News & Comment

If it was a kind of worst case scenario - and the US just says we're not exporting diesel for the foreseeable future - that would be really terrible for global diesel markets as there just aren't many other suppliers."

The antidote isn’t just the air defence equation...It’s Ukraine being increasingly enabled to go on the offence deep into Russia and hit the launching sites – what you’d call shooting the archer.”

We need to stand back and look at the big picture here, which is that at some point you can say that a lot of microchips that can be used in deadly drones are dual use, and that will be very difficult to control the supply of those pieces of technology. They have legitimate civilian use when it comes to a jet engine that might have 50 or 150 kilogram force of thrust, so it's a powerful system that you could say, oh, you know, well this is eccentric hobbyist equipment somewhere. Well, no, in my mind this is essentially a weapon. There is a large volume of this material that appears to be coming from China. The Chinese, of course, deny it. The companies in some instances say they can't control where this equipment ends up, and that is increasingly looking paper thin to me."