an energy emergency? energy companies across the continent warn of higher prices. limited rationing is already under way in germany as the supply from russia starts to drop off. in america, they ve released more oil to the market but is it enough to keep us all going? with more sanctions and cold weather on the way, are we looking at a perfect storm for the energy market? i m going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in ukraine. wherever you rejoining me from around the world once again a big hello and a warm welcome to the show. you know, t
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those cargoes to asia as long as those cargoes are price cap. price capped. so russia would get far less money for the oil and as such a price cap arrangement. and, helima, how bad could it get in europe, injanuary when the full sanction hit? i mean, i think this is really the most important question, in terms of the potential recession impacts of the war, is what s going to happen in europe? with gas in particular, we re actually watching for what happens onjuly 22nd. the all important nord stream i pipeline which brings russian gas to europe, that is down for maintenance right now. there are real questions about if that pipeline actually reopens on july 22. while the russians find a reason to essentially further reduce gas flows into europe? right now is a time and actually european countries should be building inventory is ahead of winter. there