π§π²π» ππ΅πΆπ»π΄π πΆπ π³πΌπ°πππ²π± πΌπ»π² πΌπ»π² ππ΅πΆπ»π΄ ππ΅πΆπ ππ²π²πΈ - ππ΅π² ππΌπΏπΊππ ππ²π±π΄π².
It is a fool's errand to make predictions or grand claims during the fog of war. I'll leave that to others.
What seems evident, however, is that the geopolitical risk of fossil fuel dependency has never been more clear.
One could have precisely zero concern about carbon emissions and still look at fossil imports as something that present permanent strategic weakness.
What's different during this shock - compared to 1973 or 1979 - is that we have a compelling, viable, and de-risked alternatives at scale.
But the question I'll end with is full of self-interest: what will this do to the price of Lego?
Previous oil shocks changed demand trajectories.
Will we see more more downward pressure on this trend?
This is not just about oil.
The midterm elections are 7 months away.
Some companies are going to enjoy enormous windfalls.
If only BP had actually meant it when they said βbeyond petroleumβ.
Pakistan was already embracing the energy transition.
China uses a lot of electricity for industryβ¦.
β¦ But very little for residents.
Iβm doing my part. Are you?
