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I would like to be as optimistic as you but this seems contrary to the article and the comments in that thread suggesting the sanctions on oil still have not sh

• nmehner 5y ago
  That is if you see sanctions as an all or nothing approach. For Europe the approach will have to be to reduce consumption step by step. This is not as glorious as stopping all imports in one day, but it will hurt Russia nevertheless. Also this process already started before the current crisis. In Germany heat pump sales have been exploding : https://www.waermepumpe.de/fileadmin/_processed_/2/4/csm_Diagramm_Absatz_WP_2002-2021_9e7c2c0a61.png https://www.waermepumpe.de/fileadmin/_processed_/2/4/csm_Dia... . In Norway the share of electric cars in new cars is at 85% and 16% of the existing fleet is already electric. This starts to become visible in oil consumption for traffic as well: https://www.ssb.no/en/energi-og-industri/olje-og-gass/statistikk/sal-av-petroleumsprodukt https://www.ssb.no/en/energi-og-industri/olje-og-gass/statis... (although the economic recovery after Covid masks this somewhat). In all of Europe 10% of all new cars are electric and that share will increase fast. The article only looks at the supply side of things, but long term the more important part is demand. These changes won't effect the outcome of the current crisis, but for Russia the coming decade will show what foolish decision this invasion was and future leaders will hopefully think twice about destroying their own country.