Part 4/7:
In discussing Russia's pivot from European markets toward India, China, and Turkey, Gard notes that these nations only partially alleviate the financial pressure. He emphasizes that economic power in relation to oil is changing globally, with new alternatives emerging as viable substitutes to traditional oil and gas.
Amid this backdrop, Gard advocates for greater investment in innovative energy solutions, such as small modular reactors, which stand to minimize reliance on the fossil fuel economy. Acknowledging the undeniable reality that oil remains crucial for global infrastructure, he hints that a future with an increasing emphasis on renewable energy could potentially alleviate geopolitical tensions linked to resource scarcity.