Comments by "Paul Aiello" (@paul1979uk2000) on "I can't believe they let this happen!" video.
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Considering Europe went through the second world war, what's going on now is quite small in comparison.
In the end, this is something that will only take a few short years to adapt to and things are back to normal.
Let's also be crystal clear about this, what's happening in Europe is having a big impact around the world, hence the high energy prices and inflation numbers, in other words, it's in all our interest that Europe sorts out its energy issue as that is bumping up the price around the world for a lot of countries.
On the plus side, the higher and longer energy prices goes, the quicker the fossil industry could kill it's self off as it's playing into the hands of alternative energy sources, something history has proven when we see energy crisis, they don't last that long because if they did, it would kill off those industries as people will get fed up with the high prices and put a lot of political pressure on governments to do real change and not foot dragging and that is all that's needed, the political will to do real change and we've seen in history how a lot of big changes can happen in a short space of time if needed to do those changes.
So a bit of short term pain which to me is well worth it for the bigger long term gains which ironically, the regions that are more exposed could benefit from that the most, in other words, Europe, history has shown that when change needs to happen, the pace of that change can happen much more rapid than it normally would and in the case of Europe, it's a rich continent that has the resources to make the change needed.
With all that, it's going to be interesting to see the energy mix in Europe over the next decade because I feel we're going to get more changes in that than we have in over the last few decades.
There is a downside to all that, fossil producing nations could lose out by far the most because I think with everything that's going on, a lot of countries are going to want to produce a lot more of its energy needs internally for security reasons, that's bad news for countries that produce a lot of oil, gas and other resources and these kinds of events that do in a decade that would normally take many decade and the EU is perfect for this because it was already moving to cleaner energy sources, now they've got no excuses on that and can't drag their feet, they have to go all in and that is great news for the world at large.
I've got to hand it to Putin, he's probably done more for the world to clean up it's act on energy than the Greens could possibly hope to achieve and all that was needed was the threat to energy security to shake the market up, so yes, a bit of short term pain, but this is great news for the future of the energy industry, which is kinda funny, because on the one hand, I want energy prices to stay high so this change happens sooner, but on the other I want prices to come down, heck of a dilemma to have lol.
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