Exactly a year ago, Russian tanks rolled into Ukraine, starting a war that shocked the world and triggered a chain of events that transformed the global energy market.
Supplies to Europe, traditionally the biggest buyer of Russian energy, have dropped off a cliff while Asian nations such as China and India are snapping up record amounts at discounted costs. "The trends that we saw in Asia in 2022 are likely to continue this year, with China and India importing large volumes of crudes from Russia," said Lim Jit Yang, adviser for Asia-Pacific oil markets atRussia has repeatedly weaponized its natural gas flows in response to western sanctions, totally shutting off flows through the Nord Stream 1 pipeline in a bid to crater Europe's economy.
"We have completely got rid of our dependency on Russian fossil fuels. It went much faster than we expected," she said. In the immediate aftermath of the invasion, economists panicked that Russia would be able to trigger a full-blown energy crisis in Europe because its natural gas is so central to the continent's economy.
Isn't that an objective of the Green Movement to make fossil fuel energy expensive.
My friend😎.