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Transcript: How Bad Will the Energy Situation Get in Europe?

How much is there still to do?

Storage tanks at the Leuna refinery and chemical industrial complex.

Storage tanks at the Leuna refinery and chemical industrial complex.

Photographer: Krisztian Bocsi/Bloomberg

Energy prices remain sky high in Europe. And collectively, governments are attempting to ration energy consumption so they have enough power to make it through the winter. But how bad will it be? Will anyone be forced to shut off power? And how long will the crisis last? On this episode of the podcast, we speak with Bloomberg Opinion columnist Javier Blas and fund manager Alex Turnbull for some perspective on what to watch with energy this winter. The transcript has been lightly edited for clarity.

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