Ukraine was sadly defeated long ago 2014 onwards when it became...

Ukraine was sadly defeated long ago 2014 onwards when it became bankrupted basket case run by oligarchs likely worse than their former russian brethren. Twenty percent of population voted with their feet and left. Recent war defeated Ukraine militarily and the West economically, look at German inflation highest in 70+ years. EU factories are shutting down while russian equivalents are busily firing up to meet the demand abandoned by us.

Argument that Russia (the usual suspect) is somehow ''guilty'' for world wide high energy prices including coal is political stupidity parroted by politicians and media war ''experts'' . Energy prices jumped before the war on post covid lockdowns demand in part fueled by squillions of fresh minted fiat dollars and underinvestment in new fosil sources. WHC and similar outfits profited and will prosper with and without russians.

Russian budget is reportedly balanced above 45 USD per barrel. At current wartime oil prices they are awash in SURPLUS cash merrily spending it at the usual suspects factories in Asia just like we do. EU economies and the EURO are looking at the toilet option as things stand today. EU stand to go without 200mil faithful customers in energy rich markets forever gone to China India and Asian manufacturers.

In my humble opinion and fear it is the West (especially EU) going down the toilet economically and politically. It should not reduce coal demand by much but will wreck western idea of supremacy a lot.

dyor