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IPFS News Link • Energy

The Battery Boom Will Redraw Geopolitical Maps

• https://www.zerohedge.com by Tsvetana Paraskova

In March, President Biden introduced a plan to secure the strategic and critical materials necessary for the clean energy transition—such as lithium, nickel, cobalt, graphite, and manganese.

Russia's invasion of Ukraine has exposed, once again, the vulnerability of the global energy markets and economy to the actions of petrostates with the power to weaponize their energy resources for political purposes.   In the biggest shock to oil flows since the 1973 Arab oil embargo, the war in Ukraine and the hesitancy of Europe to immediately punish Putin threw into sharp relief the geopolitical power that countries with huge oil and gas resources currently hold.   


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