Skyrocketing energy costs: Is European industry on the way out? | DW Business Special

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DW News

DW News

Жыл бұрын

Factories across Europe have been dialing down their production to save on energy. The knock-on effects of Russia’s invasion of Ukraine mean European gas and oil prices are now many times what they were at the start of the year. Is the production slowdown the beginning of the end for European industry? We answer that question and others with the help of Bruegel’s Maria Demertzis in this DW Business Special.
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#Deindustrialization #Energy #Europe

Пікірлер: 1 100
@kolle128
@kolle128 Жыл бұрын
Great idea! I never tought of digitalization! We can digitalize the entire europe, and then we can live with digital food and digital heating. Problem solved!
@ifh4030
@ifh4030 Жыл бұрын
1 real steak is probably only 10 ounces on average but am NFT steak could be 10 lb. Imagine how many digital beings that could feed.
@chopinmack5418
@chopinmack5418 Жыл бұрын
We can digitalize Maria and send her to Mars 😊 .
@conorwhite2066
@conorwhite2066 Жыл бұрын
😂.. brilliant response Then of course we could complete our suicide by outsourcing everything to China...
@Jump-n-smash
@Jump-n-smash Жыл бұрын
Time to invest in Meta and harvest those sweet virtual dividends
@TheRealIronMan
@TheRealIronMan Жыл бұрын
ok this brings me hope, I guess its not that easy to brainwash ppl lol, Americans are bribing thinktanks and pundits to make Europe move its industries into the US, glad most ppl are not buying the bullsh1t
@A3Kr0n
@A3Kr0n Жыл бұрын
A country that can't make its own stuff is lost. -me
@eddie0lutetia
@eddie0lutetia Жыл бұрын
I guess Russia is lost. They can't even make their own planes and cars...
@quantummotion
@quantummotion Жыл бұрын
A country that can't make its own stuff is poor, hungry, and lost. -me
@jaklinhyde
@jaklinhyde Жыл бұрын
See a majority of Africa, too reliant on foreign aid Far too many of their own people don’t know how to farm, fish, raise livestock They will forever be stuck in poverty if they don’t become self sufficient
@olafsigursons
@olafsigursons Жыл бұрын
Who live in the past will never progress.
@Western_Decline
@Western_Decline Жыл бұрын
Europe will abandon Ukraine. -me 😂
@solarheat9016
@solarheat9016 Жыл бұрын
It is sad how that woman wants to throw manufacturing under the bus in favor of "digital" industry instead of solving the energy crisis.
@thomasherrin6798
@thomasherrin6798 Жыл бұрын
Go base load new nuclear, and that will be 5 to 10 years away!?!
@5highkcaj
@5highkcaj Жыл бұрын
Well. If Germany can offshore the manufacturing of complex machinery to China what makes people think that China can't take the digital as well? Especially given the "nature" of digital. Once software gets through testing its few teams working on updates and security. China India Pakistan have enough young talent to make all IT wizards of Europe jobless for a fraction of their salaries. And then there is a AI😉 coming soon to take the office jobs🤣
@MihaelaFroehlich
@MihaelaFroehlich Жыл бұрын
But that is not what she is saying. That is what the interviewer kept saying. She kept repeating that diversification is more likely what it is going to look like, as well as shortening the production to consumer distance. What that actually means is more varied production. What she is pointing out is that future consideration will be for everyone energy consumption optimization.
@Western_Decline
@Western_Decline Жыл бұрын
@@MihaelaFroehlich the logical conclusion is de-industrialization. The logic of capitalism is that free markets lead to most efficient output, and those who cannot produce cheaply will become extinct.
@richiesd1
@richiesd1 Жыл бұрын
@@Western_Decline , you’re quite correct. People need to look at things objectively rather than emotionally.
@kwokfung5644
@kwokfung5644 Жыл бұрын
Talking about deindustrialization is simply getting the priority wrong. Without its own industries, a country can't control its destiny. What EU needs is to stop the war and start negotiating with Russia. American is more than happy to see Europe became deindustrialized.
@XxLIVRAxX
@XxLIVRAxX Жыл бұрын
Putin's war will no stop until he is defeated.
@cinpeace353
@cinpeace353 Жыл бұрын
Start negotiating with US, as it is a US proxy war. US still thinking stopping the war is unacceptable.
@reinux
@reinux Жыл бұрын
Far too many economists fail to understand that digital "industry" is far too scalable to be considered an "industry." It's just a tiny handful of companies, not an industry.
@olafsigursons
@olafsigursons Жыл бұрын
Video game industry is bigger than the film industry. Welcome in 2022.
@reinux
@reinux Жыл бұрын
​@@olafsigursons Right, but more because there's a lot of crossover between video games and entertainment.
@olafsigursons
@olafsigursons Жыл бұрын
@@reinux There is mobile too.
@reinux
@reinux Жыл бұрын
@@olafsigursons You mean the app boom of the early 2010s? That's been dead for a long time. Everything's consolidated into a small suite of apps, most of which are supplied by Google, Apple or Facebook.
@uusrano
@uusrano Жыл бұрын
European legislation is also throwing rock at the development of digital companies. This and tge fact that developing countries have a ton of good programmers means that the chance that they will shift the industy's centre from the US to the EU is non existant.
@donaldsebolt6890
@donaldsebolt6890 Жыл бұрын
Trust me, he was lying when he said this was not planned. It was planned!! How is the heck are you going to export digitization to other countries? Unless you are selling a product to someone outside your country your GDP will not grow. Like I said about things in the US, if everyone works at Walmart no one will be able to afford to shop at Walmart. Manufacturing good and services for export is the only way to grow your economy.
@SohelRana-jb1ui
@SohelRana-jb1ui Жыл бұрын
China, India and other asean coutries will be benefited from the de-industrialization in EU and also from cheap discounted Russian energy.
@johnadam2885
@johnadam2885 Жыл бұрын
Absolutely correct. Europe is paying for its arrogance.
@nyunixguru
@nyunixguru Жыл бұрын
Maybe, they taking all the pollution also
@NSrini1971
@NSrini1971 Жыл бұрын
@@nyunixguru who cares about pollution in Our Mother India!
@olafsigursons
@olafsigursons Жыл бұрын
LOL!
@medialcanthus9681
@medialcanthus9681 Жыл бұрын
That's the reward of not being quarrelsome or contentious and concentrating on their people their economies.
@constantz7539
@constantz7539 Жыл бұрын
It’s not the war in Ukraine that driven the prices up but European decision to participate in it
@mrmusanda3576
@mrmusanda3576 Жыл бұрын
That part
@JohnDoe-nv5oe
@JohnDoe-nv5oe Жыл бұрын
The trades can't simply disappear and become digital. This is such a strange behavior from Germany. Good steel will always be in demand and you're going to have to meet a fraction of those demands just to perform your basic repairs or maintenance's. Trying to outsource those developments will only be a greater struggle, especially as the EU's rivers dry up. They're not even considering real solutions to their dilemma.
