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Paul Aiello
Bloomberg Television
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Comments by "Paul Aiello" (@paul1979uk2000) on "EU Eyes 140 Billion Euros From Power Producer Revenue Cap" video.
They could but I don't think they can afford too, the last thing they want is to speed up the change to alternative energy and high energy cost will speed up the demise of the fossil industry if it drags on long enough. What these energy companies need to do is stabilize the energy market and fast before enough public pressure builds on government to do real change to the energy sector and not the foot dragging we've been seeing for decades, in other words, investment in renewables and other alternatives could go through the roof if the fossil industry doesn't get their act together because there are a lot of angry people and that's putting immense pressure on governments to do real change.
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Actually, killing the fossil industry is a good way to speed up the alternative energy industries. We've got to remember that if push comes to shove, the process of change in the energy sector could happen in less than a decade that would normally take countless decades. In other words, the energy sector can't afford energy to stay high as that is going to put a lot of pressure on governments from the people that will force real change and not foot dragging, in other words, we could be seeing the start of an energy revolution in the coming years that is very likely going to favour renewable energy sources and battery tech and the longer and higher energy prices stay, the better in that sense.
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