Comments by "Paul Aiello" (@paul1979uk2000) on "" video.

  1. With how quickly renewable energy is developing and getting cheaper, OPEC's dreams of pushing oil prices up is less effective now, yes they can do it, but the higher oil and gas prices go up, the bigger the shift towards renewable energy sources, with cars going electric and heating going electric with heat pumps, we are quickly going into a world that's all electric, and as renewable energy is having a bigger percentage share of the energy mix in a lot of countries, that's isn't good news for any country that wants to push the price of oil and gas up, they become less competitive, which in turn speeds up the adoption of the alternative. In other words, I want oil and gas countries to try and be controlling and to try and push the price up so that we can kill those industries, sooner rather than later, the irony in that, the countries that import a lot of oil and gas stand to benefit the most by that by having a massive windfall of money per year, whereas the producing nation have a massive loss, especially the ones that depend on oil and gas revenue a lot.
    8
  2. Not only that, but renewable energy is getting so competitive now that pushing the price up of oil or gas will lead to more renewable energy adoption. This isn't like the past where Opec could control the price and there was nothing we could do about it, since the war in Ukraine, there's been a massive drive to renewable energy to create independence when it comes to energy generating, the higher the price is of fossil fuels, the better it is for the renewable industry and the quicker that takes over, being that cars and heating is going electrics, it's becoming high risk for the fossil industry to bump up the price, and even if they do, they likely can't do it long term because renewables is getting cheaper and better. Also as you point out, those countries are divided, if one country tries to bump the price up, another might take that opening to sell more oil or gas, after all, the value of oil and gas is likely going to be much lower than it is now, so better to sell now, even on the cheap, then not be able to sell at all in the future. Either way, let them play their games, they'll end up killing those industries much sooner than it would be and in the case of Russia and Saudi Arabia, considering how dependant they are on oil and gas revenues, it won't do those countries any favours, and naturally, they'll blame the west for not buying their resources, even thought they created this situation by being political and playing with the price of that resource, basically, the situation they are creating for themselves, they've only got themselves to blame, especially Russia, which are being screwed over by the west and by China, I wonder if Putin even realises that yet.
    6
  3. I feel the US is to blame on that one, they kept dragging their feet, which limited what other western countries could do, I also suspect that the US wanted a long-drawn-out war to really weaken Putin, maybe even to support the military complex in the US. It could be backfiring now, because the long-drawn-out war is a lot more costly, both the EU and US could have brought this war to an end a lot sooner than now, if they give Ukraine the equipment it needed to end the war sooner rather than later, but the dragging of their feet is putting more lives at risk, making the war a lot more costly and putting western countries in a picky situation that they might have a problem funding this war because of opposition in politics and maybe from the people if they get fed up with the war dragging on and how much it's costing. We are seeing how difficult it's becoming for both the EU and US to pass the latest funding bill for Ukraine, the public have been supportive of the war so far, but the longer the war drags on, that support will slower disappear, also, I think Putin is changing tactics, he might be thinking that if he can keep the war going till the next US election, he's hoping that Trump wins power, if that were to happen, that would divide both the EU and the US, it could also weaken the support for Ukraine, Putin knows he's won if the EU and US stops backing Ukraine and probably knows he can't win if the EU and US keeps backing Ukraine. Both the EU and US needs to show real leadership, stop messing about, give Ukraine the support it needs to end this war quickly, and in the case of the US, time might be running out with the elections being next year, so ideally, they'll want to get this war over with before the next elections, which means ramping things up a lot early next year, if the EU and US lets Russia win, it will be seen as a massive blunder on the west, it will also make them look weak, Russia and even China might play on that, knowing that they only have to drag a war out for the western countries support to falter and this is a fault of the west for not winning this war sooner.
    5