If Europe was to lose all access to Russian oil there would be massive increases in cost per barrel.

This would in turn have a knock-on effect on the three areas of energy demand which are transport, heating and electricity.

Neale Richmond, Fine Gael spokesperson on European Affairs, Dr Muireann Lynch, Senior Research Officer on Energy Economics, ESRI and Fintan O’Toole, Irish Times Columnist joined the Last Word to discuss.

Catch the full chat by pressing the Play button on this page.