Post #4325489
2026-08-02 07:25 UTC
…3. The large commodity producers will probably flip into hoarding at some point:
“I think the next response out of the US would be to ban exports of [oil and gas] products”
Which will be fun for countries like the UK that gets close to a third of its oil from the US 😬
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4. Pollution: “even the Soviet Union didn’t want this stuff in their backyard ’cause it’s polluting, it’s toxic, it’s terrible. Let the Chinese do it. The Chinese will do anything." That’s what the Russians told me.”
Replies (1)
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@urlyman@mastodon.social 2026-08-02 07:32
…5. Blocs: “The US is the largest energy* source, but it doesn’t have metals. Russia has both metals and energy. China has metals, but no energy. So those are your three largest commodity producers.” (*When we and people like Jeff talk about ‘energy’ in this way what we actually mean are commodities capable of *power-generation*)