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That it will have any effect on inflation one way or the other. biden says it will bring down inflation. republicans say it will jack it up. i think it's probably going to have negligible impact. i'm not terribly worried about that. the corporate greed stuff, i just think this is nonsense. it's political posturing. it's demagoguing. it's easy to claim that there's a villain out there and that's what's driving up these prices but it's the fact that demand is up and supply is constrained. corporations are always greedy. it's not like all of a sudden in the last year they remembered, oh, gee, i'm...

This will end our over—dependencyj and give us much—needed room to manoeuvre. two thirds by the end of this year. it's hard. russia supplies the european union with two—fifths of the gas it uses. for crude oil, it is a quarter of total supply. looking at gas, there is 155 billion cubic metres from russia keeping europe warm. it can be cut this year, says the eu, by diverting 50 billion cubic metres of russian supply of shipped gas to alternative suppliers such as qatar and the us. a faster renewable energy roll—out could save 20 billion this year and turning down thermostats across eur...

End of this year and it will be completely gone within seven years, how can you convince me that you have a worked out plan to make that happen? well, because the impact on the economy is not coming only from revenues from importing fossil fuels, the banking sector is down, four sets of sanctions have targeted different revenues and they will lose two thirds of revenues also from fossil fuels. this will not be something that european union will easily achieve. because indeed, last year for example, with natural gas, we imported 155 billion cubic metres of natural gas. and now travelling around...

Russian oil will no longer be acceptable at us ports in the american people will deal another powerful blow to putin's war machine. this is a move that has a strong bipartisan support in congress and, i believe, in the country. americans have rallied to support their ukrainian people and made it clear we will not be part of subsidising putin's war. maybe the more important announcement came in brussels. every year, 155 billion m3 comes. the eu says it will cut two thirds. it will be sourced from other countries. they will accelerate the switch to renewables that will save a further 20 billion,...

Russia supplies the european union with 40% of the gas it uses. and for crude oil, it is 25% of total supply. looking at the gas, there is 155 billion cubic metres from russian pipelines keeping europe warm. the eu plans to switch a third of that to gas ships from other countries, such as qatar or the us. then there's a faster roll—out of renewables such as solar and wind. and turning down thermostats across europe by1 degree also helps. overall, the plan is to reduce russian supply to 50 billion cubic metres this year, but without an actual eu ban on russian energy. britain is far less depe...