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seneca983
Zeihan on Geopolitics
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Comments by "seneca983" (@seneca983) on "Ukrainian Consequences: Energy in Europe" video.
@johnhughes2124 "the Icelandic steel industry which uses Geothermal power" I don't think they do. Iceland mostly uses Geothermal to heat homes. Maybe you're thinking of hydropower, which is also abundant in Iceland?
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I think you're exaggerating a little. There is going to be a hit to industry but a lot of them have switched to alternatives like propane or oil for which prices haven't risen as much. Also, people using gas for heating are likely going to switch to something else like heat pumps meaning the need for gas next winter is going to be lower. It's going to be a bit tough but hardly fatal.
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