Some asshole russian died in a russian jail... Oh the HORROR!
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De-Globalization: New Supply Chains Are Inefficient and Will Drive Up Inflation
De-Globalization: New Supply Chains Are Inefficient and Will Drive Up Inflation De-globalization is underway. A key ramification is higher inflation. MISH APR 4, 2022 EU Existing Gas Supply The EU gets about 40% of its total natural gas supply from Russia. That gas gets to EU countries over existing pipelines. Russia and the EU just finished an an additional pipeline, Nord Stream II, to supply even more gas to Europe. After Putin invaded Ukraine, the EU set a goal of getting no natural gas from Russia. Proposed Gas Supply Instead of using existing pipelines over short distances, the EU wants the US to deliver Liquified Natural Gas (LNG) via shipment across the Atlantic Ocean to Europe. This is far more expensive and will require more LNG terminals. The US Greens are not exactly happy about the US fracking more natural gas. And how much energy is lost compressing and transporting LNG to Europe? It's not as is Russia will be unable to sell its natural gas. Russia and Chi...