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47 sats \ 2 replies \ @Satosora 18 Aug \ on: BRICS grow into a strong energy alliance with growing pricing power news
Brics is run primarly from china. Once their economy tanks, they will be borrowing from brics. Then others will topple and it will get worse.
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20 sats \ 1 reply \ @TomK OP 18 Aug
in economics, however, we always have to think in relative terms. i don't see, for example, how the european union with its socialist approach would be competitive in any form in the future. the europeans will have to buy energy from these countries and they will dictate the prices. that is power
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0 sats \ 0 replies \ @Satosora 18 Aug
It depends on how smart the EU gets. If they are able to find a dependable green way, they wont be dictated by those prices.
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