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Net Zero dies in the Strait of Hormuz
Geopower, Energy Realpolitik with Todd Royal – When that artery is threatened, markets do not debate policy frameworks or ESG targets. They react instantly, violently, and rationally. Prices move. Risk premiums surge. Governments scramble. Because the system understands something policymakers have tried to wish away: There is no replacement infrastructure capable of absorbing that shock...
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