@tinaforbes1059
@tinaforbes1059 Жыл бұрын
In some cases, you can't work from home either. Only office staffs are able to .
@dimicdragan5922
@dimicdragan5922 Жыл бұрын
Yup exactly, scholz and greens and fdp are going bonkers 🤪... they are destroying eu and german industry, but of course they are doing exactly what americans told them to do... americans it seems stopped being good partner...
@ekesandras1481
@ekesandras1481 Жыл бұрын
Next to my hometown there was a coal mine, my grandfather worked there before WWII. They closed it down and switched the nearby steel mill to cheaper coal from Ukraine and South Africa and the former coal power plant with direct rail connection of only 15 km to the mine was switched to Russian gas, that comes from 3000 km away. P.S.: the mine was not depleted, just not profitable anymore.
@HgHg-yp6ft
@HgHg-yp6ft Жыл бұрын
@@tinaforbes1059 During the height of the plandemic here in USA a term became very popular - "essential workers"...The office and/or the guys working from home were not among those and you know what is happening to the non essential anything in time of greater needs.
@distrologic2925
@distrologic2925 Жыл бұрын
The fact is, we are wasting so much tax money and also consumer products in our society, because gas prices have been so low. I think the cheap energy of the past years deceived many people, made them take it for granted. We can simply cut down on consumption and I think it will be more healthy and not much less convenient. I am in my 20's, possibly older people feel differently about this.
@oddvardmyrnes9040
@oddvardmyrnes9040 Жыл бұрын
Scary how little they know. And how dumb they think we are.
@annaredding
@annaredding Жыл бұрын
Who is them and who is us?
@oddvardmyrnes9040
@oddvardmyrnes9040 Жыл бұрын
@@annaredding .. Them = the Pundits. Us = you, the people & me. But the people really to blame are the militarists in NATO, EU & Russia.
@markgarcia8253
@markgarcia8253 Жыл бұрын
@@annaredding the elite and the common folk
@mattermax
@mattermax Жыл бұрын
They know very well, but they choose not to tell the truth. Deception is the name of the game!
@mattermax
@mattermax Жыл бұрын
@@annaredding the Media.
@PsychoAMVproduction
@PsychoAMVproduction Жыл бұрын
I don't think she pays her energy bill. Government pays it for her. I am CFO and when I hear woman like that, I am wondering if this as ever did something productive in her work life. Persons like her lead to the current energy crisis, but instead of changing and trying to find a solution, they keep going on their way. In a very close time, there will stay nothing in Europe. Digital Economy ??? But how in a place where nothing is produced ? The others countries outside Europe will do the same, but at a lower price. So what next ? Forbid to buy product outside the UE ? The producers/manufacturers outside the Europe, won't wait for Teletubbies like this woman to be in competition with her digital dream, but at a lower cost....
@Tential1
@Tential1 Жыл бұрын
She's from an economic think tank. Aka, a very wealthy person hired her to promote their ideals.
@anolbhattacherjee3721
@anolbhattacherjee3721 Жыл бұрын
Digitalization is not the solution to this crisis. You can't drive digital cars or ride digital trains.
@lisabonesteel963
@lisabonesteel963 Жыл бұрын
how’s your day going today my friend have you heard of crypto currency before? Can I enlighten you more on it if you don’t mind
@dennyr989
@dennyr989 Жыл бұрын
Here in the US the talk is of reindustrailzation. We have learned our lesson.
@baronvonjo1929
@baronvonjo1929 Жыл бұрын
Huh you know your actually right at least from what I've seen.
@sarahbrown5073
@sarahbrown5073 Жыл бұрын
The US is getting the businesses that are leaving Europe.
@enzocaputodevos
@enzocaputodevos Жыл бұрын
Mexico is in US ?
@calvinhoward3808
@calvinhoward3808 Жыл бұрын
@@enzocaputodevos well, basically, yes
@yvesl.1125
@yvesl.1125 Жыл бұрын
Politiciens have been talking about bringing manufacturing back to Europe for years, and then comes the de-industrialization. What leaders of visions people have in Europe!
@ValMartinIreland
@ValMartinIreland Жыл бұрын
They told industries to stop burning fuel and imposed a carbon tax in them. They are doing that now.
@triggeredmonkey3439
@triggeredmonkey3439 Жыл бұрын
Okay so you going to take steel workers and put them in the digital Workforce? This woman is a lunatic!
@user-ug9nn
@user-ug9nn Жыл бұрын
Politicians.... they do not understand industry ... so just bla bla literature and poetry
@billjane5522
@billjane5522 Жыл бұрын
I guess if factories close, then we need to close Universities
@beamrunner0471
@beamrunner0471 Жыл бұрын
Bro what?
@shahrahman4368
@shahrahman4368 Жыл бұрын
Not universities, you have to shut down stores of commodities you need for your daily life.
@eddie0lutetia
@eddie0lutetia Жыл бұрын
Why? Nonsense
@goton84
@goton84 Жыл бұрын
The US is fighting to re- industrialize. Seems EU doesn't take their time to learn from big brothers mistakes.
@mikexhotmail
@mikexhotmail Жыл бұрын
To make US re- industrialize plan works the EU de-industrializing is require?
@enriquelaroche5370
@enriquelaroche5370 Жыл бұрын
Move the factories to Russia they have plenty cheap energy.
@josejoao1621
@josejoao1621 Жыл бұрын
EU needs to get serious in the production of energy front. I swear, the only thing I hear about is distribution. They have to promote and accept the costs for investing in a long term production of stable energy…
@InfoSopher
@InfoSopher Жыл бұрын
Our politicians would rather waste 1000 billion € on expensive energy than spend 100 billion € on energy research.
@duncanmacleod7287
@duncanmacleod7287 Жыл бұрын
Needs to? lol SHOULD have 10 or 20yrs ago.
@josejoao1621
@josejoao1621 Жыл бұрын
@@duncanmacleod7287 well, we don’t have a Time Machine unfortunately…
@duncanmacleod7287
@duncanmacleod7287 Жыл бұрын
@@josejoao1621 You don't need a time machine to see the obvious.
@josejoao1621
@josejoao1621 Жыл бұрын
@@duncanmacleod7287 my point is despite our politicians screwing up, we have to do something now. Seeing the obvious in the past, serves no purpose but to figure it out who we are not voting for in the future for their incompetence. But besides that, in order to solve the energy crises it requires something new done now
@jbbeiser983
@jbbeiser983 Жыл бұрын
Here the grim topic is de -industrialization and the interviewer is smiling from ear to ear
@Daffodil956
@Daffodil956 Жыл бұрын
Lol I too noticed he is super happy to see Germany go to 🐶 s
@scottfw7169
@scottfw7169 Жыл бұрын
Reminds me of lyrics in a 1980-somethng song about the news media by a guy named Don Henley, "Bubbleheaded bleach blonde comes on at five, tells you about the plane crash with a gleam in her eye".
