
Revisiting Europe’s energy independence
The Sound of Economics
00:00
The European Union Is at a Point of Weakness
Russia can handle the situation because they can keep exporting oil. That's where they make, in any case, the back of their revenues. They find a lot of new customers in india, in china, elsewhere in asia. So it i clear that now gas is a depolitical weapon, while the cash machine is the oil export. With oil, they can re direct the flows better than they could do with gas. And for the long temei has not ametbut you know, er, even in the short term, russia can handling the situation. The if europe were to play stit e came from a point of weakness, because we all understand that
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