MENU SEARCH PDF CENTRAL THEME NUSO Nº 301 / SEPTEMBER - OCTOBER 2022 The energy transition front Helen Thompson From China to North Dakota to Sri Lanka, the war in Ukraine has caused a seismic shock, shifting tectonic plates that were precariously balanced. Whatever the outcome, this shock will only have one sure consequence: we will consume less energy. But, at the same time, the armed conflict makes the already complex energy transition more difficult. The energy transition front Vladimir Putin's attempt to destroy the independence of the largest state on Russia's western border has caused a moment of upheaval around the world.
As a world resource superpower, it could not be otherwise. Before February 24, 2022, Russia was the largest exporter of all oil products, gas, and wheat, the second largest exporter of crude oil, and the third largest exporter of coal and potash ore. To put it more simply: the outcome of the war transforms Email Lists Database the geopolitical dilemmas around the energy and resources that Russia's power generates for Eurasia and Africa, as well as the strategic options of the United States. The cumulative impact of Russia's actions and reactions on the.
The spot price of Brent crude – the European benchmark – has risen nearly 25% in a week. At the end of May, it was at its highest level since 2012, before shale oil started to gain real momentum. In early May, the price of diesel was double its previous peak in mid-2008, when the price of crude oil was, in inflation-adjusted terms, about $70 a barrel higher. During the first two weeks of the wartwo, natural gas prices in the European Union rose about 25%. In early April, Newcastle coal futures – the benchmark for the Asian market.