In this episode, Retired Marine Intelligence Officer LtCol Hal Kempfer delves into pressing global issues surrounding risk in conflict and war. With the majority of US Senators backing a dramatic 500% tariff on Russian energy imports, we explore the implications for countries like China, India, and Iran, and the ripple effects on European energy markets. As the EU seeks to diversify its energy sources, negotiations for a $56 billion LNG purchase to balance trade with the US take center stage. We also scrutinize governmental efficiency, discussing the bipartisan call for reform and the challenges posed by entrenched bureaucracy in federal funding management. Tune in for an insightful analysis of these critical geopolitical dynamics and their potential impact on global stability.

Takeaways:

• Majority US Senators support imposing a 500% tariff on Russian energy imports.

• The bill targets nations like China and Iran purchasing Russian resources.

• Impact on global oil trade dynamics is substantial, particularly for Asia.

• EU is focusing on increasing LNG imports to reduce reliance on Russian gas.

• The proposed $56 billion EU purchase of LNG to balance trade with the US is progressing.

• Bipartisan efforts are aimed at reducing waste in federal funding programs.

• Discussions arise on the effectiveness of government vs. private sector service delivery.

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