Except there won’t be a transition to renewable energy, the longer the Ukraine conflict goes on, the more these countries will need to revert back to coal. We are already seeing this happen in Germany as Russia turns off the taps of Nord stream gas pipeline for ´maintenance’ until late July. In times of crisis, the market always turns to reliability and efficiency and that isn’t traditional renewables, especially coming into a cold winter. Wind and solar won’t have the output capability. It’s going to be a crazy winter in the EU. Germany are already building warming centres as they anticipate there will be plenty of blackouts and will need to help look after their population in any way they can. Germany are going the way of Sri Lanka imo. Many countries are. Dutch farmer protests are intense as well, but you won’t see it on the mainstream. This is just the start of a very volatile period! Precious metals will boom soon. Once everyone wakes up to whats going on around the world.
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