People are starting to get anxious about the coming winter. They’re entertaining Doomsday scenarios of Siberian temperatures, folks freezing in their homes and industries grinding to a halt.
Everyone’s worried about Russia leaving Europe out in the cold, as a result of the political tensions arising from the Russia-Ukraine conflict. But that simply isn’t likely to happen for several reasons, from President Vladimir Putin’s coffers, to the possibility of raising our own energy efficiency.
True, it’s no easy feat to understand what’s going on in Vladimir Putin’s mind. The Russian president may be unpredictable, but he still wants to provide uninterrupted supplies to Europe, because he would be lost without this oil and gas income. The Russian economy has had massive problems for a while now and if the energy business income fell away too, the country would be in serious trouble.
There are many sound reasons, apart from fear, to reduce our dependence on Russian gas in Europe. It makes no sense for countries in the European Union to spend €500 billion each year importing oil, coal and gas, in the first place, and especially since much of it comes from countries that are not particularly democratic or transparent.