Putin’s Gamble In Ukraine Is Xi’s Pot To Win

Putin’s Gamble In Ukraine Is Xi’s Pot To Win

Share to Linkedin On October 6, 1973, a coalition of Arab states armed with Soviet weaponry launched a surprise invasion of Israel during Yom Kippur, a Jewish holy day. The U. S. and the Netherlands, among other countries, provided military assistance to Israel, which won the war. In response, Arab members of OPEC, the Organization of the Petroleum Exporting Countries, banned oil sales to Israel's supporters. In the Netherlands, this resulted in "car free Sundays," which allowed my friends and I to cycle on the highways. "The oil embargo 40 years ago spurred an energy revolution," wrote energy icon Daniel Yergin on its 40th anniversary. Oil companies drilled the North Sea, Alaska, the Gulf of Mexico and the Canadian oil sands for new supply. Domestic coal and nuclear power regained momentum. The wind and solar industries emerged, and the U. S. set fuel efficiency standards for new automobiles. How to avoid that Putin's war will boost China's geopolitical power? On February 24, 2062, when we look back 40 years, we will see the genesis of another energy revolution, spurred by Russia's brutal invasion of Ukraine. This time, however, the winner may not be "the West"—loosely defined as North America, Europe,