Bryan Booth82 said:Sure, but there is a massive, fundamental difference between an economy built solely on selling raw materials and fuel, and one built on processing those materials using energy.
I shouldn't even have to point out that the latter always walks away with the lion's share of the profit, while the former remains perpetually dependent.
Ebiga, it comes down to simple math: higher margins and much greater value creation.
Russian gas or oil will never be worth nearly as much as a precision machine built in Germany.
Best regards.
Just look at Libya. During the 90s and early 2000s, they were one of the most prosperous nations, all thanks to oil. And that massive irrigation project, the
Great Man-Made River, is practically a global wonder. 🙏A friend of mine actually worked on that project and was pulling in four or five times the salary he'd ever make here in the States.
Keep in mind, their recent agenda involved moving away from the US dollar and introducing a unified African currency to finally cut ties with the French central bank for good. When the West realized they weren't going to have that kind of control anymore, things went south fast. They called their intervention "promoting democracy," but in reality, they just triggered a civil war that left Libya in total misery, setting the country back two centuries. 🤮