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MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think

Macro Voices

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Global Energy Crisis - Is There a European Energy Crisis?

daniel: In europe we have a very dire situation and we have european policymakers hard at work i think you and i agree doing everything possible to make the situation worse. He says as china comes out of its zero-covid policy and that economy gets restarted he thinks that the entire world is going to experience an energy crisis every bit is bad if not worse than what europe has already seen. Daniel: We simply have not made reinvestment that needs to be made in fossil fuels essentially government policy is so committed to their ideological views about wind and solar that they're anxious to phase out fossil fuels before phasing in a viable replacement.

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