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Europe's Worsening Energy Crisis: Cause, Status, and Resolution #35

In this podcast, I discuss Europe's worsening energy crisis in three subsections: cause, status, and resolution.
Published by Dr Jiulin Teng on 31 Mar 2022 · Updated on 31 Mar 2022
Keywords: drjlt-economicsenergy-crisiseurope
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In this podcast, I discuss Europe's worsening energy crisis in three subsections: cause, status, and resolution.
Cause:
- The fundamental cause is an energy mix driven by unrealistic ideology that emphasizes CO2 but overlooks redundancy, sustainability, and even feasibility. This has led to over-reliance on natural gas, which it doesn't have, and demonization of nuclear power.
- The external cause is conflict between Europe's natural gas supplier, Russia, and its patron, US.
Status:
Rising energy cost, depleting energy reserves, heightened energy insecurity with potential for social and political instability if electricity and heating cannot be guaranteed.
Resolution:
- The long-term solution is to be realistic. Realize that some ideologies do not reflect reality. Invest heavily on nuclear power and hydrogen technology.
- In the short term, the best case is if the military conflict ends quickly. The worst is if the conflict spreads, which would have devastating results.
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