@ralphbernhard1757
@ralphbernhard1757 Жыл бұрын
Start growing potatoes and keep a pig in the backyard...just like the "good ol' days".
@tinaforbes1059
@tinaforbes1059 Жыл бұрын
You can't build a house with pig as it's foundation . That would be a very Swiney idea 😉 .
@breadnewbie6326
@breadnewbie6326 Жыл бұрын
soviet era: assign an area for farming only, sell about 25x25m land for those who lived in apartment. they grow their food, there, and sell the surplus.
@sarahbrown5073
@sarahbrown5073 Жыл бұрын
Germany is definitely de-industrializing. Different countries have different deficits in energy, but the way the EU is designed....you must all suffer together.
@ronnie5329
@ronnie5329 Жыл бұрын
The eu need to speed up the temperary law on market mechanism. You however, I wonder who peed in your cup
@sarahbrown5073
@sarahbrown5073 Жыл бұрын
@@ronnie5329 It's unfair to countries like Norway and Hungary to have to suffer for the failures of Germany.
@ronnie5329
@ronnie5329 Жыл бұрын
​@@sarahbrown5073 No it isnt, it was working before but obviously there will be a short term price as germany opens up LNG terminals left right and center. Norway benefits greatly from the inner market, hungary I dont understand why you mention
@BS-vm5bt
@BS-vm5bt Жыл бұрын
@@sarahbrown5073 Hungary really, the prime backstabber of the entire EU. Hungary is the biggest net recessives in the EU. I think france is owed a apology from germany because of germanies anti nuclear policy screwing everything over. France both gives more money to the EU then it receives like germany and has the 2nd lowest percentage of fossil fuel use when it comes to energy production. Unfair to norway what a joke they are earning more money now natural gas and oil sales thx to this crisis so they are definitely not suffering. You might as-well say that saudi arabia is suffering because of the high oil and natural gas prices.
@kristophe01
@kristophe01 Жыл бұрын
Sarah Brown - Define fair….it’s subjective…equality is not equity and both are themselves, definitions of ‘fair’. Also Norway isn’t in the EU but is a member of the EEA
@shanedinapoli2240
@shanedinapoli2240 Жыл бұрын
The real question is the efficiency of production. Agriculture represents a small segment of the economy but produces far more post industrialization. The same is not true of the current energy crisis and reduction in industry. Food and goods must still be produced to meet demand.
@ValMartinIreland
@ValMartinIreland Жыл бұрын
In China
@Startrance666
@Startrance666 Жыл бұрын
No industry, no jobs. No jobs no tax money, no tax money no wellfare. No wellfare, maybe less immigration.
@hritikraghuwanshi2049
@hritikraghuwanshi2049 Жыл бұрын
Esiast way to solve problem😊😊
@markgarcia8253
@markgarcia8253 Жыл бұрын
True. But you’re missing the right events. No industry, no jobs. No jobs, no tax money. No money for food, famine kills the poorest half of the population while run away inflation hits the survivors
@ronnie5329
@ronnie5329 Жыл бұрын
The healthy industry will survive if they get enough support, they only have to get through winter until Germany open up the 6 LNG terminals. your doomsday picture is wrong on too many levels seeing industry isnt what we rely on to make money in europe
@breadnewbie6326
@breadnewbie6326 Жыл бұрын
their aim is to invade, they won't stop
@richardv9648
@richardv9648 Жыл бұрын
I want to see her Digital industry producing steel or Aluminium.
@_ata_3
@_ata_3 11 күн бұрын
Lol, Europe had never produces steel or aluminium.
@vulgarisopinio
@vulgarisopinio Жыл бұрын
It must be a bliss living in a cuckoo land. How can any “digitalisation” compensate for the loss of industry? What about daily human needs which can’t be met without reasonably priced energy?
@5highkcaj
@5highkcaj Жыл бұрын
We will diversify for our industries to be more robust and we do not need industries because we will have new industries that will be green and digital and that will create completely new industries that we need but we don't. What was her brain doing when her lips were moving🤣
@marczhu7473
@marczhu7473 Жыл бұрын
Green industry aren't compatible to military industry think about it
@magesalmanac6424
@magesalmanac6424 Жыл бұрын
You’re talking about future tech, the infrastructure for renewable isn’t there yet. She’s talking about the immediate, the present. What was your brain doing when you watched the video? 🥴😪
@chrisbigelow7390
@chrisbigelow7390 Жыл бұрын
aint got a brain - ask her and the best thing she could offer is some academic advice ie which academic , theoretical useless book to buy out of her nice library . Totally clueless *expert*
@candyhembree7252
@candyhembree7252 Жыл бұрын
I hope he was being sarcastic 😉
@osk2689
@osk2689 Жыл бұрын
Is hilarious and scary listening to this so call experts and see how disconnected they are from what regular citizens have to face day to day
@marshabennett7440
@marshabennett7440 Жыл бұрын
German industry can move to the USA - we could use responsible, industrious workers too.
@stapleman007
@stapleman007 Жыл бұрын
Industries make up a small percentage of economy relative their energy use. Ok. Spark plugs make up a small percentage of the cost of a car relative to the cost of the car itself. Try running your gas car without sparkplugs, and let me know how that works out for you.
@aceyage
@aceyage Жыл бұрын
Thank you boomers, your naïveté, greed and disregard for others have left us a mess we can't ever clean up.
@TheAmericanCatholic
@TheAmericanCatholic Жыл бұрын
@@aceyage as much as I like to bash boomers, we had to use coal ,natural gas to industrialize. We would could not have used wood we will burn all of the wood in existence quickly. Hydropower has been here for a long time but it won’t satisfy the entire energy needs of the world. In the 1950s we had nuclear power to use but it hadn’t caught on entirely unfortunately. It wasn’t until 5 years ago solar and wind were even economical to use.
@halilzelenka5813
@halilzelenka5813 Жыл бұрын
@@aceyage it is a class issue. You can’t blame all boomers. Srsly, are you that naïve?
@daokedao123
@daokedao123 Жыл бұрын
There is a price for everything!! You just need to understand that. You chose your own way, then just need to take the consequence from that, good or bad. No cries,, no complaints.
@takh6806
@takh6806 Жыл бұрын
End the war against Oil and Gas
@kimlanger4324
@kimlanger4324 Жыл бұрын
you cant just "phase out" infrastructure reliant on on the economy what is this madness.
