{"id":67359,"date":"2024-04-17T14:48:38","date_gmt":"2024-04-17T19:48:38","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67359"},"modified":"2024-04-17T14:53:38","modified_gmt":"2024-04-17T19:53:38","slug":"europes-metacrisis-just-got-worse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67359","title":{"rendered":"Europe\u2019s Metacrisis Just Got Worse"},"content":{"rendered":"
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Europe\u2019s Metacrisis Just Got Worse<\/span><\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"Energy<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The latest conflict between Iran and Israel just made Europe\u2019s already precarious energy and economic situation a lot worse.<\/p>\n

Many analysts and politicians are celebrating Europe\u2019s resilience after losing its natural gas supply from Russia.<\/p>\n

\u201cTwo years on from Russia\u2019s invasion of Ukraine, trade in energy products between Russia and the European Union has largely disappeared. The EU has adapted remarkably well to a decoupling that many would have considered impossible.\u201d<\/p>\n

Bruegel<\/a><\/cite><\/p><\/blockquote>\n

There is some truth here but it misses the larger picture. In the wake of Russia\u2019s invasion of Ukraine, the world has witnessed a major shift in its geopolitical, economic, and social order. These changes have had a particularly large effect in Europe. Events in the Middle East make things even worse.<\/p>\n

The Covid-19 Pandemic in 2020 resulted in a re-arrangement of supply chains and trade dependencies, prompting countries to consider the vulnerabilities inherent in globalized production networks. The era of unipolar dominance by the United States has given way to a more multipolar world. The traditional alliances and partnerships that underpinned the post-World War II order are unraveling.<\/p>\n

Just before Russia\u2019s invasion of Ukraine, China and Russia issued a\u00a0joint statement declaring that their partnership had \u201cno limits\u201d<\/a>\u00a0in opposing NATO expansion. They further stated their intention to reshape the global governance system to be more representative of the changing global landscape, challenging the current US-dominated world order.<\/p>\n

In early 2024, the BRICS group of emerging-market nations\u2014Brazil, Russia, India, China and South Africa\u2013expanded to include Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt<\/a>. These countries now hold a\u00a0dominant position on more than half of the global oil exports<\/a>, with major implications for oil prices and energy geopolitics…<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Europe\u2019s Metacrisis Just Got Worse The latest conflict between Iran and Israel just made Europe\u2019s already precarious energy and economic situation a lot worse. Many analysts and politicians are celebrating Europe\u2019s resilience after losing its natural gas supply from Russia. \u201cTwo years on from Russia\u2019s invasion of Ukraine, trade in energy products between Russia and […]<\/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":[3,5],"tags":[8195,130,29011,281,441,1049,34274,553,2614,694,821],"class_list":["post-67359","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-art-berman","tag-china","tag-covid-19","tag-europe","tag-iran","tag-israel","tag-metacrisis","tag-nato","tag-oil-and-gas","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67359","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=67359"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67359\/revisions"}],"predecessor-version":[{"id":67361,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67359\/revisions\/67361"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}