. Ukraine is doing that for us. Economy and business as usual are dead for now. War war war is the only thing that matters. We win and Putin bites the dust, or we lose and Europe will be unrecognisable in 5 years.
Green energy is the key bad policy to blame
The moronic climate policies have brought us to the point. Will they change course and go back to fossil fuels? No. They will double down on the climate garbage.
Did he actually mention the “poor policy” that created the economic mess?
Is Victoria Nulands War and the Project for the New American Century, being questioned?
I never thought CNBC would ever permit such Heresy?
Now Europe knows how it feels like to be sanctioned. What stupidity. Russia has been telling you to not expand eastwards for over 30 years, yet you continue to do so.
The green people can just erect a windmill at their house for heat this winter! They can use the hot air from their bullshit to spin it, problem solved.
Is it really so difficult for Europe to accept that it has to negotiate with the Russians? Is it so difficult for Nato to find a middle ground and accept that he won’t be able to fill Ukraine with weapons? Is it so hard for Europeans to sit down like adults and negotiate peace?
there is no cost of living or energy crisis, Russia burning 10 million USD worth of unused gas EVERY DAY near the Finnish border. But the west decided to pay the ‘cost of freedom’, so pin the ukrainian flag onto your shirt and enjoy the western style of living while it lasts.
Pissing on green energy policies while giving a clean chit to Putin is typical Right wing tankies behavior.
or maybe you really have no clue.
The hostess is very beautiful, and not a dumb blond.
It was very stupid for EU/NATO & US to announce Russian oil price cap starts Jan 2023, OPEC+ oil prices will be the gauge. In order NOT to compete with suppressed Russian oil price in Jan 2023, OPEC+ will continue price boosting production cuts, so it will be at a very good position in Jan, $120/B could be possible in Dec 2022 when winter starts. There is a total of $1.5T margin calls through out EU, each nation will try to get new big loans to survive. Thus EACH one is on its own, i.e. to finance $60B new loan is much easier than the entire EU to negotiate $1.5T financing. Each European nation will negotiate oil/gas prices with Russia individually to ensure supply and fair prices, thus avoid old loans margin calls.
Bottom line, NATO and EU will be hollowed out by their own members financially, but still wants US nuke umbrella Paper Tiger leverage protection against Russia. So a hollow NATO/EU shell will survive like the League of Nations. 🤨🤔
thanks for watching inbox me right away!👍
They were taking down their nukes and replacing that capacity with solar. If you are all about green at any cost this sounds like an amazing idea. For those with a map it’s pretty clear that Berlin is 1,000 miles from the arctic circle and this is probably the worst idea since someone said let’s get our energy form the Russians… they’ve probably forgot all about ww 2.
NATO just had to have Ukraine.
Wti oil is $80 today ..that is no ‘crisis’ price for sure.
*sighs* …So, before everyone angrily stabs me with your pitchforks, just hear me out:
On one hand, sure, yes, “green energy” or renewable energy that reduces our overall global footprint and helps fight the negative effects of climate change IS indeed a good thing. It’s the ideal to strive for that is the morally correct choice. However, right now, it is really just an idea.
On the other hand, the primary issue with it is that there isn’t the infrastructure to fully support a society switching totally towards green renewable energies yet. Not only are the materials and construction of the technology extremely expensive and labor-intensive, but the technology really just isn’t fully there yet to get the most energy out of the solar, wind, hydro, motion, and biofuels as efficiently as possible. Furthermore, a drawback of these energies is their absolute reliance on environmental conditions. For example, you NEED clear to mostly clear skies with a good amount of daylight hours to collect enough energy from solar panels. Furthermore, those solar panels must constantly be cleaned and maintained. But what happens during the winter or rainy months? Well, there goes your reliance on solar power for a bit. What happens on the days when there are calm and still skies with little-to-no gusts of wind? Well, there goes the wind-turbine power. The simply fact of the matter is that right now, “green” or renewable energies are purely supplemental. They in no way, shape, or form can replace a large society’s main source of energy. We NEED coal, oil/petrol, and nuclear. Those are our primary sources of power with the greatest energy generation and output. At least for now.
The key here is practicality and realism. I have no doubt that sometime in the future, we will do away with burning wood, or using coal and oils for energy and will be completely using 100% green renewable energies for mundane everyday things and using some alternative power source (dark/red matter, gravity, etc., etc.) for larger undertakings like intersolar to intergalactic space travel. But right now, in 2022, that isn’t the reality. Yes, as a society, we’ve advanced from wood and fire, to steam, to coal, to wind, to solar, to geothermal, to oil/petrol, to hydroelectric, and finally to nuclear. But that is where we are currently at. By shutting down nuclear facilities and oil pipelines, cities are essentially cutting off their arms and legs. Sure, you may be able to make do and get by, but not well or easily. There are many other more effective ways of fighting the negative impacts of climate change and reducing our global footprint that we could be implementing right now than this.
I agree with Rowan Dean from Skynet News Australia. There absolutely is a crisis regarding the lack of logic, sense, and rationality. There are FAR too many idiotic people out there with Intelligence, but who completely lack Wisdom.
What’s Pelosi buying or selling! Give us a heads up!
EU leader Ursula Van Der Leyen blundered in the response on the invasion. The decision to stop affordable long term gas Russian contracts, in favor of short term expensive ones was insane. It will drive EU households and industries into a recession that we have not seen since WWII. The economic fall out of these self imposed sanctions are a far greater threat on EU prosperity, stability and security, than Russia could ever be. Van der Leyen effectively put a ticking time bomb under the EU economy. This EU policy condones EU citizens to struggle, as long as Russia suffers more. In a reaction, EU citizens will vote massively extreme right, which will destabilize and endanger democracy.