@marctemura2017
@marctemura2017 Жыл бұрын
No, it not that you don't have cheap fuel from Russia anymore and you don't that much Millennial generation.
@clivemalunga6061
@clivemalunga6061 Жыл бұрын
It is a clear choice for the each country to choose between supporting Ukraine or mending ties with Russia. Europe is falling apart because of bad policies. Hungary is exceptional, they care about the Hungarians.
@mickeyloftus1137
@mickeyloftus1137 Жыл бұрын
As an American, they sound like exactly what they said our factory jobs started going to China.
@nspowers7130
@nspowers7130 Жыл бұрын
I've never heard anyone talk about economic collapse in this manor. w When a country collapsed it is up to the citizens to pull themselves together. grow your own food. pool your resources. why in the world would you rely on a government that put you in that position.
@gabrielaaugusto4972
@gabrielaaugusto4972 Жыл бұрын
"digittalization? What is that? Are we going to eat bits and bytes😂? Whatever needs servers is energy intensive anyway! Must find better "experts", because that one is a good reason why we are on such dire straits...
@startracksha
@startracksha Жыл бұрын
Need more laugh on Russia and Putin. That will help for sure.
@mg4361
@mg4361 Жыл бұрын
How does it feel sending your sons, brothers, friends to kill and die in a foreign country to defend putin's ego? Have you yourself been called up?
@mynjeri5469
@mynjeri5469 Жыл бұрын
It's not the war in Ukraine but the sanctions on Russia which driven up the energy price. If you had took measures after Crimea annexation, you could have avoided such a situation
@abubakarsadisumuktar932
@abubakarsadisumuktar932 Жыл бұрын
What measures? Do they have better alternative? Europe is not a resourceful continent. Russia is very exceptional country on the continent.
@mynjeri5469
@mynjeri5469 Жыл бұрын
@@abubakarsadisumuktar932 they could have diversified their energy supplies and focused more on renewables. Germany actually shutdown their nuclear power plants. Instead they could have built more nuclear power plants.
@abubakarsadisumuktar932
@abubakarsadisumuktar932 Жыл бұрын
@@mynjeri5469 What their so called climate change goal if you insist they should have continued nuke plants? And lemma make it clear, the so called renewable energy the west is campaigning about is not realistic at the moment. Energy will for a long time be irreplaceable.
@dnocturn84
@dnocturn84 Жыл бұрын
@@mynjeri5469 I want to add to your points: There were also options to connect to other gas suppliers through building new pipelines and iInvestments could have also been made to harvest new deposits. If they would have started in 2014, the first results would be available right now and could've served as an alternative to Russia.
@mynjeri5469
@mynjeri5469 Жыл бұрын
@@dnocturn84 absolutely
@patrickcowan8701
@patrickcowan8701 Жыл бұрын
You can't drive eat or sleep in one's and zero's.
@paulskiye6930
@paulskiye6930 Жыл бұрын
About the new industrie being created: how long will that take, and will the current industries last, before the emergence of those so called new industry? And nothing is mentioned about it's competitiveness on global stage.
@johnadam2885
@johnadam2885 Жыл бұрын
She is waffling, she does not know.
@breadnewbie6326
@breadnewbie6326 Жыл бұрын
sometime their job is to give illusion that they are fine.
@aslampervez2294
@aslampervez2294 Жыл бұрын
@@johnadam2885 habeck was promising gass from Qatar but that gass is no where to be found. This promise of digital economy is same. Infact politician and media has sold Europe intrest to save USD
@paulskiye6930
@paulskiye6930 Жыл бұрын
@@aslampervez2294 EU has always been the lapdog of EU.
@mikexhotmail
@mikexhotmail Жыл бұрын
@@aslampervez2294 " Infact politician and media has sold Europe intrest to save USD" the prove is in pudding
@ckiadii2
@ckiadii2 Жыл бұрын
Self inflicted wounds 🤕🤕🤕
@fronabulax63
@fronabulax63 Жыл бұрын
Initiated by our friends overseas, by deliberatly overstepping russias red lines because maverick " dark" Biden accepts no red lines.
@mikelondon08
@mikelondon08 Жыл бұрын
While people 500km away are dying hopefully people can understand, even if you would let putin win, he would get more brazen. But yes should've invested more in green electricity, nuclear included
@paulrevere2379
@paulrevere2379 Жыл бұрын
Precisely as President Trump warned, but he was scorned for it. Listening to and following ppl who tell you what you want to hear, like Santa Claus, instead of those who say what people need to hear, typically does not end well.
@fronabulax63
@fronabulax63 Жыл бұрын
@@mikelondon08 you can never run an energy hungry heavy industrie with renewables, at least for the next 10 years...europe is done;-) And btw. i don't support ucrainien nationalists to take crimea so that they can punish russian friendly people otherwise i would say Serbia should take back Kosovo by force.
@annaredding
@annaredding Жыл бұрын
@@paulrevere2379 As Central Europe warned well before Trump did as well. But Germans (politicians) know best even if they just made massive blunders. End of leadership.
@jeffreyschnedar8020
@jeffreyschnedar8020 Жыл бұрын
uhm, digital GDP doesn't build tanks to protect yourselves from Russia, industry does.
@julioestol7088
@julioestol7088 Жыл бұрын
Objectives summarized in early 1950's by 1st secretary general of NATO : "Keep Soviet Union out, USA in, and Germany down"
@greyfells2829
@greyfells2829 Жыл бұрын
A good reminder to pay attention to where our energy comes from, and what the potential consequences of it are.
@Alan-cl2ix
@Alan-cl2ix Жыл бұрын
all this shitstorm its merkel's fault
@CUBETechie
@CUBETechie Жыл бұрын
Energy blackmailing. Especially when it cheaper than any other sources. It sounds nice at first to catch you. But It's a long-term strategy.
@jurgislv
@jurgislv Жыл бұрын
I still can not believe Germany fell in that trap face first …
@jasourwnjl
@jasourwnjl Жыл бұрын
Germany has no real solar resources and only moderate wind resources. It's insane to think they can rely on them without a massive baseload of nuclear.
@leme5639
@leme5639 Жыл бұрын
@@jurgislv they were warned by Eastern Europeans and Americans..
@iamsorryforbeingrudebefore1626
@iamsorryforbeingrudebefore1626 Жыл бұрын
Sanctions on Russia is a double edge sword, but the one facing west is bigger and sharper.
@Kaimenhoi
@Kaimenhoi Жыл бұрын
5:08 Electricity price multiplied by 22 and gas by 18? What? It is not "bleed to death" situation, it is "hit by train" situation.
