RE: Iron Ore Futures2 Mar 2022 14:52
Gambier. I haven't always agreed with your posts but in this case I do. Europe is now hurriedly reviewing its energy strategies. Some countries are 100% reliant on Russia for gas and even Germany is 70% reliant. The UK abandoned its nuclear generating technical advantage in the 1960's and now has to rely on France and China for new power stations. We also have a limitless and entirely predictable energy source, tidal, but have failed to develop it due, in a large part, to environmental objections. Outsourcing 'dirty' industries does nothing to help the environment, it's just greenwashing. I genuinely hope that whatever the outcome of Putin's criminal invasion of Ukraine, it along with Belarus remain pariahs in the future. Russia, aka Putin, went unpunished for its actions in Chechnya, Syria and Crimea, so the current sanctions on its leadership and institutions is long overdue.