Europeans who are retired or can work remotely would do well to start looking to spend winter in Turkey (on the Mediterranean side).

Russia no longer has any interest in negotiating all one needs to do is listen to the rhetoric emanating from its leaders. Energy wars that fall under the Geopolitical news umbrella will serve as the trigger for the next, albeit a more potent downward move. However, by far and large, Europe’s heydays are gone. Only two options are left: resist and die, beg, and possibly stabilise. Russia is no longer interested in the West therefore, by default, it will want to punish those that tried to seek its demise. Net-net, this makes Russia the World’s largest exporter of Natural gas. is the World’s largest producer of Natural gas (production may have inched higher in 2022 due to Biden’s contribution), it also is the World’s largest consumer. During this time, despite all the tensions between the West and Russia, it remained a reliable supplier.Įven though the U.S. For almost 60 years, Europe’s industrial prowess revolved around a straightforward tenet of cheap, reliable energy. Overall, Europe consumes a large percentage of natural gas and oil. This chart is one of many reasons that Europe is in trouble.

Against this backdrop, the best solution is a compromise. While it might be noble to support Ukraine, one has to factor in the untold economic cost and hardships these sanctions have caused and will cause to the citizens of these nations. In Geopolitical news, the most significant development is Europe’s ongoing and worsening energy crunch due to the sanctions they applied on Russia.

Goro pancakes