How the Ukraine War Shocked Asian Energy Markets
One lesson from the market experience in 2022 is the immense value of a flexible U.S. natural gas supply.
Even if the United States has fallen into decline in absolute economic and military terms, China may have crested early and plunged into yet steeper decline. In that case, the margin between the contestants would widen even if both countries were on the wane. If that’s how Xi Jinping & Co. size things up, they might order the People’s Liberation Army into action while China stands its best chance of success. There is ample precedent.
One lesson from the market experience in 2022 is the immense value of a flexible U.S. natural gas supply.
Although calls for a nuclear build-up in response to Russia’s and China’s enlarged capabilities are dominating the debate, they risk repeating another dangerous arms race.
Chechen warlord Ramzan Kadyrov’s ailing health and lack of a succession plan may create opportunities for terrorist and separatist activity in Russia’s most unstable republic.
The Mikoyan-Gurevich MiG-23 "Flogger" stands out as a notable misstep in an otherwise prestigious line of aircraft produced by the Soviet/Russian manufacturer. Designed to improve upon the limitations of the MiG-21, such as its limited range, poor radar, and small weapon loads, the MiG-23 was developed with ambitious goals during the 1960s.
In-depth analysis from Cliff Kupchan, Dominic Tierney, Robert David English, and more.