by Summary:
Oil, geopolitics and the petrodollar."It's the energy, stupid." Economics run on energy.This was entirely predictable as a result of the policy to address climate change through ESG. This resulted in less investment in non-renewable energy resources, which will still be needed in relative abundance through a transition that will take a relatively long time under the best of circumstances. Instead the world is facing the worst of circumstances, war and preparation for war. Militaries are notorious for the amount of carbon fuel they require for training, let alone actual operations.As M. K. Bhadrakumar observes, this is really an economic war in which real resources are key rather than financial resources. An advantage of economic warfare is that it is non-violent. The problem with it is
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Oil, geopolitics and the petrodollar.Oil, geopolitics and the petrodollar."It's the energy, stupid." Economics run on energy.This was entirely predictable as a result of the policy to address climate change through ESG. This resulted in less investment in non-renewable energy resources, which will still be needed in relative abundance through a transition that will take a relatively long time under the best of circumstances. Instead the world is facing the worst of circumstances, war and preparation for war. Militaries are notorious for the amount of carbon fuel they require for training, let alone actual operations.As M. K. Bhadrakumar observes, this is really an economic war in which real resources are key rather than financial resources. An advantage of economic warfare is that it is non-violent. The problem with it is
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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"It's the energy, stupid." Economics run on energy.
This was entirely predictable as a result of the policy to address climate change through ESG. This resulted in less investment in non-renewable energy resources, which will still be needed in relative abundance through a transition that will take a relatively long time under the best of circumstances.
Instead the world is facing the worst of circumstances, war and preparation for war. Militaries are notorious for the amount of carbon fuel they require for training, let alone actual operations.
As M. K. Bhadrakumar observes, this is really an economic war in which real resources are key rather than financial resources. An advantage of economic warfare is that it is non-violent. The problem with it is that it is a path to kinetic warfare as competition for scarce resources intensifies.
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MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.