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DolphinPrince t1_j80mzrg wrote

If the West didn't gut its nuclear energy production this wouldn't be such an issue. Relying on other nations to meet your energy needs seems like such a massive risk.

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izit23 t1_j80v0p7 wrote

> the West

Well you can be more specific:

"Thus, even if solar or nuclear technologies were to be considered viable alternatives, they would not really displace fossil fuel energy for the next 40 to 50 years."

-- Exxon report written 40 years ago: https://www.documentcloud.org/documents/2805576-1982-Exxon-Memo-to-Management-About-CO2 page 24

They knew.

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Pm-mepetpics t1_j816qpo wrote

Give them credit they’ve been very successful in downplaying the climate crisis and slowing down the shift to renewables. The cunts.

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der_titan t1_j80p61e wrote

I don't think it's that easy. Russia enriches more than half of the world's uranium and today exports 15% of the US' total uranium purchases. The world's largest producer (Kazakhstan) is a landlocked former Soviet state that moves its uranium through Russia's borders.

Russia also builds and maintains most of the world's nuclear plants.

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decomposition_ t1_j80ps9u wrote

Don’t forget about the Caspian Sea! It can carry cargo. It doesn’t necessarily have to go through Russia proper.

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der_titan t1_j80spz6 wrote

They still have to transship through another country, because they don't have access to the ocean - and it's not as if they're surrounded by stable or western friendly countries. Plus Kazakhstan traditionally has quite strong relations with Russia, though it should be noted Kazakhstan is supporting Ukraine.

Regardless, the world's largest enrichment facilities are in Russia. They are expensive and take many years to build - the US only has one enrichment facility itself. For the foreseeable future, Russia is a major player with nuclear power generation.

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gaukonigshofen t1_j80gphg wrote

one way to increase prices

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der_titan t1_j80qdcc wrote

The easiest and most effective way. That's all OPEC really does - it's easier to manage supply than it is demand.

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Yelmel t1_j822lu4 wrote

Especially if you're a net producer.

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TheS3KT t1_j80yq8l wrote

Production dropped 5% futures price increased 2%. Mission accomplished Putin you did it.

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Varolyn t1_j81cv7n wrote

But Russia really won’t benefit from this. Urals is still selling much lower than Brent or WTI and cutting oil production will only hurt their own revenues.

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gaukonigshofen t1_j81oyof wrote

actually they do benefit. not financially. increase cost to consumers and increase consumer frustration

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lilrabbitfoofoo t1_j844s9b wrote

Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.

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lilrabbitfoofoo t1_j849yta wrote

Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.

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findingmike t1_j81t1vs wrote

Probably not going to have long-lasting effects since oil demand is also dropping.

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Yelmel t1_j823gue wrote

Watch them squirm...

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Cr33py07dGuy t1_j81fi74 wrote

OK that’s one more point to Mr. Zeihan. He’s still wrong about a bunch of stuff though hmff.

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silverfox762 t1_j81o9u8 wrote

Yeah, he's right about a bunch of stuff, he's just wrong that "it's all going to fall apart in a matter of days". Things will happen negatively, in many markets, but corporate profit motive in the west and Asia will do its damnedest to find other sources of whatever products and resources, and will find ways to mitigate things... and they will largely succeed. What will happen is wealthy people and wealthy countries will continue to be wealthy and get wealthier, and everyone else will gradually increase their speed circling the drain.

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