Commentary
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Our commentary partners will help you reach your own conclusions on complex topics.
Buyers of Russian oil making idiotic move
Hello, everyone. Peter Zeihan here coming to you from Colorado.
Today we’re gonna talk about the fact that energy markets are just at the very beginning of digesting just what the scale of the problem with the Ukraine war is.
Now, one of the things that we have seen is there have been a lot of people around the world for various reasons, coming from multiple backgrounds, talking about how, if the Europeans and the Americans just choose to not use Russian energy, that there is a figurative boatload of other people who are willing to do so.
In specific, the Indians and the Chinese have been fairly aggressive about going out and booking ships to pick up crude from various Russian ports, specifically Novorossiysk on the Black Sea, and then shuttling them to another location where they can be loaded onto larger super tankers to make the trip to India and China.
And that is true. That is happening. The scale is debatable, but it’s certainly occurring.
And the United States and the European Union are, let’s just say less than enthused about it.
But today, April 4th, a new wrinkle has entered in. The Russians have begun a large scale artillery, excuse me, not artillery, missile and airstrike assault on the city of Odessa.
Now Odessa is important for a number of reasons. It’s the last major port. It is the major port. It is the commercial capital. It is on the way to Moldova and Romania. A lot of things- we’re gonna put some links at the bottom of this newsletter to give you an idea of just how important Odessa is.
But the bottom line is it’s a port, and the Russians are specifically targeting refining port and tank infrastructure, which will, how can I put this delicately, lay bare the idiocy of any plans to export oil from the Black Sea to anywhere else on the planet writ large.
Because now we have the Russians specifically, explicitly going after port infrastructure and specifically energy assets.
So if your corporate plan or your national plan is to rely on the United States and NATO to make the seaways safe so that you can import Russian energy from a war zone where the Russians are bombing energy infrastructure, you should probably get a new gut job, you’re not very good at your current one. Anyway, that’s it for me until next time. Okay.
Previous pieces mentioned in the video:
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French troops moving into Ukraine could shake up Europe
At the outset of Russia’s full-scale invasion of Ukraine, French President Emmanuel Macron pursued a diplomatic resolution to the conflict. Recently, with the war still dragging on, Macron has adopted a far more hawkish position. On Tuesday, March 19, the commander of the French ground forces stated that his troops are prepared for deployment, indicating…
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Drones are revolutionizing modern warfare
Military technology has evolved rapidly since Russia’s full-scale invasion of Ukraine in February 2022. Drone technology, specifically, has emerged as a decisive new factor in modern warfare. Straight Arrow News contributor Peter Zeihan reviews the use of drones in the Russia-Ukraine war to understand how warfare itself is evolving today. The recent Ukrainian drone attacks…
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Are Japan’s rising interest rates signaling a return to normal?
Japan raised interest rates for the first time since 2007 from -0.1% to a range of 0%- 0.1%, ending an era of negative interest rates that was initiated years ago to help stimulate its struggling economy. The move came in response to rising inflation and wages. Straight Arrow News contributor Peter Zeihan argues that while…
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Deflation, not inflation, is the real economic risk
Over the past two years, concern over global inflation has made news headlines in every developed economy around the world. But the opposite risk — deflation — can also devastate modern economies. Straight Arrow News contributor Peter Zeihan is actually more concerned about deflation than inflation. Zeihan explains that while inflation can be self-regulating, deflation…
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How populations determine economic growth
Demographic momentum, roughly understood as a population’s ability to grow its economy over generations, is a key determinant for forecasting economic progress. For instance, the continent of Africa has mostly positive demographic momentum because the average age of the population is very young and can be expected to produce more and more wealth in the…
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In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum. We hope these different voices will help you reach your own conclusions.
The opinions published in this section are solely those of the contributors and do not reflect the views of Straight Arrow News.
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We know it is important to hear from a diverse range of observers on the complex topics we face and believe our commentary partners will help you reach your own conclusions.
The commentaries published in this section are solely those of the contributors and do not reflect the views of Straight Arrow News.
Peter Zeihan
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