Can the G-7 Put a Cap on Russian Gas Prices?

The transcript discusses the complexity of setting a price cap on Russian oil and gas, a topic addressed by G7 leaders. It highlights the political and practical challenges, including the need for a global coalition and the neutral stance of countries like India. The energy crisis in Europe is emphasized, with a focus on the need to reduce gas usage by 30% in winter to avoid dependency on Russian supplies. The narrative in Europe is shifting towards a 'war economy' mindset, urging reduced energy consumption. The G7's varied positions, particularly Germany's concerns about inflation and economic repercussions, are also discussed.

What preparations are being made by European countries in anticipation of potential energy shortages this winter?

How are public opinions being shaped in Europe regarding energy consumption as winter approaches?