The last two weeks have been fascinating. Iran increasingly looks a strategic blunder by Trump in the wider global hegemonic struggle between the USA and China. It increases the likelihood of instability, trade and economic disruption and the threat of kinetic conflict. Boy Scout time: Be Prepared.

It was a disastrous weekend for UK energy strategy as the biting cold and lack of wind demonstrated the fallacy of wind as “the” renewable solution. Energy security requires predictable power. Meanwhile, Central Bank mull rate hikes and implications for dollar strength.

Energy Insecurity is the major factor underlying market angst. I’ve been warning about it for years; initially because of mis-investment due to the ESG/climate change bandwagon, and then bad government policy ignoring security of supply. Look where we are now…

This morning let me present 2 morning porridge offerings: 1) Why Energy Insecurity remains the Long Term Threat, and 2) The potential of Hydrogen/Ammonia to solve it. This includes a guest post from Brett Morris on what the Australians are looking at.

Energy and Food Security are intricately linked – and constitute the biggest and most immediate “no-see-um” threat markets have faced in decades. It’s time to get real about addressing energy transition and security, and climate change by accepting Nuclear energy is the most viable solution in the time left us.

The World is Utterly Changed. The new imperatives are: Energy and Food Security, Defence and Cybersecurity. Climate Change will become a point of Western Friction. New Geopolitical Lines are being drawn.

Ukraine is giving the media their next Covid-level dose of excitement, but highlights just how quickly events creep up on markets. Unwise decisions years ago by western governments in terms of energy security and global priorities have created the current crisis. It will have massive effects on energy transition, global growth and bodes ill for European stability.