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"The unfortunate part is that in order to be able to support an entire industrial base, you've got to have that whole supply chain node-matched in terms of capacity," Zach Detweiler, co-founder and CEO of Radify Metals, explained. He emphasized the importance of addressing the overlooked node that converts metal oxides into pure metals, which he refers to as the 'missing middle.'
We are going through what we might call the mother of all crises. The world has witnessed many oil crises in the past 50 years, such as the post-COVID-19 crisis and following geopolitical tensions.
The so-called 'petrodollar' system wasn't well understood for most of this time, but a secret deal between Henry Kissinger and Saudi Arabia ensured the dollar would remain the dominant reserve currency.
"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."
India remains "vulnerable" and lacking in energy security until it can produce at least 50% of its own oil. Billionaire industrialist Anil Agarwal believes India can grow to produce enough oil to meet 30% of its domestic demand within a few years.