@ThisHandleWasTheOnly1Available
@ThisHandleWasTheOnly1Available Жыл бұрын
The US has benefited the most from the war in Ukraine. Lots of major European industries are relocating their production from Europe to America. Euro is in tatters, having depreciated 30% compared to USD and, ironically, almost 50% against the Russian ruble. If you think back to the 2014 overthrow of the pro-Russian Yanukovich government that had started this whole mess, it was instigated by the Americans.
@rightorwrongalwaysthinkfor2403
@rightorwrongalwaysthinkfor2403 Жыл бұрын
True that, without west radicalization of Ukraine and constant supply of ammunition for the past decades there should not be any war today
@hugoboss917
@hugoboss917 Жыл бұрын
@@rightorwrongalwaysthinkfor2403 really?
@thomasherrin6798
@thomasherrin6798 Жыл бұрын
It is because Europe tied themselves to nice respectable Russians as their trustworthy partners for their Energy supplies, especially with Schroder's? help (The Ex German Chancellor who sold out his country for a place on the Gazprom board) and his cronies, and he's still supporting Putin!?! It is not so much to do with the U.S. but it can be noted that the U.S. and U.K. did more for the war effort in Europe than the E.U. look likely in doing and it's in their own backyard, I suppose actually they are in fact, Russia's backers!
@Mrac-zz8vh
@Mrac-zz8vh Жыл бұрын
@@hugoboss917 The price of Majdan was 5000 million dollars. Julian Assange brought it to light. Jailed for Life now for espionage,
@eddie0lutetia
@eddie0lutetia Жыл бұрын
Do you have any numbers or evidence to back up your argument?
@albertmisic3876
@albertmisic3876 Жыл бұрын
No, it will be the same. Everything which Europe states have from industry is because of patriotism of industrialist. This is because rich people can earn much more money if they sent their assets in Far East, India, China, Malaysia... Everything Western can do they can do cheaper. Worker salaries are ten times less than in Europe, and of course less price of row materials and accompanying parts. So the profit can be 10,20 times bigger
@im_searching_the_reason4806
@im_searching_the_reason4806 Жыл бұрын
@Violent Cabbage there are some, europe is also one of the biggest market and if you have an industry in a european union country you can pretty much sell in others without tarrifs, plus europe beeing a technolgical state has also great acces to better technology and specialization in those uses
@alpacacomentadora413
@alpacacomentadora413 Жыл бұрын
@@im_searching_the_reason4806 Not if those industries move to America.
@albertohancock2454
@albertohancock2454 Жыл бұрын
How does the Euro survive without German industry?
@SeattlePioneer
@SeattlePioneer Жыл бұрын
The Euro, like the EU, is on the road to crash and burn. Europe has been at war with itself for a thousand years, and that is it's future history for the next thousand, too, apparently. Just too many conflicts to bridge to live together in peace for very long. The only way to resolve the conflicts is, ultimately, war.
@pawsforblessings127
@pawsforblessings127 Жыл бұрын
Simple, it won't
@astroflyinsights
@astroflyinsights Жыл бұрын
It has Libya's, the US has Syria's, France has the CFA/Ecowas...
@kmadge9820
@kmadge9820 Жыл бұрын
The US meant it when Sec of State Nuland said "Eff fhe EU" in the infamous hacked Kiev Coup phonecall, in which she dictated who would be head of state in Ukraine.
@trien30
@trien30 Жыл бұрын
Hey, Rob. I saw your videos on languages. Love them. Had no clue you are a correspondent for DW.
@martincatoniryan1638
@martincatoniryan1638 Жыл бұрын
Same thing happened to me. I thought he was just a youtuber, I never knew Rob Words was a correspondent for DW. GJ, Rob! Keep up those entertaining n informative videos on the English Language!
@Michael-ut6mu
@Michael-ut6mu Жыл бұрын
More geeks sitting in front of computer screens in converted industrial buildings with beautiful exposed brick walls?
@liang8255
@liang8255 Жыл бұрын
Seems like farming and poverty is the future of Europe. Be honest, Europe doesn't have digital economy and it's dropped by far by China and US. Europe consists too many countries and volumes is too small for digital economy, you cannot solidate all countries to one and ask them not to fight against each other. High-tech industry such as chip production, battery, solar panels are few times more energy consuming than old industry. So there's nothing left for Europe except farming and tourism.
@calvinhoward3808
@calvinhoward3808 Жыл бұрын
Europe would be one of the best museums in the world though!
@istheyear-ry1el
@istheyear-ry1el Жыл бұрын
why BBC is not reporting the dire situation in EU and UK? yet they are too focused on Russia's protest LOL
@lockbert99
@lockbert99 Жыл бұрын
1:00 "And I think when people talk about that process they typically refer to industry as reducing the amount of people it employs. So it's more of labor de-industrialization rather than the contribution of the industries to the economy in general." That is a description automation and she says it without a concern in the world. No automation of talking heads to worry about.
@mrbardel4363
@mrbardel4363 Жыл бұрын
what did they espect ... running factory on solar pannels ???
@gregkahele154
@gregkahele154 Жыл бұрын
Back to the dark ages, and when I say dark, I really mean DARK.
@mat3714
@mat3714 Жыл бұрын
Maybe stop sending everything in China and replace this obsession of buying cheap stuff be replace by locally made products that brings jobs and expertise would help... maybe
@chrisbigelow7390
@chrisbigelow7390 Жыл бұрын
amen
@sarahbrown5073
@sarahbrown5073 Жыл бұрын
They can't make anything. They don't have enough energy for business to operate.
@vincentleeadams
@vincentleeadams Жыл бұрын
A greener future lies just ahead for Germany, one where everyone is eating grass to survive.
@nyunixguru
@nyunixguru Жыл бұрын
Oh god
@breadnewbie6326
@breadnewbie6326 Жыл бұрын
I thought some people said: my food eating grass.
@outlilei
@outlilei Жыл бұрын
Could raise some chickens and cows though, achieving food sufficiency and zero carbon emission !
@masmoudi5595
@masmoudi5595 Жыл бұрын
@@outlilei clearly you never heard about cows big carbon emission! they fart a lot 😂, it's true.
@outlilei
@outlilei Жыл бұрын
@@masmoudi5595 My apology , maybe raise something else, like rabbit,it’s cute and tasty haha😁
@Andrew-fe7zi
@Andrew-fe7zi Жыл бұрын
in the short term deindustrialization is always good, strategically it's always bad.
@istheyear-ry1el
@istheyear-ry1el Жыл бұрын
thousands of people will lose jobs
@memnem3787
@memnem3787 Жыл бұрын
it's good If you shift your industries to Mexico, India, Africa
@SterileNeutrino
@SterileNeutrino Жыл бұрын
@@istheyear-ry1el millions of people will die
@ValMartinIreland
@ValMartinIreland Жыл бұрын
I can see retirees and unemployed in France and Germany picking through dust bins for food. Hypothermia will bite at their toes. They voted for this, and they are getting it. Let them off to experience the consequences.
