https://www.wsj.com/articles/europe-manufacturers-factories-russia-gas-11662938614

The surprising article in the Wall Street Journal dated 11 September openly discussed the deindustrialization of EU due to the sudden shock of extortion-priced gas/fuel supplies due to the Russia-Ukraine war shutting of cheap Russian gas/fuel supplies to the EU. What is shocking is that the EU still blindly follows the lead of the Americans/NATO/UK without looking at the disastrous consequences to its economy and its people.

This article clearly spells out that if this war continues, the winners will be USA, China, and the ROW, supplying EU with gas/fuel at very high prices, manufactured goods, and metals. Net result, a deindustrialized EU in a deep recession, massive unemployment, closure of every conceivable form of industry, and dependence on others, just not on Russian oil and gas.

And for what? A war being fought by proxy in Ukraine that has been armed, supplied, and goaded by the military industrial complex, solely for its own profit, with the utter destruction of Ukraine and a complete disregard for all that is of value in the EU.

Of course, this is good news for shipping, both dry bulk and tankers/gas carriers, as they will benefit from this disruption/deindustrialization of the EU that will end up increasing ton-mile demand.