I have been studying the potential effects of the Russian invasion of Ukraine and the response by the rest of the world on the economy. Some facts on Russia and its economy – Russia has a very large supply of certain minerals and natural resources, and they constitute a large percentage of the world’s supply. For example: Russia provides 10% of the world’s petroleum. Of that, they supply 40% of Europe’s natural gas. As a reference, 25% of all energy consumed in Europe is from natural gas. Russia is the top supplier in the world of grain – mostly wheat, of fertilizer products, and of nickel. Nickel is necessary and critical for production of stainless steel, and of lithium-ion batteries. They are also the top producer of palladium. This rare metal is used in electronics, catalytic converters, and many other industrial uses – like the batteries mentioned above. Russia is the #2 producer of platinum and aluminum. Both critical construction components in high-tech devices. T...
The universe, by definition, is infinite. It is arrogant for us to think mankind can formulate all the questions much less grasp all the answers.