@endian-disintegrator
@endian-disintegrator Жыл бұрын
Bad news for developing exporting countries Their exports will be badly affected
@Martincic2010
@Martincic2010 Жыл бұрын
What are you talking about? acerlor metal, for example, is investing heavily here in Brazil, they bought 3 large steel mills this month, it will be the biggest transfer of income from the first world to the colunized finally justice
@Commievn
@Commievn Жыл бұрын
EU and U.S have weak governments and strong corporations, they will just reinvest in other countries once the EU gets bankrupt.
@JohnDoe-nv5oe
@JohnDoe-nv5oe Жыл бұрын
@@Martincic2010 I think they mean that EU will take a lion's share, even though it is their mistakes. Brazil may benefit from steel production or may suffer from it. Either way, the EU is failing to be more self-resilient.
@Martincic2010
@Martincic2010 Жыл бұрын
@@JohnDoe-nv5oe well Brazil is a country of "middle" income, we are really poor but we have energy independence and raw materials to send to the moon if they want.
@eveleung8855
@eveleung8855 Жыл бұрын
Not really, developing country will getting benefit from it as well, their economy will grow, and their common people's buying power will increase, yes Europe market is good, but Europe market =/= the whole world, there are new economy zone slowly catching up, such as the Central Asia market, African market, ASEAN market, and South American market. Maybe European should start to look outside of Europe, the middle class in those region has just as strong buying power like those European middle class!!!
@JamesSmith-ix5jd
@JamesSmith-ix5jd Жыл бұрын
no wonder, it isn't easy to melt steel with solar power.
@prof.puggle1631
@prof.puggle1631 Жыл бұрын
well worth watching!
@charlesekpima8210
@charlesekpima8210 Жыл бұрын
Please it's not the war in Ukraine , it's what Europe have agreed to do to them self
@SeattlePioneer
@SeattlePioneer Жыл бұрын
Putin has just help the Greens accomplish their great purpose: shutting off the use of fossil fuels in Europe and Germany in particular. What's to complain about?
@hannos7432
@hannos7432 Жыл бұрын
I work in a steel processing factory and my company filed bankrupcy today . 30yo company destroyed in less than a year , thanks eu for those unreasonable taxes .
@gamesthatmatter9374
@gamesthatmatter9374 Жыл бұрын
the social benefits will stop
@davidwong1848
@davidwong1848 Жыл бұрын
More Unemployment when factories closes, relocate and going into poverty 😂🤣😂🤣
@kolle128
@kolle128 Жыл бұрын
It does make sense to stop producing certain things because of energy crisis, but not to close the industry, because you cannot throw the workers under the bus in the middle of the crisis.
@alrent2992
@alrent2992 Жыл бұрын
Who says? Politicians don't care!
@TheHeavyModd
@TheHeavyModd Жыл бұрын
Can't pay the workers if you're turning a net loss
@RK-cj4oc
@RK-cj4oc Жыл бұрын
@@TheHeavyModd Corona showed that we can. The multiple bail outs in 2008 showed that for a shirt term crisis like this energy crisis during winter we without doubt can support Industry until the energy crisis is done
@TheHeavyModd
@TheHeavyModd Жыл бұрын
@@RK-cj4oc You're thinking short-sightedly if you truly think such policies aren't without consequence. In fact, if you take a moment to look around you may notice that prices of basic goods have risen quite substantially in the last two years and we're on a verge of a financial crisis. Surely none of the pandemic-time policies could have contributed to that? I'll hand out the answer, they very much did. And you're in for a surprise when you notice that the energy crisis is a structural shift rather than a short term quibble. Europe's industry, Euro as a currency, and Europe itself for that matter won't be the same they used to be.
@RK-cj4oc
@RK-cj4oc Жыл бұрын
@@TheHeavyModd Im not short sighted. The inflation our politicians caused is indeed bad. But the reason why i say they should do it again is because having the entire manufacturing industry collapse in 1 winter is worse and harder to recover from. Full stop. Yes to all your other things, of course i noticed higher prices, of course its not a good thing to do this, sure it could be more than just a temporary energy crisis ( although i doubt it) but despite all of it. We cannot collapse our manufactorying industry.
@freeforester1717
@freeforester1717 Жыл бұрын
There are 10 types of people who are impacted by digitalisation - those who can understand, use and benefit from it, and the rest…
@stapleman007
@stapleman007 Жыл бұрын
Even though they call it a breadboard, you still can't eat it.
@cholesterol804
@cholesterol804 Жыл бұрын
Digitalisations goal is to create jobs by taking others.
@mikaseppanen1632
@mikaseppanen1632 Жыл бұрын
No Chep Energy..NO Industry.?? What to do Wind Mills to Fix This?? Solar??
@tinaforbes1059
@tinaforbes1059 Жыл бұрын
It won't be enough to go around domestically. Let alone for industries .
@paulskiye6930
@paulskiye6930 Жыл бұрын
Very unreliable. And northern countries don't have the capacity.
@mikaseppanen1632
@mikaseppanen1632 Жыл бұрын
@@paulskiye6930 Well . we have over capacity.. When Wind Blows. Now put that to energy when not wind blows?
@quantummotion
@quantummotion Жыл бұрын
No. You need oil, natural gas, and coal to make steel, rubber, chemicals, fertilizers, and much more. Germany makes all sorts of things - you cannot replace the manufacture of PHYSCIAL ITEMS by wind and light.
@stapleman007
@stapleman007 Жыл бұрын
@@quantummotion Can stay warm in the winter with warm feelings of saving the planet. Satiated hunger by eating snow cones, because the icecaps haven't melted.
@MrPathorock
@MrPathorock Жыл бұрын
Factories are moving to the US, another win for brandon
@nsnshshn8846
@nsnshshn8846 Жыл бұрын
Europe does not need industry only need democracy, freedom, human rights and environmental protection
@johnisaacfelipe6357
@johnisaacfelipe6357 Жыл бұрын
how are you going to feed, house, and heat your people? going to be one giant brothel?
@dannyboy8850
@dannyboy8850 Жыл бұрын
To satisfy global demand for commodities, what is coming down from EU countries will go up in other countries such as in Africa and Asia. In this case it is the price you have to pay for support conflict. The only way out of this is to end the war soon. 😩😩😩
@torrent1615
@torrent1615 Жыл бұрын
I would agree with you but it's not like Russia is going to be taken for a ride a second time and will not be willing to provide energy at low prices. I think Russia might demand prices like in Asia and Europe has been very ungrateful as around 2 trillion of German manufacture and services demand on around 35 billion euro if energy from Russia. That is huge. Russia can turn around and invite Industries into their countries given the vast resources they poses both human resources and energy. Russia can produce everything at very low prices but they don't have the R &D base to really build a solid industry, however Russia has Industries that are world leading including nuclear, cristal and metal manufacture, a small but fully functioning airplane manufacture and full cycle of continuous government support and good relations in all Asia.
