RE: Putin oil and gas8 Mar 2022 19:50
Jotum,
Impossible for energy transition to change from oil and gas
to solar, wind etc 1,2,3 years, HUGE costs, planning needed and time most importantly needed if that's what you meant.
If you mean finding other suppliers, there just isn't enough excess supply to cut out Russia, its never going to happen. Mark my words, NORD stream 2 will be up and active in the short term. Germany the only manufacturing power in Europe needs the cheap gas. Everyone does. Its ready right now for gas flow through it, sitting there idle waiting for "approvals" to be switched on. Hence why Germans postponed instead of cancelled. Ukraine will be forgotten within a 2 years max just like crimea was. Business back to usual.
For the very near term, it's a terrible situation for all to be in. Especially if your in Ukraine.