America’s political fears were real: Putin would now have an additional and much-needed major source of income, and Germany and the rest of Western Europe would become addicted to low-cost natural gas supplied by Russia—while diminishing European reliance on America. In fact, that’s exactly what happened.
In fact, it’s now reasonable to ask whether an international community connected by a consensus of norms and rules, and capable of acting in concert against the direst threats to humankind, exists. Sadly, if the responses to the war in Ukraine are the standard by which we’re judging, things don’t look good.
When Russia’s invasion of Ukraine sent the cost of a barrel of oil into the triple digits, the fossil-fuel companies and their friends in government, always on the lookout for profitable opportunities amid market chaos, responded predictably.
