Part 7/9:
As the EU grapples with the immediate threat of energy shortages, the long-term vision must also be addressed. The reliance on a single source, whether it be from Russia or the US, poses a continual risk of vulnerability, especially in the context of geopolitical tensions.
In the meantime, other regions may reap the rewards of Europe’s energy crisis. With reduced European demand for Russian gas, there will be more supply branching out toward Asian markets, especially China, which could lead to lower production costs for many industries reliant on these resources. China stands poised to benefit enormously as they could acquire cheaper energy while Europe descends into further economic despair.