How to Price the Risk of Russia's Tightening Grip on Gas

The video discusses the potential risks and economic impacts of a gas supply stoppage from Russia to Europe, focusing on Germany. It highlights the debate among economists about the extent of the economic downturn, with estimates ranging from 1.5% to 7% shrinkage. The video also explores strategic moves by countries to source alternative energy supplies globally, which could drive up prices. Germany's recent decision to reduce gas usage for electricity and increase coal usage is examined as a measure to ensure energy security, despite its negative implications for the energy transition.

How has the German Minister Habaek responded to the gas supply situation?

What are the implications of the energy transition in light of the current gas supply challenges?