Exactly, you can theoretically extract more and find ways to subsidize its distribution, but the small volumes compared to total demand means most households and firms would barely notice the impact.
In the end it is a political choice and it can be argued that domestic, henceforth reliable, supply comes at a price premium that at times is worth paying; but in this specific case the argument does not really hold.
www.smithschool.ox.ac.uk/sites/defaul...
This one suggests that the economic gains for households would be quite limited. Reality is that exploitation of those old basins is very expensive and can make economic sense only in case of sustained high prices.
How the US went to war against Iran:
1) The Israelis played Trump like a fiddle, selling him utterly unachievable war goals.
2) Trump's aides largely refrained from saying no, and instead encouraged the President to trust his own (wrong) instincts.
Not surprising.
www.nytimes.com/2026/04/07/u...
Presenting the reopening the Strait of Hormuz as a victory is like the Greeks failing to take Troy but celebrating the safe return of their wooden horse
That's one of the main issues of blanket measures like pump gas discounts: they are very expensive, largely regressive, and fail to target the really vulnerable groups - while also limiting the price effect that is necessary to drastically reduce consumption where possible.
straight red today for anyone suggesting Iran *now* realises the geostrategic importance of the Strait of Hormuz
Transformation into Putin is 99.9% complete
In quattro anni di governo con larga maggioranza, risorse a valanga dal PNRR e zero opposizioni, l'unico tentativo di riforma di Giorgia Meloni è stato un cambiamento trascurabile del sistema giudiziario. E ha fallito. Forse il capitale politico andava speso altrove per cambiare l'Italia.
Finish the job of causing a global recession? Because he's on the right track for that but he's nowhere near making Iran harmless, let alone changing the regime in Tehran
www.cnn.com/2026/03/11/p...
The geoeconomic power of the future will be shaped by climate policy. Countries that play the right moves in regulation, clean-tech production & climate finance today will win in the electrified world of tomorrow. @alberto-rizzi.bsky.social @ecfrgeotech.bsky.social
ecfr.eu/publication/...
Looking at the record of military interventions since 9/11, the Western ability to determine political outcomes on the ground in the Middle East via the use of force seems limited, to put it mildly.
WASHINGTON, Feb 28 (Reuters) - Pentagon chief Pete Hegseth and Chairman of the Joint Chiefs of Staff General Dan Caine are monitoring the U.S. operation in Iran from President Donald Trump's Mar-a-Lago resort in Florida, where Trump is currently located, a person familiar with the matter told Reuters.
Jesus Christ they're running the war from Mar-a-Lago
www.reuters.com/world/us/top...
My @deutschewelle.dw.com interview on new tariffs: the EU is likely to put on hold the deal in face of the new 15% global US tariff and evaluate possible retaliations. Still, diversification towards new export markets remains the core European strategy.
www.dw.com/en/trump-tar...
Europe shouldn't celebrate the US Supreme Court ruling on tariffs as a final victory. Trump's fiery (and largely incoherent) press conference has shown clearly that danger is not over and that he still sees the EU as the enemy.
Meloni is already distancing herself from Merz: she doesn't share his criticism of MAGA. Reality is that for her transatlantic ties are worth safeguarding because of ideological closeness, for Merz they are notwithstanding ideological differences. Hardly a sound basis for strategic cooperation...
Pyongyang on the Potomac
The EU-India FTA deal is hot on the heels of Mercosur. Instead of decrying the end of a world order from which they benefitted, Europeans are finally embracing their trade strengths, writes @alberto-rizzi.bsky.social
👇Read the full commentary in our website.
https://bit.ly/4tayhi4
On 3), I would add that if you're a think tanker or academic you MUST have booshelves filled with books in the background when doing a media interview or a webinar.
More seriosuly: to me a home wihtout books feels like a home without a soul, empty of stories.
EU decided to bring up Anti-Coercion Instrument, a 'trade bazooka', against Trump. What does the EU's Anti-Coercion Instrument provide? With their cards in hands, the EU should create an economic deterrence infrastructure and strengthen its existing anti-coercion instrument.
https://bit.ly/4sWevqr
Mercosur : "En cas d’échec, beaucoup estimeront que l’UE n’est pas un partenaire fiable"
@alberto-rizzi.bsky.social, chercheur au @ecfr.eu, analyse les enjeux de l'accord. 👇 1/7 🧵
What are Trump's plans in the trade (tariffs), investment (decoupling) and financial (US dollar depreciation) spheres, and what do US policies mean for Europe? Join us next Tuesday in Berlin @ecfrberlin.bsky.social to discuss these topics - more info and registration 👇
Volodymyr Zelensky has struck a deal to strengthen Ukraine’s winter energy reserves. Europe should now help Kyiv diversify its imports and guard its domestic gas fields with a robust air defence, writes @alberto-rizzi.bsky.social @ecfrpower.bsky.social
https://bit.ly/4pbu1vQ
The EU’s Artificial Intelligence Act could offer a useful framework for Europeans and Gulf partners to work together, write @cinziabianco.bsky.social and Herman Quarles @ecfrmena.bsky.social @ecfrpower.bsky.social
https://bit.ly/3MdxkEk
Volodymyr Zelensky has struck a deal to strengthen Ukraine’s winter energy reserves. Europe should now help Kyiv diversify its imports and guard its domestic gas fields with a robust air defence, writes @alberto-rizzi.bsky.social @ecfrpower.bsky.social
https://bit.ly/4pbu1vQ
🇺🇦 Zelensky chiude un accordo chiave per rafforzare le riserve energetiche dell’Ucraina in vista dell’inverno. L’Europa deve aiutare Kyiv a proteggere i giacimenti di gas con una difesa aerea efficace.
✍️ @alberto-rizzi.bsky.social x @ecfreuropeansec.bsky.social
I spoke yesterday with @deutschewellerss.newsmast.social.ap.brid.gy about Zelenskyy's visit to Greece: more gas supplies are crucial to compensate for Ukraine's lower production due to attacks by Russia. And defending Ukrainian infrastructure is equally important.
www.youtube.com/watch?v=mAnh...
I have a very bad feeling about this...
My take on incoming EU steel tariffs in this Deutsche Welle piece: the move aims at obtaining concessions form the US, most likely a tariff-free quota for European producers, but at the cost of worsening trade relations with other suppliers to the bloc
www.dw.com/en/eu-seeks-...
And people forget that despite all the anti-German sentiment the German car industry is a primary driver of (economic) integration, employment, and export growth for CEE MS. If it doesn't modernize with an eye to the marketplace of the 21stC it will be one giant multinational Nokia