It really does look like there's a good chance that US hegemony will be done in less than a year. All the things that people like me have been warning about economically and geopolitically are being triggered by the response to Ukraine. It's amazing. Amazing.
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Yes. It's also why Iran sanctions on oil/gas are about to be removed. Get Iranian supplies onto the market.
I'm not sure it's enough, but it's to mitigate.
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Feels like sanctioning the state-that-is-essentially-an-oil-and-gas-company when your entire bloc (except us) are net importers is maybe not a very smart move.
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it'll cascade thru a lot more than gas prices. Especially if they stop selling us all sorts of minerals for which they are the primary or secondary source. China, meanwhile, has just locked in a junior ally which fixes almost all of is major vulnerabilities.
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