Energy molecules are moved by pipeline or tanker, from whence they came, to the point at which it is consumed. The modern global economy was built on this premise. Industrialisation led to greater demands on resources, which led to the exploitation of faraway fields, which helped fuel further development, which in turn led to demands for even more resources. Germany in particular, stands out as an economy whose comparative advantage was built on access to cheap Russian fossil fuel molecules, securely transported thousands of miles.
The battle for Europe's industrial sovereignty
The battle for Europe's industrial…
The battle for Europe's industrial sovereignty
Energy molecules are moved by pipeline or tanker, from whence they came, to the point at which it is consumed. The modern global economy was built on this premise. Industrialisation led to greater demands on resources, which led to the exploitation of faraway fields, which helped fuel further development, which in turn led to demands for even more resources. Germany in particular, stands out as an economy whose comparative advantage was built on access to cheap Russian fossil fuel molecules, securely transported thousands of miles.