We Are About To Get SQUEEZED

The European Union’s dependency on Russian gas has not been solved; it has only been disguised by a massive increase in dependency on coal (lignite) in the case of Germany and expensive liquefied natural gas imported from the rest of the world. At the end of 2022, Germany’s energy mix was the clearest example of its energy policy failure. Hard coal and lignite accounted for 31.2%, natural gas 13.8%, and mineral oil 0.8%, with nuclear at 6.0%. After almost 200 billion euros in renewable subsidies, Germany needs more coal and imported natural gas. What did the government decide after facing the mistake of shutting down almost all its nuclear fleet? You guessed it. Double down and continue with the process of closing the remaining ones. No wonder Germany is in recession. Its industrial model requires abundant and affordable energy, and the different governments have made the cost of energy uncompetitive. #oil #crudeoil #saudi #russia #commodities #invest #investor

Timestamps:
Too Reliant on Russia 0:00
$1.5 Trillion in Lithium 6:09
What Can I Do? 11:28

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