Episode Summary

Europe Just Doesn't Have the Power

Europe’s energy crisis is getting worse, stoking inflation as well as fear of “conflict and strife” on the continent. Euro-area economic confidence dropped to a 19-month low in August, as France accused Russia of using natural gas as a “weapon of war.” Recent price action suggests investors are pricing in the demand impact on energy markets. Still, with European policymakers desperately seeking long-term solutions, the nuclear option is back on the table. Tony Greer, the founder of TG Macro, joins Real Vision’s Maggie Lake to talk about the energy crisis in Europe, the policy choices that contributed to it, what can be done now to fix things for the future, and how we can trade it. We also hear from Mark Nelson about why nuclear power will save Europe. Watch the full video featuring Mark Nelson and Andreas Steno Larsen here: https://rvtv.io/3cu9tiy.