The Change in Energy Stockpiling

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During the six months leading up to Russia's invasion of Ukraine, China massively increased its purchase of gas in that time. Chinese state-owned companies bought more than 91% of all gas term deals bought worldwide. It doesn't mean that they are going to war. But what it shows is that if they are expecting conditions to change, they are prepared to stockpile even when economically it doesn't make sense and there wasn't a massive increase in demand.

Military types need not wait until mass movements of troops to know a conflict is coming. We examine a raft of subtle and not-so-subtle market moves that would precede a Chinese invasion of Taiwan. France’s quiet volte face on the extent of NATO and the European Union will reshape European security (12:04). And how scrapyards are becoming efficient, lucrative disassembly lines (19:41).

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