In this episode of The Long Run Show, we are going to be talking about energy , how effective the sanctions will be on Russia in the long run. Hosted By:Austin WillsonMichael O'ConnorTranscript:welcome back to another episode of the long run show. This is Austin Wilson. I'm here with my cohost. Michael O'Connor. And today we are going to be talking about energy very timely subject at the, as we're recording this, there's the whole Russia, Ukraine, conflict, war invasion, aggression, whatever you want to label it happening over in Europe and obviously with Russia being one of the top producers of natural gas and.In the global economic system we thought this would be a very timely subject. We've been wanting to talk about energy for a while though. Mike and. This is just there's a lot going on. There's talks of sanctions being thrown around. And how is that going to impact European countries in the U S and Western countries. So China's role in all that is, there's a lot of moving parts here and some interesting solutions as well, maybe. We don't know all of those. But we'll just talk through that and try to think through what this means for oil stocks or companies and anything related to oil, which has everything.So it's true. That's a good way to put it. And like you said, we've been talking about this for a while. We've hinted at we've definitely run into your energy discussions, especially in our ESG one the whole. Green energy thing. And then all that, there's a lot of been a lot of different opinions and different kinds of paths that different companies and especially national governments have taken. We've seen countries in the last decade, really abandoned nuclear war. I don't know. I pretty severely disagree with it's clean, enormous amount of energy. You're not necessarily reliant on other countries to supply the fuel. Maybe you don't have uranium mines, but you usually can usually pretty dependably get uranium as a national government.So it's that's a whole thing. I'm a big nuclear guy. I think I've heard that you are as well. So we might, this would be maybe one where we're not really adversaries at all. We're just agreeing and on our soap box, but. Hey, what's a podcast for if not a soapbox. Exactly.So it's been interesting though to watch okay. We've seen different, like energy has driven. Or it's driven the us going into the middle east and mulling around, over there doing different things. And so it drives a lot of foreign policy but also I think that the less more.Commodity gas. As far as energy goes, that's very important for heating homes and businesses, and a lot of different things. Obviously oil touches everything. Just about everything you've touched during the day has something to do with oil because of plastic and parts and.Yeah, literally everything. My, my phone case here is got oil in it. The cord that's connecting my headphones to my laptop's got oil in it, essentially. It's in everything, but natural gas is also a huge factor as well, especially if we're talking Europe, they get a lot of their natural gas, like Poland to Germany, get a lot of natural gas from Russia.And what is this whole conflict due to those supplies? It's the middle of winter, so you're going to need to heat your home, whether you're in Southern Europe or Northern Europe and natural gas is is one of the things it's not a lot of people with. At least in Europe that I know of maybe some more in, in the Nordic countries with their interesting cozy hygienic, he, I forgot how to pronounce it quickly or something like that.Yeah. Going to pronounce that, but a nice cozy wood burning furnace. Yeah, exactly. So I think of the two almost at this point, as far as energy goes, Natural gas is something that hasn't been explored as much. Now I know that doesn't drive as many economic outputs, but it is definitely from the consumer, like direct directly of consumer impact. That is definitely a factor that I think hasn't been talked a lot. What are your thoughts there on the natural. End of things. That's an interesting point because we definitely live in a very oily world. We're very, everything's viscous and wonky but that's a good point. I In order to so many, I'm a big.Cooking guy. I like gas more than electric stove top. I'm a big gas ranger fan. I love my natural gas Austin. I'll tell you what. And so the heat a house or to cook a steak like that is such a huge those are two very basic survival necessities heat. You got to stay warm to stay alive.You got to eat to stay alive. Now you could just eat refrigerated foods instead of cooking steaks. But what's life that a good steak net here. And again, maybe I'm vegetarian listeners but Hey you could roast some nice broccoli or something with that, but here's the thing.Even if you're roasting some nice broccoli or eating raw refrigerated foods, your refrigerator uses natural gas. ...
