Comments by "Paul Aiello" (@paul1979uk2000) on "How 3 Pipelines Could Replace Putin's Gas" video.

  1. I think in the short term, EU countries will try to fill the void of oil and gas with other countries around the world but longer term, I think EU countries are going to push hard on generating most of its energy means internally with it becoming a security risk. What that basically means is that we could get a revolution in clean energy sources over the next decade, something EU countries have been pushing on before the war but now they can't afford to foot drag on that and will likely go all in and if history is any indicator, when there is the political will and need to push something, change that would normally take decades could happen in a few short years or less than a decade. Ironically, Putin might have done more for us all to clean up our act on clean energy sources then the Greens could possibly do and all it took was the threat to energy supplies and the best thing about all this, the higher and longer energy prices stay high around the world, the quicker this change will happen as pressure from the public will build onto governments to give them the political will to do much bigger changes than would normally happen. Putin's actions in Ukraine might have shortened the fossil industries by about 10-15 years which to fossil producing countries, that's trillions being wiped out in revenue, so they might be laughing now but longer term, this could be a disaster for them, especially countries that are very dependent on oil and gas. In any case, it's never smart to threaten your customers, more so rich ones like in Europe because they will look elseware. Also, I do know one thing, when there is a massive void in a big market, others will come in to fill it and with Russia being pushed out of Europe, there is a massive opening for other players to profit on that at the expense of Russia but there is a short window for them because Europe isn't going to wait too long before it ramps up production of alternative energy, in other words, the ones that are smart here to fill that void in Europe as quickly as they can, could stand to profit by the hundreds of billions per year, heck, those countries could even send Putin a thank-you card for sending their business to them lol, in any case, when there is money involved, solutions happen fast and the EU countries being such a massive market, other countries around the world are licking their lips at filling that void that Russia is leaving behind, after all, it's not offern that a big rich market becomes open to such a degree for others to profit on. So it will be interesting to see who wins this race.
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