
The Next Big Trade - Luke Gromen on Why It's Best to "Be Long Energy" Right Now
Real Vision: Finance & Investing
00:00
Why Is the Eurozone Insolvent?
Germany doesn't have enough gas now to support its bulk chemicals industry. Bulk chemicals industry consumes a hell of a lot of that gas, but it was also 10% of GDP. So all of a sudden, no fertilizer produced in the Eurozone because there's no gas. And so is the EU unless they change their energy policy quick. Russia's the low cost guy and he's turning east and he's going to turn off the EU and ultimately, like you said, he'd turn off in the EU.
Play episode from 09:36
Transcript


