Ukraine Has Discovered the Price of Digital Dependence
Ukraine has spent four years proving that technology can compensate for military disadvantage. It is now discovering that the same technology can also create a...
Category: UKRAINE & RUSSIA
The Price of Cheap Diesel
Donald Trump’s agreement with Vladimir Putin on Russian diesel is being presented as an energy solution. It is really a test of priorities. The White...
The Next Oil Shock Will Not Be About Oil
The world is not running out of crude. It is running short of the fuels made from it. Russia is preparing to extend its ban...
Germany’s Russia Question Is No Longer About Gas
The rise of the AfD in eastern Germany is usually presented as an electoral story. It is becoming an economic one. Its 44% result in...
Ukraine Is Entering the Escalation Trap
The war in Ukraine is moving into a more dangerous phase, not because Russia is suddenly winning or because nuclear war has become likely, but...
The Next Supply Shock Is Already Underway
The next inflation shock may not begin with oil. It may begin with diesel shortages in Russia, dry fields in Europe and a growing inability...
The Black Sea Is Becoming the World’s New Supply Chokepoint
For most of the war, the economic significance of the Black Sea was measured through energy. Oil terminals, pipelines, refineries and Russia’s ability to finance...
Frozen Continent, Bought Fire: How Europe Paid for Its Own Gas Delusion
American natural gas has just punched through the $6 mark for the first time since 2022. A polar blast swept across the United States, froze...
Peace by Dismemberment: The West’s New Ukraine Doctrine
A 28-point “peace plan” drafted by American and Russian envoys would require Ukraine to surrender vast swathes of territory currently occupied by Russia, cap the...