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Will High Oil Prices Restart Europe’s Energy Crisis?

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Oil is probably the most important commodity in the world, and the demand for it explains much of today’s geopolitical landscape. With the recent price increase of oil though, analysts have begun to wonder whether another recession could be on the cards for Europe.

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1 – https://twitter.com/StephaneDeo/status/1673966053808824321/photo/1
2 – https://tradingeconomics.com/saudi-arabia/crude-oil-production
3 – https://www.nytimes.com/2023/06/07/business/energy-environment/saudi-arabia-russia-oil-opec-plus.html
4 – https://www.reuters.com/business/energy/saudi-arabia-extends-voluntary-oil-output-cut-1-mln-bpd-end-2023-2023-09-05/
5 – https://www.rte.ie/news/business/2023/0731/1397393-euro-zone-economy/
6 – https://www.cfr.org/blog/ireland-really-shouldnt-be-driving-details-euro-areas-gdp-data
7 – https://www.bruegel.org/dataset/european-natural-gas-imports
8 – https://www.bruegel.org/dataset/european-natural-gas-imports
9 – https://tradingeconomics.com/commodity/uranium

00:00 – Introduction
00:54 – Why Are Oil Prices Rising?
04:12 – Why Europe is Worried
07:47 – Sponsored Content

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22 Comments

22 Comments

  1. @wertywerrtyson5529

    February 17, 2024 at 10:13 pm

    So sick of all prices going up and up. Social services gets cut, we are going into a deeper recession next year. We have more explosions than any country in the world not currently at war except for Mexico. Our currency is weak which makes things even more expensive. Our salaries have increased less than the rest of Europe. I can’t even afford to fuel up the car. A tank of diesel is about 1500 now. I’m so sick of it all. Meanwhile we have to pay high energy prices because the energy is exported to Germany driving up prices here.

  2. @teoeehuat8742

    February 17, 2024 at 10:13 pm

    Smart move by Russia & Saudi. America soon in Civil War. EU broke now. This move is better than having War.😂

  3. @lisadsouza5061

    February 17, 2024 at 10:13 pm

    usa will supply expensive friendly oil to europe

  4. @Milan1988Z

    February 17, 2024 at 10:13 pm

    Europe had 30 years to stop being America's doormat and accept Russia, the huge country it shares the continent with, on equal and friendly terms. It would have all of the energy it ever wanted and more.
    Instead it choose to double down on being America's doormat and now it has to think abour these riduculous energy alternatives while everybody else (USA, China) is laughing at it.

  5. @Noidonteatbabiesstopasking

    February 17, 2024 at 10:13 pm

    Why does Russia compulsively alienate all its allies

  6. @monkeeseemonkeedoo3745

    February 17, 2024 at 10:13 pm

    Saudi Arabia trying to flex and get security guarantees from US vs Iran. Gross, just make more oil in the US, or bring in Venezuelan oil.

  7. @jacobfield4848

    February 17, 2024 at 10:13 pm

    The UK energy crisis never ended the prices are 3 times higher than in the USA. Businesses have shut down all across the UK because of energy prices. Th market is rigged, it is not a free market.

  8. @Phobos11

    February 17, 2024 at 10:13 pm

    What do you mean “restart”? Inflation has only kept going up and never stopped or gone back

  9. @user-lh1yx6yj1c

    February 17, 2024 at 10:13 pm

    The only crisis is that we still use fossil fuels in 2023.

  10. @user-ke9dk4hs3u

    February 17, 2024 at 10:13 pm

    European policy makers putting Ukriane before there own country

  11. @user-ke9dk4hs3u

    February 17, 2024 at 10:13 pm

    Germany has proven to have the most stupidest policy when it comes to energy

  12. @gdb524

    February 17, 2024 at 10:13 pm

    conschumer

  13. @jfrancobelge

    February 17, 2024 at 10:13 pm

    Is that really a question? Of course it hurts Europe… just as it hurts the entire world (except the oil producers of course).

  14. @MY.02

    February 17, 2024 at 10:13 pm

    High prices of oil will NEVER "A" Restart
    Europe's economy crisis.
    It will only restart Mass protesting and Mayhem.
    There has to be a balance of 1'Sss euro
    To one's energy.

  15. @itch4travel

    February 17, 2024 at 10:13 pm

    MAKE RUSSIA THE ENEMY, RUSSIA WILL BE THE ENEMY.

