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Global Energy Expert Daniel Yergin

Intelligence Matters

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Energy Crisis - What's the Source of That?

This energy crisis did not start on february 20 fourth with the invasion of ukraine. It started in the second half of 20 21, when there was a recovery from covet and lockd downs. And first there was not enough coal, so china switched to natural gas, l and g. That created shortages in europe. So it reverberated from coal to ntural gas to oil and nuclear,. because russia has a rather dominant position in the nuclear fuel cycle value chain.

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