Russia Is too Big to Be Sanctioned on Energy: FGE's Fesharaki

The video discusses the complexities of sanctioning Russian oil and gas, highlighting the global dependency on Russian energy, especially in Europe. It explores the potential impact of geopolitical tensions, such as the Ukraine crisis and the Iran deal, on oil prices. The discussion includes Western sanctions on Russia, historical parallels to the 1970s energy crisis, and Europe's significant reliance on Russian gas. The video also addresses the challenges of redirecting LNG supplies from the US to Europe due to long-term contracts.

What are the implications of not sanctioning Russian oil and gas for the global market?

How does the current geopolitical situation affect oil prices according to the discussion?

What factors contribute to the tightness of the global oil market?

In what ways can Western countries respond to rising oil prices due to the situation in Russia?

Why is it said that Europe cannot survive without Russian gas?

What parallels can be drawn between the current energy crisis and the energy shocks of the 1970s?

What are the long-term implications of the dependency on Russian energy for Europe?