3 claims in “geopolitics, energy, economics”
The energy transition is one of the greatest drivers of geopolitical risk in the coming decades and will probably dwarf the impact of the pandemic and Russia's invasion of Ukraine on geopolitics because it involves remaking the entire global energy system—how we generate, use, store, and ship energy—which is the backbone of the global economy over a few short decades.
The Iran conflict creates economic opportunity for Russia because it increases global oil prices, which raises revenue from Russian oil exports and thereby funds Russia's war in Ukraine.
Canada is an energy superpower with the third-largest hydrocarbon base in the world, major oil and gas production, hydropower, nuclear technology, and enormous resources coast to coast; there's no reason Canadian citizens shouldn't be amongst the world's wealthiest, yet they are struggling deeply.