Putin's war is being fought on many fronts. A real war in Ukraine, but also an economic and energy war in the rest of Europe.
This week our guests are David Sheppard, FT Energy Editor based in London and Derek Brower, US Energy Editor for the Financial Times and FT Energy Source Editor based in New York.
Here are some of the questions Jackie and Peter asked our guests: Assuming that Russia was at fault for the sabotage of the Nord Stream 1 and 2 pipelines, what could be the motivation? How difficult are the high energy prices for residential and industrial energy consumers in Europe now? So far, the energy war has been fought in the gas markets, but are the oil markets next? European governments are offering energy price caps and subsidies to shield consumers from high prices, is this the right approach? In June, Putin predicted that Europe will have a surge of populism that will oust the current governments. Is Italy a one off, or do you foresee government change towards more right-wing leaders in other EU countries?
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To see a transcript of this podcast, visit the link (scroll part way down the page): Energy War in Europe (arcenergyinstitute.com)