  16. @atomalisaid8127

    February 17, 2024 at 10:13 pm

    What happened to the Embargo

  17. @ibrahimseth8646

    February 17, 2024 at 10:13 pm

    Oil Trade:
    Capital Buy=USD Sell=USD Gross
    120B 120 90 90B
    220B 110 90 180B
    300B 100 90 270B
    360B 90 90 360B
    400B 80 90 450B
    490B 70 90 630B
    540B 60 90 810B
    If Total Gross>Total Capital=Surplus
    If Total Gross=Total Capital=0
    If Total Gross<Total Capital=Deficit.

    Thank you.

  18. @ibrahimseth8646

    February 17, 2024 at 10:13 pm

    Loss=50 Billion Yearly
    10 Year loss=500B
    Loan=2000B
    Cash=Loan-Loss
    Cash=2000B-500B
    Cash=1500B(Loss 10 Year=0)
    Loan=2000B Yield(Interest)=6%
    Loan(10 Year)=1.06^10*2000B
    Loan(10 Year)=3600B
    Payout(10Year)=Loan(10Year)=3.6T
    Insurance:
    Yield(Dividen)=15% Year=10
    Premium=3.6T/(1.15^10)
    Premium=890B

    Cash=1500B
    Premium=890B
    If (Cash>Premium)=Surplus
    Surplus=Cash-Premium
    Surplus=1500B-890B
    Surplus=610B.

    Invest=610B Yield(Dividen)=8%
    Total(10 Year)=610B*1.08^10
    Total(10 Year)=1316B.

    Note:How to cover loss with insurance.
    Thank you.

  19. @farright118

    February 17, 2024 at 10:13 pm

    Well we deserve it. We could force these oil states to supply more under the threat of bans of imports from their countries and possible naval blockades but we don't

  20. @CrackheadMagnate

    February 17, 2024 at 10:13 pm

    Saudis are trying to entice a security deal with saudi arabia
    But seeing as russia are militarily inept it wont last long

  21. @user-zi7ke4mo6w

    February 17, 2024 at 10:13 pm

    To drop the oil price you need one phone call from Whitehouse to Riad thats it , remember in 1986 history its very easy to repeat. and little help of most of OPEC do you know why because all the rich people from OPEC have their money in western world. thank you for reading my comment.

  22. @BS-vm5bt

    February 17, 2024 at 10:13 pm

    Europe got greenland with its massive uranium deposites. Its just stupid leadership that is causing this.

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Other EU

Why the German Economy Suddenly Looks Alright

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After years of stagnation, German’s economy might finally look to be on the up. In this video, we’re taking a look at the latest data and ask whether Germany has finally turned the corner.

📰 Too Long: https://toolong.news/
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

//////////////////////////

Sources
German GDP data 2019-2025
https://www.economist.com/europe/2025/10/23/germanys-much-ballyhooed-autumn-of-reforms-is-a-damp-squib

Germany polls
https://www.politico.eu/europe-poll-of-polls/germany/
https://www.economist.com/europe/2026/08/31/how-the-alternative-for-germany-would-govern

Revised destatis data
https://www.destatis.de/EN/Themes/Economy/National-Accounts-Domestic-Product/_node.html
https://substack.com/home/post/p-211829645

IMF estimates for GDP growth in 2026
https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/EU/EURO/EUQ/IDN

Ifo institute data
https://www.ifo.de/en/facts/2026-06-18/ifo-economic-forecast-summer-2026-energy-price-increase-acting-brake-fiscal-policy
https://www.ifo.de/en/survey-results

Germany trade data
https://www.macrotrends.net/global-metrics/countries/deu/germany/trade-balance-deficit
https://tradingeconomics.com/germany/exports-to-china
https://wits.worldbank.org/CountryProfile/en/Country/DEU/Year/LTST/Summarytext
https://tradingeconomics.com/germany/exports

Indices
https://live.euronext.com/en/financial-news/german-manufacturing-growth-accelerates-august-orders-surge-pmi-shows
https://tradingeconomics.com/germany/manufacturing-pmi
https://www.ifo.de/en/survey-results

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Other EU

Why Iceland is Not Joining the EU

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Yesterday, Iceland held a referendum on restarting negotiations to rejoin the European Union, 13 years after negotiations were frozen. With the results now in, we’re taking a look at what happened and what it means for the future.

