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So what was the solution in the end? Cuz currently I only see everyone being afraid to even acknowledge that gas reserves are merely a buffer. I suspect this "figured out" might as well be yet another soothing post-truth.


Well for one they've filled storage reserves past the annual target: https://graphics.reuters.com/UKRAINE-CRISIS/EUROPE-GAS/zdvxo..., and will fill it up to the max. The reserve can be used for about 3 months. Anything else they need will be purchased expensively on demand. Demand will be cut where it can. Something like 10-15% less demand would make all the difference. Yes it'll be painful in the short term but they should have never hitched themselves to Russian energy in the first place. This is the cost they will pay.

Anyways, by next winter France's nukes should be back online and they'll have had 2 years to make structural changes to ween off Russian gas. Likely means more US LNG in the short term, and more green energy/tech in the long term. Only chance I see of them getting back to Russian energy is if Russia gets toppled by a democratic regime that wants to be westernized. I see this as very unlikely in the next 2 years.




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