In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe’s energy crisis, specifically concerning natural gas and why the E.U. might be in for a harsh winter.
As Europe grapples with the many challenges of Russia’s invasion of Ukraine, and transitioning to cleaner, more sustainable energy sources, we explore the intricate web of factors that make the European Union vulnerable.
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Timestamps
00:00 – Intro
00:00:31 – Europe’s Relationship with Natural Gas and Trading Partners
00:01:32 – Europe Needs Secure Sources of Natural Gas and More Energy
00:02:27 – Natural Gas and Fertilizers
00:02:59 – U.S. Wins Natural Gas Race Against Canada, Russia and Australia
00:03:44 – Canada Left Billions on the Table
00:04:06 – Aaron Explains Why America is the Energy Superpower of the World
00:05:16 – E.U. Must Increase Storage Facilities or Pay Up
00:06:18 – Europe’s Waning Control and Influence in Africa
00:07:57 – Reasons Europe Must Tighten Relations with America
00:08:48 – Europe Must Increase Storage Capacity and Export Agreements with America
00:09:00 – Bullish on American LNG Exports
00:09:10 – Conclusion
𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀
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Screenshots of articles from the pod:
CNN — Price of war: UK and EU throw $500 billion at energy subsidies: https://www.cnn.com/2022/09/08/business/liz-truss-energy-price-cap-europe/index.html
Pinnacle Digest —The Four Nat Gas Horsemen: https://www.pinnacledigest.com/energy-stocks/race-to-export-clean-burning-energy/
CNBC — European gas prices jump 10% as strikes get underway at major LNG facilities in Australia: https://www.cnbc.com/2023/09/08/gas-european-prices-jump-as-strikes-start-at-australia-lng-facilities.html
S&P Global Commodity Insights — Niger coup, financing woes rock Nigeria’s plan to supply gas to Europe: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/090823-niger-coup-financing-woes-rock-nigerias-plan-to-supply-gas-to-europe
CEPA — New Attack on Europe’s Energy Pipelines, Finland Says: https://cepa.org/article/new-attack-on-europes-energy-pipelines-finland-says/
Sources and supplementary information:
Bloomberg — Europe Gas Storage Is 90% Full. It Still May Not Be Enough: https://www.bloomberg.com/news/articles/2023-08-17/europe-gas-inventories-are-90-full-it-still-may-not-be-enough
IMF — Beating The European Energy Crisis: https://www.imf.org/en/Publications/fandd/issues/2022/12/beating-the-european-energy-crisis-Zettelmeyer
Bay Street — EU’s Full Gas Storage Doesn’t Eliminate Supply Risks: https://www.baystreet.ca/commodities/6714/EUs-Full-Gas-Storage-Doesnt-Eliminate-Supply-Risks
Reuters — US LNG project approvals on track for record new volumes: https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-volumes-2023-06-23/
S&P Global Commodity Insights — High natural gas prices could lead to spike in food costs through fertilizer link: https://www.spglobal.com/commodityinsights/en/market-insights/blogs/agriculture/011922-fertilizer-costs-natural-gas-prices
American Gas Association — Natural Gas Critical to Agriculture Sector: https://www.aga.org/news/news-releases/new-report-natural-gas-critical-to-agriculture-sector
Al Jazeera — Dozens of ships carrying LNG linger around Europe’s coast: https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-carrying-lng-lingering-around-europes-coast
The Guardian — How will Europe weather a second winter without gas from Russia?: https://www.theguardian.com/business/2023/sep/30/how-will-europe-weather-a-second-winter-without-gas-from-russia
Disclaimer and Forward-Looking Statements:
THIS VIDEO IS NOT INVESTMENT ADVICE. It is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, assumes no responsibility.
Neither Aaron Hoddinott nor Alexander Smith are financial advisors. Before investing in any securities or commodities, consult with your financial advisor and a registered broker-dealer.
Never make an investment based solely on what you hear or see in this video.
Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in this video.