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4min chapter
E95: Winter is Coming, Europe's energy crisis, Kim Kardashian's new PE firm & more
All-In with Chamath, Jason, Sacks & Friedberg
Energy Consumption in Europe Is a Massive Problem
40% of europe's Energy consumption comes from russian natural gas 40% and so you could see variants There's a base load requirement for lighting and electricity. Then there's industrial production and then there's heating and cooling Heating and cooling demand is linearly tied to the number of degrees or above or below 65 Fahrenheit on average. As the temperature goes up people turn air conditioners on as the temperature goes below 65 They turn their heaters on so there's a linear demand for power consumption at those times.
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