Hmm, china currently thinks it can get 60% of iron need from domestic production, steel scraps and ownership of foreign mine. If there is a decoupling, china will really be depending on both Russia and Afghanistan. It also needs Russia for copper. I bet there are a lot more stuff in Siberia that they haven't discovered yet. As green energy continue to gain importance, I think there will be more exploration effort toward finding stuff like lithium, iron, rare earth and copper in Russia.
Europe is under the thumb of Arabs, Israel, Turks and US. All of them are shafting it and it does not even know it.
Europe cannot sort it out. Europe is complete landlocked for resource purpose and it has no water storage potential or lowering the cost of electricity for production. crimes and strikes are increasing in Europa.
Russian didnot invest in tourism or semiconductors the same way as Europa untill recently. but once it start investing results will start show up just like Aerospace and Agriculture.
Self-sufficient you say. But Europe is not self-sufficient in terms of energy production. It is a net importer of energy. And raw materials.
1 year is not realistic. Only in the heads of idiotic politicians who have not bothered looking at the numbers.
Lower compared with what? Oil from the Middle East which has to pass through the Suez Canal or the Cape routes will be much more expensive than Russian oil would have been in transportation costs. And Russia plans to use the Arctic routes to supply East Asia, and possibly will supply India via Iran and the Caspian. Meanwhile the European air transport industry has basically lost competitiveness against Middle Eastern and Far Eastern air carriers because of Russian counter-sanctions on air transit via the Russian Federation.
Europe's semiconductor industry isn't that great either. And market available semiconductors are good enough for industry purposes.
Europe is going to get the oil and gas supply situation sorted mostly by decreasing demand through deindustrialization. There's no way to get around it. LNG terminals take 3-5 years to build. They need to increase import capacity 30x to use LNG to match the Russian pipeline shortfall. They cannot increase this within 3 years.
Europe is going to get the oil and gas supply situation sorted mostly by decreasing demand through deindustrialization. There's no way to get around it. LNG terminals take 3-5 years to build. They need to increase import capacity 30x to use LNG to match the Russian pipeline shortfall. They cannot increase this within 3 years.
Europe also doesn't have much of a semiconductor industry. Their domestic semiconductor industry is far inferior to China's in both tech and capacity, as their only <14 nm fabs are Intel Ireland and GloFo Dresden.
without Russian titanium . Airbus will close down production. and if Airbus cannot make planes than Arabs will further tighten the screws.
I read an article that there arent enough copper for the green revolution.
