{"id":4080,"date":"2022-07-11T12:31:36","date_gmt":"2022-07-11T10:31:36","guid":{"rendered":"https:\/\/blog.cerge-ei.cz\/?p=4080"},"modified":"2022-08-22T12:47:56","modified_gmt":"2022-08-22T10:47:56","slug":"silvester-van-koten-we-need-to-address-the-shortage-of-oil-and-gas","status":"publish","type":"post","link":"https:\/\/blog.cerge-ei.cz\/?p=4080","title":{"rendered":"Silvester van Koten: We Need to Address the Shortage of Oil and Gas"},"content":{"rendered":"<p>Russia\u2019s invasion of Ukraine has\u00a0boosted the already high prices of oil and gas in the European Union. How come the energy situation in the EU is so dependent on Russia? What are the prognoses for energy costs and related costs of living for the near future? In\u00a0<a href=\"https:\/\/open.spotify.com\/episode\/6UvBqKlOEI5uS1E2XOrSfs\">Talking Economics<\/a>, Katar\u00edna Stehl\u00edkov\u00e1 chats with <strong>Silvester van Koten, <\/strong>a CERGE-EI PhD in Economics alumnus, about War on Ukraine\u2019s effect on European energy.<!--more--><\/p>\n<p><em>\u201cThe main factor that impacts the market is the fact that Europe and America and allied countries have decided to stop buying gas and oil from Russia. We see an effect everywhere. Oil prices are higher, gas price is 10 times the normal price and increasing. This also reflects on electricity costs, because electricity is always set by the most expensive producer and this is usually gas,\u201d\u00a0<\/em>Silvester explains:\u00a0<em>\u201cThe problem is not directly the high prices, but what high prices indicate and that is oil and gas shortages.\u201d<\/em><\/p>\n<p><a href=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/07\/DSCF1713.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4081\" src=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/07\/DSCF1713.png\" alt=\"\" width=\"670\" height=\"393\" srcset=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/07\/DSCF1713.png 670w, https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/07\/DSCF1713-300x176.png 300w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\" \/><\/a><\/p>\n<p>Silvester van Koten is a CERGE-EI PhD Alumnus and senior researcher at the Faculty of Social and Economic Studies, University of Jan Evangelista Purkyn\u011b. He specializes in Energy Economics and Economics Experiments with a special interest in economics of electricity markets, renewables, and regulation.<\/p>\n<p>You can listen to\u00a0<em>Talking Economics<\/em>\u00a0on\u00a0<a href=\"https:\/\/open.spotify.com\/episode\/6UvBqKlOEI5uS1E2XOrSfs\">Spotify<\/a>,\u00a0<a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9hbmNob3IuZm0vcy81NGY1YzFlNC9wb2RjYXN0L3Jzcw\/episode\/Y2MzYWEzYmQtNzY4OS00ZjEzLWE2YjQtYTEzMjg4MzIzZDk2?sa=X&amp;ved=0CAUQkfYCahcKEwiIreSStNX4AhUAAAAAHQAAAAAQAQ\">Google Podcasts<\/a>,\u00a0<a href=\"https:\/\/podcasts.apple.com\/cz\/podcast\/silvester-van-koten-we-need-to-address-the-shortage\/id1573541847?i=1000568273854\">Apple Podcasts,<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=47vpXPE0svs\">YouTube<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s invasion of Ukraine has\u00a0boosted the already high prices of oil and gas in the European Union. How come the energy situation in the EU is so dependent on Russia? What are the prognoses for energy costs and related costs of living for the near future? In\u00a0Talking Economics, Katar\u00edna Stehl\u00edkov\u00e1 chats with Silvester van Koten, &hellip; <a href=\"https:\/\/blog.cerge-ei.cz\/?p=4080\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Silvester van Koten: We Need to Address the Shortage of Oil and Gas<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":4082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149,226],"tags":[16,20,73],"class_list":["post-4080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni","category-talking-economics-podcast","tag-cerge-ei","tag-economics","tag-interview-2"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4080"}],"version-history":[{"count":2,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4080\/revisions"}],"predecessor-version":[{"id":4106,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4080\/revisions\/4106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/media\/4082"}],"wp:attachment":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}