The European Union's Energy Crisis Explained in One Minute
As an economist who actually lives in the European Union, it saddens me just how much confusion currently surrounds the energy crisis the EU is going through right now. From doom and gloom preachers who say things like "Europeans will freeze this winter" (no, we will not) to excessive optimism, for example believing this winter will be a walk in the park here in the European Union (once again... no, it will not).
This video tries to put a balanced perspective on the European Union's energy crisis on the table so that viewers, not just those who live in the EU (because as made clear throughout the video, the implications of this energy crisis are global), can put together a coherent strategy based on facts rather than emotion.
Nobody knows what the future holds but by deploying reason, you will be light years ahead of the average individual in terms of rational preparedness. Is a Wild West world coming? I certainly hope not. But make no mistake, the likelihood of this winter ending without social unrest issues is slim. Yet again, not just in the European Union. Act accordingly.
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