Pierre Andurand on What Europe Needs to Do This Winter

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 26 September 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Europe is facing an energy crisis and there are some dire predictions about how it will deal with the upcoming winter, when demand for electricity and heating oil are expected to surge. But commodities trader Pierre Andurand sees a path for Europe to survive without Russia's fuel. He suggests that LNG imports can make up a significant amount of lost Russian oil and gas, while simple actions like turning down the thermostat and turning off the lights, can make a big difference to the region's overall supply and demand imbalance. He also talks about the "broken" oil market — where prices may move by $10 on seemingly little news — and how that's impacted his own trading.

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0:57.2	On top of inflation, if they want to.
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1:28.0	Joe, I feel like we need to do an episode on European energy once a month now.
1:32.8	There are so many developments happening so fast.
1:36.5	German electricity prices, price caps in the UK, the French nuclear industry, and it all relates
1:42.8	to geopolitics and inflation, how it fits with the ECB and everything.
1:47.6	There really is a non-stop story that we have to be covering more or less all the time.
1:54.2	Yeah, and I feel like we had some interesting conversations on this topic earlier in the year.
1:59.8	Definitely throughout the summer and even way back into the spring.
2:03.4	And the difference now is that we really are starting to see
	...

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