Recent Events in Russia Causing Re-Evaluation in Fossil Fuel Dependence
By Daniel Dow | Editor in Chief
With the recent outbreak of war between Russia and Ukraine, the stability of the global market has come under question, and no commodity has been affected more than the price and supply of natural gas and oil. With the price of oil currently at a record high, and demand growing for countries to separate themselves from Russia’s fossil fuels, now seems the opportune moment to shift from fossil fuels and to reinvest in renewable energy.
The hostility of Russia has rallied nations to end their dependence on imports of the country’s oil and natural gas. The United States has immediately cut its imports, and Britain and Poland have announced a plan to cut Russian natural gas imports by the end of 2022.