Peter Zeihan

I'm not as worried about the Europeans as I used to be three years ago.

There's plenty of reason to be worried.

Three years ago when the Ukraine war started, the Europeans were in the situation where they thought that if they didn't side with the Russians, the lights were going to go out.

But in the three years since, they've built a lot of infrastructure to bring in carbon energy from other places, and it has been broadly successful.

And so they've backed away from a political –

goal that was questionable economically and made a very clear strategic decision that is broadly working out for them but they didn't sacrifice all of their plans so they realize you know maybe solar and wind does not work in the world's least windy least sunny continent

But conservation and efficiency are still very good plans.

So you've seen some change in mindset and a little bit more realism in the policy, and it's showing benefits.

There are no EVs.

There are no battery chassis.

There is no solar.

There is no wind.

There is no nuclear without globalization.

Too many of the parts, too many of the materials come from a different continent.

And so if we're not all doing this together, none of that happens.

And so you should move on.

If you're in the Western Hemisphere, where there is more mining than consumption, that's probably going to be a little easier.

But for the Eastern Hemisphere, hard pass.

It's just not going to work.

Now, again, if you change the technology on me, I reserve the right to change my mind.