I live in Europe, where people don't seem to realise the impact this war is going to have on all of us. Everyone just goes on as usual. People don't talk about it, the media won't talk about the consequences, and no one is panic-buying. It feels like calm before the storm. When do you think it will reach Europe? Is an energy lockdown (such as remote work, fuel rationing, universities switching to remote) a possible scenario, or is it just me overthinking?
Why is everyone calm regarding the energy crisis in Europe?
byu/Character-Dog4451 inoil
Posted by Character-Dog4451
34 Comments
Becxause we’re currently in stage 1/2 of crisis management.
1. Deny anything is going to happen / 2) say we should do nothing about it.
See also India governments “there is no LPG shortage, don’t believe your lying eyes” past few weeks.
COVID played out very much the same way up until march 2020. Then came stage 3 and 4.
I think much of the world is in shock at this point
Just 1 man caused a tarrif war with enormous economic consequences, and flippantly changed tarrifs at whim
Now he has likely caused all by himself a global recession from oil supply shortages
I don’t think anyone knows what to do at this point
Yes, much of the media especially in the US are not reporting on how bad this actually is
Because I think most people (including me) don’t know what the impact will be. I talk about it with my dad and friends, but honestly our combined knowledge on the topic is close to zero.
I also suspect governments don’t want to start people panic buying…or they might have immediate fuel shortages.
Same reason markets are at all time high.
The consequences are so dire, so unthinkable, that it’s much easier to just not think about them and assume that since there is so much pressure the people in charge will figure it out.
Because jet fuel wont run out for another 6 weeks so nobody cares.
But in 6 weeks everyone will be “why did nobody do anything”?
Its Europe, politicians wont do anything until the crisis is here.
Which part of Europe, because Ireland has had fuel protests already.
I’m in Poland, and government immediately issued lowering of petrol taxes and whatnot to lessen the shock of what’s coming.
What is the point in getting stressed? We can’t do anything about it. Most people I know are more angry with the US than concerned and stressed about the energy situation
I was out yesterday, running weekend errands. I have never seen so many panhandlers, ever in the area. Near grocery stores, someone would be holding a “Homeless Please Help God Bless’ cardboard sign at every stop. On top of that, most were elderly women and I’ve *never* seen that. USA.
How bad is it going to get? Do we have solid data?
I think people are burnt out trying to predict anything even close to a doomsday scenario.
Look how many people said it’d be catastrophic even if the strait was closed for a week.
I’m done trying to guess or predict. We pumped to ATH over the same announcement over and over again.
This situation is unfolding EXACTLY like Covid. We are in the, hug a recently landed immigrant from China phase, not the, shut it down, phase. Makes you think, what will the big brains come up with for this event that parallels wearing masks everywhere you go?
Governments are taking measures to mitigate the short term impact of this war and the supply/Strait disruption (1-3 months), and operating on the assumption that this war will be over in around that time frame by say May-June at this point, with the longer term harm to the economy as a result over the next 1-2 years limited or manageable. It’s a big assumption too, and if the issue drags on longer than another month or two, the global economy is in real trouble.
In other words, they’re currently operating on ‘wishful thinking.’ Overly optimistic.
The market is now a scheme for oligarchs based on complete bullshit. If anyone suspends their cognitive dissonance then the whole thing falls apart. Logic and history would dictate that we are very near total economic collapse, but logic went out the window a long time ago. Who the fuck knows now.
No politicians want to take the responsibility and be the bad guy, just denying the reality along with the “it’s not our war” mindset
What can I even do, as a “normal” person
As with all things, first it will happen gradually. And then, suddenly.
Normalization Bias? No clue. I live in Canada (Alberta). We are floating on an ocean of oil – more than we could use in 1000 lifetimes. But even I know you can’t eat oil. But while our province has the oil, I don’t personally have any. Worse, in winter we need to fly in our food or bring it in by truck or boat… the price of food will be earth shattering. I can see what’s coming clear as day. My basement is starting to look like it belongs on a reality TV show for Extreme Preppers. But good luck preserving fresh food… I guess I’m buying one of those drying/bagging things today. FML people just don’t get it.
We are in a permanent energy crisis. People just got used to it.
Out of curiosity, what should one buy in this situation?
Because we have public transport, electric cars, renewables, walkable cities and can outbid the developing world for oil and gas.
Worst case scenario, we enter yet another recession and learn to make do with using less oil. Either way, we will get through whatever happens so why bother panicking?
The 24 hour news cycle has been telling us we’re doomed on a weekly basis since the early 90’s. A trump ego binge fueled yes no game in the Middle East doesn’t move the meter all that much.
That’s just how people always react. Most think bad thing won’t happen, until it actually happens or the mainstream media/government tells them it will.
It’s not real until it’s immediately REAL.
Mass panic would speed up the shortage immediately. I’m starting to think it’s strategic to keep the pump prices down and let the upstream industries suffer first before anything felt by the masses, it buys time and maybe cause a little less of a panic
Personally, I’m kind of alarmed, sure. But compared to the possibility of a world war, AI economic collapse due to its success or failure, climate catastrophe… it’s just one more pretty likely bad thing, and doesn’t seem quite as bad as those, though admittedly more likely.
What should I do about it? Or, what could i do?
I think energy lockdown, otherwise known as rationing, is quite likely, because yes, there will be shortages at the pump. Just how impactful is it going to be though? Very uncertain, remote work and such is really a gamechanger that hasnt been an option in historic crisises. I think Europe will weather it without too much of an issue, the US though… now thats going to be a circus.
We aren’t calm wtf are you shitting me
Frogs in slowly heating up water
Seems like Europe having a winter energy crisis has been more normal than not for the last 20 years. It can’t always be because of external forces
Japan did a diplomatic move and sent oil meant to go to them to Europe instead.
There is a coordinated talk among the G7 to share their reserves, when in reality it’s only Japan that can do this because they have a whole years worth, but it’s beneficial to the because it prevents disruptions to their ow supply chain
The stock market might be even more perplexing. This might be the end of it, seems like it can’t really afford to dip down anymore.
Location: northern Europe.
Most people around me, incl myself have at least 1 EV, so all we need to do is using EV more than the ICE, that’s why no one is panicing here
I mean, what else is there to do?