Saturday, March 19, 2022

EUROPE'S GREEN ENERGY POLICIES BOUGHT RUSSIA'S WAR MACHINE

     Even if you think Russia has some legitimate grievances, this war thing is not good. M’kay? It’s a horrible waste of life and property, and it will hardly just be the civilians of Ukraine and Russia paying a steep economic price. But it would never have happened if Russia couldn’t afford the world’s third-largest military — with only the 11th-largest GDP. Where is it getting the hard currency to oil that war machine (pun intended)? It’s essentially fossil fuel exports to our NATO allies, and especially the largest of them, Germany. And yes, even some exports to the United States.    

   Russia is the world’s second-largest fossil fuels producer, behind only the United States. But America consumes most of its fossil fuels itself, with more than double Russia’s population and much greater use per capita. In terms of exports, for petroleum Russian ranks second worldwide, for gas first, and for coal third. And it looks even better against the competition when you consider that even as the U.S. exports a lot of oil and gas, it imports a lot as well.


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