E95: Winter is Coming, Europe's energy crisis, Kim Kardashian's new PE firm & more
All-In with Chamath, Jason, Sacks & Friedberg
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Heating and Cooling Demand
40% of europe's energy consumption coes from russian natural gas. Heating and cooling demand is linearly tied to the number of degrees above or below 65 fahrenheit, an average. So as the temperature goes up, people turn air conditioners on. As the temperature goes below 65, thy turn their heaters on. And so there's a linear demand for power consumption at those times.
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