{"id":63715,"date":"2022-10-06T17:37:02","date_gmt":"2022-10-06T22:37:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63715"},"modified":"2022-10-06T17:37:02","modified_gmt":"2022-10-06T22:37:02","slug":"museletter-349-after-the-ukraine-invasion","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63715","title":{"rendered":"Museletter #349: After the Ukraine Invasion"},"content":{"rendered":"<div>\n<div id=\"card-3575\" class=\"article-card squarebig under-header \">\n<div class=\"inner\">\n<div class=\"image-cover\">\n<div class=\"frame-inner\">\n<div class=\"inner\">\n<h3><a class=\"title ajaxlink\" title=\"Museletter #349: After the Ukraine Invasion\">Museletter #349: After the Ukraine Invasion<\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"primary\" class=\"content-area\"><main id=\"main\" class=\"site-main\" role=\"main\"><\/p>\n<article id=\"post-3575\" class=\"post-3575 post type-post status-publish format-standard has-post-thumbnail hentry category-essay category-museletter grow-content-body\">\n<div class=\"entry-content\"><em>This month has seen the start of a historic and tragic invasion. In this month\u2019s Museletter I\u2019ve examined some of the Ukraine war\u2019s likely implications for energy, economy, and geopolitics. Meanwhile, in a second piece Museletter maintains its gaze on an even bigger picture\u2013what we humans are doing to the planet and how we might best shift our policies even at this late date to preserve a livable climate.<br \/>\nBest wishes to you, and peace to us all.<br \/>\nRichard<\/em><strong>After the Ukraine Invasion: Sobering New Global Energy-Economic-Political Terrain<\/strong><\/p>\n<p>Russia\u2019s invasion of Ukraine, and the West\u2019s response, are ushering the world into a new energy, economic, and political era. In broad outline, this new era will have less-globally-integrated energy markets, and less-secure supplies of fossil fuels. Since energy is the irreducible basis of all economic activity, this translates to a precarious global economy and a likely reordering of national alliances. We are, in short, living through a moment that may be as politically and economically transformative as the World Wars of the 20<sup>th<\/sup>\u00a0century, though with little likelihood of an outcome anywhere near as desirable as the boom decades of the 1920s or 1950s.<\/div>\n<div><\/div>\n<div class=\"entry-content\"><strong>Energy<\/strong><\/div>\n<div class=\"entry-content\">\nWe begin with energy, since all else flows from it. The following would seem to be a small news item in comparison with other events and risks detailed further below, but it\u2019s emblematic of the new era we\u2019re entering.Major oil companies, including\u00a0<a href=\"https:\/\/www.reuters.com\/business\/energy\/exxon-mobil-begins-removing-us-employees-its-russian-oil-gas-operations-2022-03-01\/\" target=\"blank\" rel=\"noopener\">ExxonMobil<\/a>,\u00a0<a href=\"https:\/\/www.npr.org\/2022\/03\/01\/1083659975\/oil-majors-pull-out-of-once-promising-russia\" target=\"blank\" rel=\"noopener\">Shell, and BP<\/a>, have announced that they will cease collaborating with the Russian petroleum industry, which includes state-owned energy giants Lukoil and Gazprom. This will likely have implications more far-reaching and long-lasting than President Biden\u2019s ban on imports of Russian oil and gas to the US&#8230;\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Museletter #349: After the Ukraine Invasion This month has seen the start of a historic and tragic invasion. In this month\u2019s Museletter I\u2019ve examined some of the Ukraine war\u2019s likely implications for energy, economy, and geopolitics. Meanwhile, in a second piece Museletter maintains its gaze on an even bigger picture\u2013what we humans are doing to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[1081,694,821],"class_list":["post-63715","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-richard-heinberg","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63715"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63715\/revisions"}],"predecessor-version":[{"id":63716,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63715\/revisions\/63716"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}