4min chapter

Open Source with Christopher Lydon cover image

Blyth Returns

Open Source with Christopher Lydon

CHAPTER

The Effects of the Ukraine War on Europe

The entire global economy runs on oil the United States is now because of fracking a net oil exporter so it doesn't really matter for us to a certain extent. Europe never had its own supply the North Sea was too small and too late to be basically the equivalent of the Texas Basin so they've always had to import which meant to have been dependent upon the Middle East. The whole trans-Atlantic systems back all the rest of all the stuff we do in the Europeans it's incredibly fragile, he says.

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