📰 Too Long: https://toolong.news/
🎉 TLDR Party:  https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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Sources:

https://www.dw.com/en/icelands-eu-vote-a-nation-divided-over-europe/a-78285133
https://www.reuters.com/world/narrow-majority-icelanders-back-eu-membership-talks-poll-shows-ahead-referendum-2026-08-26/
https://www.ruv.is/english/2025-01-09-poll-majority-support-eu-negotiations-432591
https://nordics.info/show/artikel/icelands-relationship-with-the-eu
https://www.idea.int/democracytracker/country/iceland
https://newunionpost.eu/2026/02/26/iceland-referendum-eu-accession-talks/#:~:text=hold%20a%20referendum%20on%20reopening%20Iceland%E2%80%99s%20EU%20accession%20talks
https://cb.is/news-and-publications/article/monetary-bulletin-2026-3
https://www.bloomberg.com/news/articles/2026-08-19/iceland-hikes-key-rate-to-8-to-lower-risk-of-prices-spiraling
https://www.thetimes.com/world/europe/article/iceland-eu-referendum-3fqw92st9
https://thefishingdaily.com/icelandic-fishing-industry-news/icelandic-fishing-industry-points-to-ireland-in-eu-warning/
https://www.reuters.com/world/fish-ships-sovereignty-iceland-weighs-its-european-future-2026-08-19/#:~:text=defined%20Iceland’s%20independence%20since%20it%20broke%20away%20from%20Denmark
https://island-esb.is/en/kostnadur/
https://www.ruv.is/english/2026-08-29-iceland-rejects-eu-accession-talks-485377

00:00 – Introduction
01:09 – Context
03:06 – The Two Sides
05:35 – The Final Result
07:38 – Proton Mail

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Should the EU Back Canada Against Trump?

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Earlier this week, a trade war broke about between the US and Canada. But the EU, a more Canada-aligned ally, appears to have a pretty muted response so far. So, in this video, we’re taking a look at the escalating US-Canada trade war, how it’s pushing Canada towards the EU and how the EU is responding.

📰 Too Long: https://toolong.news/
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

//////////////////////////

Sources:

US–Canada trade war
https://www.ft.com/content/7ced71c2-03b8-4569-a68d-14624a7e83f2?syn-25a6b1a6=1
https://www.ft.com/content/e3b5c236-bd5f-45c2-8ddf-5279a7375d3f?syn-25a6b1a6=1
https://www.nytimes.com/live/2026/08/25/us/trump-news-tariffs
https://www.politico.com/news/2026/08/25/us-canadian-trade-war-political-will-01048491
https://www.theguardian.com/world/2026/aug/26/wednesday-briefing-how-canada-has-turned-a-trade-dispute-into-a-defence-of-its-sovereignty
https://www.pm.gc.ca/en/news/speeches/2026/08/22/prime-minister-carney-delivers-remarks-canada-us-trade-negotiations
https://youtu.be/NhEN07dahhw?si=8f4ggIhGGdy3uAy0

Europe’s response
https://www.politico.eu/article/trade-war-mark-carney-middle-powers-alliance/
https://www.politico.eu/article/canada-mark-carney-to-attend-eus-state-of-the-union-ursula-von-der-leyen/
https://www.euronews.com/my-europe/2026/08/25/canada-walked-away-from-trump-could-the-eu-ever-do-the-same
https://www.eunews.it/en/2026/08/25/trumps-tariffs-steer-canada-towards-the-eu-which-welcomes-the-move/

Canada–EU relations
https://international.canada.ca/en/global-affairs/corporate/reports/chief-economist/annual/2025
https://www.politico.eu/article/canada-pact-defense-eu-mark-carney-partnership/
https://youtu.be/GxWtq2ZLfgs?si=_zmZ-0_vtF7EhZrk

Canadian polling on joining the EU
https://yougov.com/en-gb/articles/54662-should-canada-be-allowed-to-join-the-european-union
https://ygo-assets-websites-editorial-emea.yougov.net/documents/Canadians__Opinions_on_Politics_poll_results_syetMgu.pdf#page=3
https://www.theglobeandmail.com/politics/article-canadians-support-becoming-member-european-union-nanos-poll/

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Accession Update: Which Country Will Join the EU Next?

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Ahead of Iceland’s EU accession referendum this weekend, we take another look at the current crop of candidate countries and see who has made progress, who has stalled in the process and who is most likely to become the 28th EU member state?

