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Just How Bad Will the Energy Crisis Be in Europe This Winter?
Odd Lots
Is There a Risk of a Demand Destroyment?
In the short term, it's very hard to do a lot of substitution. In places like australia, where you are similarly impacted by issues of gas and coal, price has been the marginal pricing source of demand. And so in the short run, people can't really cut their consumption much. Ah, but have a time, that does tend to happen. But that does take time. That demand destruction, not in a bad way, n sense that people work out ways to consume less while preserving their life style.
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