@skozzi2845
@skozzi2845 Жыл бұрын
Yes - but the US/West want to escalate conflict - Germany and EU are doomed.
@saba1030
@saba1030 Жыл бұрын
@Danny Boy "Stop the war soon" Brilliant idea!! Just tell that the agressor/ invader Putin !!
@stephenduffy5406
@stephenduffy5406 Жыл бұрын
Don’t stop making leopard tanks just yet ... 😂
@Startrance666
@Startrance666 Жыл бұрын
Cant make any Leopard tanks without resources or energy.
@DS.J
@DS.J Жыл бұрын
You meant don't cancel the planned production? They don't actually produce any as of now.
@tinaforbes1059
@tinaforbes1059 Жыл бұрын
@@Startrance666 Hence why they refused to send any to Bellendskyy and co .
@idyllsend6481
@idyllsend6481 Жыл бұрын
@@tinaforbes1059 I love that naming
@AnnaIsHere
@AnnaIsHere Жыл бұрын
I find this guy's smile out of place
@reinux
@reinux Жыл бұрын
This economist is taking the wrong lessons from the supply crunch. It's like she's too young to remember the shipping crisis that happened last year. Diversifying inputs isn't an adequate way to make your supply chain robust. The only way to do that is to make as much of your critical inputs as local as possible so that you aren't subject to external aggregate supply/price fluctuations and logistical failures, and that precisely means *re-industrializing* critical manufacturing.
@alrent2992
@alrent2992 Жыл бұрын
She was born yesterday. 😂🤣
@astroflyinsights
@astroflyinsights Жыл бұрын
Stopppp you're making too much sense, that's verboten! You would be cancelled from any university or newspaper today for this heresy. Burn him/her/them/zhem/etc.
@amjadrasool8875
@amjadrasool8875 Жыл бұрын
When an individual is thinking of committing suicide, counseling is an option. But, how can one stop a nation from doing it?
@thomasherrin6798
@thomasherrin6798 Жыл бұрын
Should have listened to Donald Trump! You Germans don't take telling, but you should finally now know that you have to be self supporting, so China next!
@stapleman007
@stapleman007 Жыл бұрын
Sri Lanka wants in on that suicide pact.
@iamsorryforbeingrudebefore1626
@iamsorryforbeingrudebefore1626 Жыл бұрын
Remove the clowns in power.
@shahrahman4368
@shahrahman4368 Жыл бұрын
Just remember the old days of post II WW period. Present is going back to past. That's all..
@AXander1978
@AXander1978 Жыл бұрын
Destruction of TWO CENTURIES of progress
@lisabonesteel963
@lisabonesteel963 Жыл бұрын
Hi how’s your day going today my friend have you heard of crypto currency before? Can I enlighten you more on it if you don’t mind
@MrMomo182
@MrMomo182 Жыл бұрын
I didn't know he was a news presenter. I just follow his great KZfaq channel.
@lisabonesteel963
@lisabonesteel963 Жыл бұрын
how’s your day going today my friend have you heard of crypto currency before? Can I enlighten you more on it if you don’t mind
@marjorienavarro6337
@marjorienavarro6337 Жыл бұрын
Green?...how's the windmills going?
@infernoboi92
@infernoboi92 Жыл бұрын
Pudding is done when EU unlocks endless green energy
@utubewatchinhesk
@utubewatchinhesk Жыл бұрын
Any country that has?
@b.j6102
@b.j6102 Жыл бұрын
the west andnthe entrlire Europe is still decades from having a full green energy option
@astroflyinsights
@astroflyinsights Жыл бұрын
@@utubewatchinhesk Atlantis? Hyperborea? Ancient Egyptians or aliens? Whoever stole Tesla's papers?
@harmony3138
@harmony3138 Жыл бұрын
Rob Watts, your makeup lady overdid it today 😀
@eclecticeccentrickamikaze6526
@eclecticeccentrickamikaze6526 Жыл бұрын
Why dont they shift their industries to russia if cheap energy is the issue
@eveleung8855
@eveleung8855 Жыл бұрын
I think the European industries will likely move to the US and Asia if EU continue their madness without lifting all their sanction and remand the relationship with Russia.
@matthewbaynham6286
@matthewbaynham6286 Жыл бұрын
The concept of "supply and demand" involves the fact that when demand is greater than supply the price goes up, until someone doesn't have enough money for the goods. If the government steps in with infinite money then no one is going to run out of money and demand stays the same. Except demand can't stay the same there isn't enough energy for everyone, someone has to go without. So someone has to be unlucky and that would normally be whoever doesn't have enough money. So when the government steps in with infinite money for everyone who is going to be unlucky and not be allowed to have the energy.
@skozzi2845
@skozzi2845 Жыл бұрын
"Infinite money" - fiat currency (inc.Euro) that prints/creates money will become less and less valuable - no resource rich country going to accept it soon. Saudi Arabia already pivoting away from USD.
@Tential1
@Tential1 Жыл бұрын
Looks like finally it's real people, and not Ukraine support bots. Ya.... It's a dumb idea. But par for the course for Europe.
@widget0028
@widget0028 Жыл бұрын
Everyone, when it runs out. Its not going to run out for Europeans. The u.s. is happy to sell gas to Europe. The issue is the restrictions the exspense imposes and the possibility of deindustrialization
@petersmith2040
@petersmith2040 Жыл бұрын
I’m sure the large multinational industrial conglomerates in Germany and elsewhere in Europe can still afford the high gas and electricity prices given that countries like the US, Saudi Arabia, Qatar, the UAE, etc… are selling LNG (Liquified Natural Gas) via ships to the EU. The main issue going forward is the limited supply and very high prices for natural gas as the aforesaid countries won’t be able to fully replace the gas being supplied by Russ1@ in the past via the recently blown up Norstream 1 pipeline. Sending gas to Europe via pipelines are much more economical and efficient than sending gas via ships.
@widget0028
@widget0028 Жыл бұрын
@@petersmith2040 Germany is risking up to 1/3 of their industry to go under. Then, just because one can afford it, doesnt mean they can afford it without cuts in workers or production.
@johnadam2885
@johnadam2885 Жыл бұрын
What does she mean digitalisation industry ? Is it a service industry ?
