Quote:
Originally Posted by Rutuu
I have full faith in western nations to pick up the slack in the commodity markets. We've seen $150+ oil before.
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We have the resources and ability, but it will take time and require a serious about-turn in policy from leadership, because the West is its own biggest enemy right now in terms of energy security (We've all heard about Germany's many mistakes, but here in NA we're not that much better... I mean just last week the Biden administration put a pause on new oil and gas leases).
I know climate change is an important consideration, but the West's myopic focus on it is coming at a severe cost to energy security. Two decades ago Europe exported more gas than Russia does today. Do we think Russia would be emboldened to do what it did if Europe wasn't so beholden to them?
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