BRICS Is Bringing On The Energy Wars \ stacker news ~econ

pull down to refresh

1086 sats \ 17 comments \ @TomK 1 Jan econ

The geopolitical landscape undergoes a profound transformation as the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran officially join BRICS, solidifying its standing as a formidable force. Together, these nations propel BRICS to control 29% of global GDP and a commanding 43% of worldwide oil production.

The energy wars are on. Fight for real collaterals will be crucial meanwhile the EU is trying to stay at the table of importance by forceing others into their infantile system of (climate) moralism.

view all related items

251 sats \ 11 replies \ @Undisciplined 1 Jan

If only the bulk of North America weren't run by a bunch of anti-petroleum and anti-nuclear morons.

283 sats \ 0 replies \ @TomK OP 1 Jan

Last year of the Davos crowd's dominance. Soon the pendulum will move to the opposite. Stay strong

0 sats \ 9 replies \ @Lost_dogz 1 Jan freebie

Are you aware that North America is the world biggest oil and gas producing region?

25 sats \ 1 reply \ @JesseJames 2 Jan

F oil, run nukes as energy.. problems solved, no more wars.... well, that would be too logical, so most likely it wont happen...lol

0 sats \ 0 replies \ @TomK OP 2 Jan

They are building a lot new capacities. Nukes are the future

25 sats \ 2 replies \ @Lost_dogz 1 Jan

This only makes energy independence for the EU more important than ever. Since the EU is not sitting on massive fossil reserves, renewables make a lot of sense for many use cases. Oh, it's also cheaper

0 sats \ 1 reply \ @TomK OP 2 Jan

Nukes. Only nukes. Renewables can't survive without subsidies

100 sats \ 0 replies \ @Lost_dogz 2 Jan

I don't know man, subsidies for oil and gas are orders of magnitude larger than for renewables, yet the cost for fossil fuels only increased (which makes sense because easily extractable fossils are getting depleted), whereas the cost of renewable has dropped by 90% in 10 years.

In some places it's already cheaper today to build new renewable plants than to run existing fossil power plants.

You may not like it for ideological reasons, but the free market doesn't care