@shalomcraca1806
@shalomcraca1806 Жыл бұрын
I don't understand her either
@scottfw7169
@scottfw7169 Жыл бұрын
I guess she means use digital wool to make digital blankets on digital looms then ship them in digital boxes on digital trucks to your digital home so you can put your digital blanket on your digital bed and slip in to its digital comfort after taking your digital shower from your digital plumbing and slipping in to your digital pajamas after you take a digital leak in your digital toilet which you digitally flushed with digital water.
@johnadam2885
@johnadam2885 Жыл бұрын
@@scottfw7169 She might be trying to say develop a IT economy like California. But that is not done over night. And as you say, energy, materials and tangible products are needed. Europe has been singularly suicidal to kill its economy for solidarity with the US.
@FrederickTheGrt
@FrederickTheGrt Жыл бұрын
Just make more windmills for the winter. Make more sun panels too. It will be fine. If it's a long cold dark winter in Northern Europe then simply make some more. Green mind, green life. Go green!
@dwipramu4311
@dwipramu4311 Жыл бұрын
If it's cold, it's easy to fix it using a torch
@CHMichael
@CHMichael Жыл бұрын
All energy in Germany is already very expensive. Tax breaks can solve the problem. Germany already exported most energy intensive and carbon heavy industries to China - which might become a much bigger problem. The big question should be if the social sector is going to survive this.
@CHMichael
@CHMichael Жыл бұрын
@@davidnoelfranks1124 I thought that 20y ago when I moved - surprisingly the German Mid size industry managed to prosper. We will know more in 2y.
@skozzi2845
@skozzi2845 Жыл бұрын
German industry prospered on cheap/easy Russian energy to be competitive and kept the costs of living down so Unions did not demand wage increases. No tax/price cont. arrangements will solve anything. Economic sewis-side will destroy the German economy - and social decay will follow - Protests are just the start.
@masmoudi5595
@masmoudi5595 Жыл бұрын
the real problem is we should not rely on China in industries, just like we should not have relied on Russia for energy.
@saba1030
@saba1030 Жыл бұрын
@Michael H What are you talking about? There is still lots of heavy industry in Germany, like BASF (worlds largest chemical production plant), Krupp, Arcelor-Mittal, ship yards etc. Where do you think come all of the machinery and other goods from which Germany exports?
@robertwilliams7350
@robertwilliams7350 Жыл бұрын
@@saba1030 You are finished without cheep Russian gas.
@SteelSculptor
@SteelSculptor Жыл бұрын
take away all the jobs and how will the people pay their bills? Having the entire economy on government assistance does not work. How do you digitize making a gear? or bowl? This stuff has to be made somewhere. Getting everything made "somewhere else" makes no sense. That other place gets all the jobs.
@chrisbigelow7390
@chrisbigelow7390 Жыл бұрын
She keeps banging on about *diversifying* , *inventing new industries* etc and doesnt explain what this really means . Exactly the kind of person who has no idea how anything is made apart from cowmilk. Dangerous ,ignorant and labeled an *expert* . All this while we have the Chinese flaunting their wealth by exploiting our weakness and stupidity
@eveleung8855
@eveleung8855 Жыл бұрын
​ @Chris Bigelow according to EU biggest trade partner China's statistic, the EU export most of the traditional products to china, so it means, Europe doesn't export as much high technology products as what the European think, the idea of inventing new industries means moving towards high technology type, that means Europe want to create competition with non other than the US, Europe doesn't even has their own global satellite positioning system nor their own space station, they cannot even send their astronaut to ISS without the help of the Russian spaceship, how are they intend to compete against their colonial master? If European once again listen to their so call expert and politician's empty word and lies, they will suffer more!
@guelphguy2779
@guelphguy2779 Жыл бұрын
Hypocrisy. Europe is constantly outsourcing their pollution to places with lower standards. If you go to a service economy the wages will be lower and you'll become dependent on foreign sources for the products that you need.
@_ata_3
@_ata_3 11 күн бұрын
Did you saw what's the share of traditional industry in US or UK?
@sakai101yahoo9
@sakai101yahoo9 Жыл бұрын
She doesn't even blink when she knows she's telling a lie.
@himedft
@himedft Жыл бұрын
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me froma huge financial debt with just little investment, thanks so much Mrs. Sophia
@fredcharles9267
@fredcharles9267 Жыл бұрын
That's great
@fredcharles9267
@fredcharles9267 Жыл бұрын
So you guys still know her too
@lillymasokku
@lillymasokku Жыл бұрын
@@fredcharles9267 I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working
@greatffgyv
@greatffgyv Жыл бұрын
@@lillymasokku Wow I' m just shock someone mentioned expert Mrs Sophia I thought I'm the only one trading with her
@greatffgyv
@greatffgyv Жыл бұрын
She helped me recover what I lost trying to trade myself
@astralislux305
@astralislux305 Жыл бұрын
Economic Professor: "We'll just replace industry with green industry." lol
@pradanal.m.r.8276
@pradanal.m.r.8276 Жыл бұрын
Wow... the answer is so diplomatic that it becomes non sensical in this situation
@ezekielkute9668
@ezekielkute9668 Жыл бұрын
Ironical, europe is importing the same russian gas via china and Saudi Arabia .....at exobitant price.....does it makes sence?
@OlaHesselroth
@OlaHesselroth Жыл бұрын
no, russa dont export LNG gas. They can only export gas via pipelines. 90 % of russian pipelines is going to Europe.
@sarahbrown5073
@sarahbrown5073 Жыл бұрын
You're confusing oil for gas.
@rcbrascan
@rcbrascan Жыл бұрын
@@sarahbrown5073 He is not ,,, China's is reselling Russia LNG to the EU. Russia's LNG terminals are near Norway and it also has pipelines from Siberia to China.
@neverknowsbest2879
@neverknowsbest2879 Жыл бұрын
​@@OlaHesselroth Russia has LNG plants in Sakhalin, Yamal and a small one in Vysotsk (near Saint-Petersburg). And plans to open a new huge plant near Murmansk next year. Russia DOES export LNG gas.
@OlaHesselroth
@OlaHesselroth Жыл бұрын
@@neverknowsbest2879 I know they has a small LNG plant. But it's so small compared with the whole gas production, so it's nothing worth mention. And they can't build more without technology from the west.
@singaanom3305
@singaanom3305 Жыл бұрын
For industries when energy costs are very high, their products are automatically uncompetitive in the market. It is better to stop not producing so as not to lose big.
@marctemura2017
@marctemura2017 Жыл бұрын
That not the problem Singa Europe has no young people to buy or consume. That means you got no economy.
@quartytypo
@quartytypo Жыл бұрын
The new Quakers. Europe can't face the humiliation of returning to coal and oil. From now on it will be wind, sun and wood.
@cristitanase6130
@cristitanase6130 Жыл бұрын
We are printing money to keep our economy afloat. But this is a very myopic and short term "solution" that will cause more damage on the medium and long run.
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