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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

//////////////////////////

Sources: 

https://www.youtube.com/watch?v=e4_7arwUMEw
https://www.euronews.com/my-europe/2026/08/24/icelands-moment-of-reckoning-what-the-referendum-means-for-the-eu 
https://european-union.europa.eu/principles-countries-history/eu-enlargement_en 
https://readinessindex.eu/ 
https://enlargement.ec.europa.eu/countries/kosovo_en 
https://readinessindex.eu/#/country/kosovo 
https://www.turkishminute.com/2026/08/17/erdogan-says-eu-membership-is-not-a-priority-for-turkey/ 
https://www.europarl.europa.eu/delegations/en/joint-statement-on-the-georgian-governme/product-details/20241129DPU39689 
https://euneighbourseast.eu/news/latest-news/european-commission-says-georgia-a-candidate-country-in-name-only/ 
https://www.euinsider.eu/news/epic-enlargement-bosnia-collapse-2026 
https://www.politico.eu/article/bulgaria-european-parliament-bill-north-macedonia-eu-accession-green-austria-waitz-lobby-vote-smear-campaign/ 
https://www.euronews.com/my-europe/2026/07/08/eight-member-states-oppose-the-opening-of-serbias-next-eu-accession-cluster 
https://www.economist.com/europe/2026/08/13/might-moldova-merge-with-romania 
https://english.nv.ua/nation/hungary-again-blocks-two-clusters-in-ukraine-s-eu-accession-talks-50628208.html
https://www.clingendael.org/publication/albanias-eu-accession-sprint-balancing-momentum-reform-and-eu-scrutiny 
https://www.economist.com/the-world-in-brief/2026/08/22/03a85e89-8de5-405b-a27c-5c6763fd0ad8 
https://enlargement.ec.europa.eu/countries/montenegro_en 
https://www.euronews.com/my-europe/2026/08/24/icelands-moment-of-reckoning-what-the-referendum-means-for-the-eu 
https://www.euronews.com/my-europe/2026/08/24/icelands-moment-of-reckoning-what-the-referendum-means-for-the-eu 
https://www.euronews.com/2026/08/25/armenia-announces-historic-intention-to-apply-for-eu-membership

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Why Europe’s Most Powerful Monarchy Is Heading for a Constitutional Crisis

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In this video, we’re going to explain Liechtenstein’s unique political setup, and how the push to decriminalise abortion could trigger a constitutional crisis in the country.

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🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

SOURCES:

Liechtenstein’s ‘dualistic’ state:
https://blogs.lse.ac.uk/europpblog/2017/01/30/the-curious-case-of-liechtenstein/

Liechtenstein’s constitution:
https://www.constituteproject.org/constitution/Liechtenstein_2011

Recurring tension over royal power:
https://blog-iacl-aidc.org/centenary-constitution-liechtenstein/2021/12/14/monarchy-and-direct-democracy-in-liechtenstein-an-impossible-combination

Examples of princely family threatening to leave:
http://news.bbc.co.uk/1/hi/world/europe/1713201.stm
https://www.telegraph.co.uk/news/worldnews/europe/liechtenstein/9366747/Prince-of-Liechtenstein-threatens-to-leave-after-vote-on-his-powers.html

2003 constitutional referendum:
https://en.wikipedia.org/wiki/2003_Liechtenstein_constitutional_referendum

2011 abortion referendum:
https://en.wikipedia.org/wiki/2011_Liechtenstein_referendums

2012 constitutional referendum:
https://en.wikipedia.org/wiki/2012_Liechtenstein_constitutional_referendum

Alois’ veto threat helped scupper 2011 abortion referendum:
https://verfassungsblog.de/small-country-big-hurdles/

2026 abortion decriminalisation initiative:
https://www.fristenlösung.li/initiative

Initiative received second-highest number of signatures:
https://landesspiegel.li/2026/07/fristenloesung-initiative-will-heute-4970-unterschriften-einreichen/
https://www.theguardian.com/commentisfree/2026/aug/03/liechtenstein-abortion-law-modernised-prince-alois

Polling shows support for abortion decriminalisation initiative:
https://x.com/EuropeElects/status/2088323436913271216

0:00 Why Europe’s Most Powerful Monarchy Is Heading for a Constitutional Crisis
7:49 Sponsor

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