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Cake day: June 9th, 2023

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  • The West is not united on the issue. The EU got a hard lesson from Russia, that fossil fuel dependence is a massive problem. So you see actually quite large investments into the green transition. This is building on some good progress earlier. Obviously Trump doing what he does scares the EU, which currently imports way too much LNG from the US to easily replace. There is push back from the fossil fuel industry, but the laws in place and general direction are good. It is too slow however.

    The US as the other large Western power went in the other direction. They elected Trump and currently work on blackmailing the world using oil. This year alone, they bombed Iran, moved a massive fleet towards Venezuela and used sanctions to destroy Russian oil exports. So the three largest oil producers, who deliver a lot of oil to China and are not some sort of vassal to the US.





  • We are talking about $200B of Russian government assets in the EU. That is enough to pay the soldiers and workers in the military industry for some time until the economy can recover. Even if a lot is lost and lets be real that is happening with military spending as well.

    Right now Russia has massive fuel shortages all over the country, the coal industry is collapsing, there are rolling black outs in some regions and high inflation. The base for recovery is pretty low. Add fossil fuel exports to the West at global higher prices and it goes a long way. Nothing some good propaganda can not handle.