by Peter Zeihan on December 7, 2022
Unless you live under a rock, you’ve probably heard that Europe has placed a $60 price cap on Russian crude exports.
This is uncharted territory for EVERYONE, so I’m not here to predict how all this will play out. Instead, I want to lay out the matrix of factors that you should keep top of mind as this unfolds.
But the real fun is a “Red Pill” moment: The single global price for crude that we’ve all enjoyed for the last 85+ years…GONE. Meaning that global shipping becomes riskier and riskier by the day.
In terms of energy, we are well on our way to how things were in the 1930s. Exciting right?