Geopolitics and Markets Review 24th October 2022:

Renewable energy indices are dropping. In a big-picture view, this is down to the botched energy transition to clean energy. Oil and natural gas are key parts of everyday life. Their replacements need to be up and running to even start pivoting away from them. Unless we want to deindustrialise, we need fossil fuels.

Sticking with Natural Gas, the EU price has fallen. This is due to storage being more full than expected and milder weather. The milder weather is expected to continue into November.

We’re seeing more supply than expected in natural gas, but less supply than expected in diesel. Diesel is the fuel that runs economic trade through trucks and so demand will grow if supply continues to drop. The US was sending diesel to Europe, but they are now rerouting shipments to themselves. All countries act in their own self-interest. The US has considered the idea of banning fuel exports to secure its own supply. The US continues to isolate itself from the world. Will this change how they rule the global hegemony or remove the hegemony completely?