Why Europe’s Energy Crisis is Getting Worse

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In this video, we’re going to look at why prices are rising again, why this isn’t great news for Europe, and how Europe may go about bringing prices down.

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References:
Europe’s gas prices peak
https://www.ft.com/content/909271cd-7b5c-4f50-80bd-80869b565578
ttps://www.reuters.com/business/energy/europes-economic-woes-may-worsen-key-power-prices-rise-maguire-2024-11-20/

Germany’s ‘Dunkelflaute’
https://www.cleanenergywire.org/news/short-term-power-prices-spike-amid-new-dunkelflaute-germany-most-customers-unaffected
https://www.nytimes.com/2024/12/30/business/energy-environment/europe-energy-solar-wind.html
https://unherd.com/newsroom/germanys-dunkelflaute-is-causing-an-energy-crisis-in-europe/ https://english.elpais.com/international/2024-12-12/cold-without-wind-german-dunkelflaute-brings-electricity-prices-to-crisis-levels-and-depletes-gas-reserves.html

Germany’s electricity imports and exports
https://www.statista.com/statistics/1331853/electricity-imports-exports-germany/#:~:text=In%202023%2C%20Germany%20imported%2069.3,opposite%20was%20true%20for%20exports.

Global natural gas market
https://www.eia.gov/todayinenergy/detail.php?id=63804

Europe’s gas supplies
https://www.bloomberg.com/news/articles/2024-11-23/europe-is-already-facing-its-next-energy-crisis?embedded-checkout=true
https://www.ft.com/content/1bf29f6e-fcdf-462a-b257-d1690ff53825

Russia-Ukraine gas transit deal ends
https://www.bruegel.org/analysis/end-russian-gas-transit-ukraine-and-options-eu

Slovakia-Ukraine gas dispute
https://kyivindependent.com/fico-criticizes-zelensky-over-refusal-to-extend-russian-gas-transit-warns-of-crisis/
https://www.politico.eu/article/ukraine-slovakia-russia-gas-deal-power-robert-fico/

Germany-Czechia gas dispute https://www.bloomberg.com/news/articles/2024-07-18/germany-accused-of-hoarding-gas-meant-to-supply-czech-republic?embedded-checkout=true

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