Arnaud Bertrand

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Arnaud Bertrand

Arnaud Bertrand

@RnaudBertrand

Entrepreneur. Previously HouseTrip (sold to TripAdvisor), now https://t.co/C4SmZQ8bl6 Subscribe if you like what I write

Beigetreten Mayıs 2009
1.2K Folgt388.8K Follower
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
Few things have annoyed me more since the start of the war on Iran than to hear some European politicians repeat the narrative that it was "all about China." One surprising (and disappointing) example was France’s Jean-Luc Mélenchon, the leader of La France Insoumise, France's main left-wing opposition party, who claimed that the war's objective was to “limit China's oil supply capabilities” (x.com/JLMelenchon/st…). By saying this he literally parrots - almost word for word - the narrative of Lindsey Graham on Fox News (x.com/OunkaOnX/statu…) or that of the Hudson institute, an American right-wing neoconservative think tank (hudson.org/foreign-policy…). Which, you'll agree, is rather unexpected company for Mélenchon... Why does it annoy me so much? Because it's painfully obvious that the consequences of this war are far, far worse for Europe than they are for China. Heck, if anything, this war may even ironically prove beneficial for China: it is quite literally the best advertisement for green energy the world has ever seen. Every day the Strait of Hormuz remains contested, every oil price spike - all of it is a live demonstration of exactly why fossil fuel dependency is a massive strategic liability. This war is vindicating China's bet in spectacular fashion, and there is little doubt it will further encourage much of the world to buy exactly what China is selling: replacing dependence on whoever controls oil and gas chokepoints with energy from the sun and wind. See, in large part due to its green energy ramp-up China, as of last year, reached an 85% energy self-sufficiency rate (chinadaily.com.cn/a/202602/03/WS…) which is absolutely remarkable for a country that consumes as much energy as the U.S. and the EU... combined. The same, however, very much cannot be said of Europe. Where China is at 85% they're at an appalling 41% (ec.europa.eu/eurostat/stati…), less than half. So already, for this alone, Mélenchon should be worrying about Europe, not China. But that's just the beginning - the full picture is much worse. What is this war, when one strips it to its essence? What is the precedent being set? You have the world’s most powerful country attacking a sovereign nation, assassinating its leader, and attempting regime change - without even bothering to provide a casus belli (insanely the "casus belli" advanced by Rubio was that the victim would defend itself: x.com/RnaudBertrand/…). In other words, the world this precedent establishes is a “might makes right” world on steroids, like we haven’t seen in many generations. And, by definition, in a “might makes right” world what matters is… might. And let's be real: today China has it, and Europe just doesn’t. For instance, what do you think happens to Greenland if Iran goes the way Trump wants and the lesson he gets out of it is that he can simply do anything he wants with impunity if the other party is weak? And when the Europeans who cheered that precedent then turn around and ask the world to respect their sovereignty? Europe is the kind of power that only survives in a world with rules and they’re foolishly cheering their destruction. My latest article makes the full case, with the data to back it up. China will be fine, Europe won't and I feel like I'm taking crazy pills because even the precious few politicians who aren't totally vassalized to the U.S. - the Mélenchons of Europe - are starting to work off the exact same delusional script as U.S. neocons, just reading from the opposite side (replying “they’re encircling China” and objecting to neocons saying “we’re encircling China” and cheering). Which raises the question: who exactly is looking out for Europe? I don't have an answer but my article, I believe, makes a pretty strong case for why this question has never been more urgent. Read it here: open.substack.com/pub/arnaudbert…
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Brian McDonald
Brian McDonald@BrianMcDonaldIE·
Top Kremlin aide Nikolai Patrushev says the current Middle East conflict could “set back the global trade and economic system for years.” In an interview with Kommersant, he describes the war as a “tragedy with unpredictable humanitarian and economic consequences,” warning that the Strait of Hormuz, long a key artery of global logistics, is turning into a dangerous confrontation zone. He says damaged infrastructure, disrupted LNG and gas flows, rising shipping costs and falling fertilizer exports are already hitting global supply chains and pushing up energy and food prices worldwide.
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly 20% of global LNG supply (aljazeera.com/news/2026/3/18…) and, as of 2011, had taken $70 billion to build (energyintel.com/0000017b-a7be-…). What makes this even worse is that Iran's strike on this was retaliation after Israel attacked their South Pars gas field which draws from the same natural gas reservoir, which is the world's largest by far (9,700 km² - about the size of Qatar itself). Heck, on the list of the 25 largest natural gas fields (en.wikipedia.org/wiki/List_of_n…) this single reservoir holds roughly 40% of their combined recoverable reserves - and is nearly 6 times bigger than the 2nd biggest field in the world. And, unlike many of the others on the list, it's only at 10% depletion (meaning 90% of the gas is still there). Which means that, probably for many years, a huge share of the gas from the world's largest reservoir simply won't be extractable, as infrastructure on both sides - Qatar's and Iran's - has now been blown up. From a global energy supply perspective, we're deep into worst-case scenario territory.
QatarEnergy@qatarenergy

QatarEnergy Statement on Missile Attacks on Ras Laffan Industrial City QatarEnergy confirms that Ras Laffan Industrial City this evening has been the subject of missile attacks. Emergency response teams were deployed immediately to contain the resulting fires, as extensive damage has been caused. All personnel have been accounted for and no casualties have been reported at this time. QatarEnergy will continue to communicate the latest available information. #Qatar

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Clash Report
Clash Report@clashreport·
BREAKING: Iran hit Israel's Haifa refinery.
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
I can't find words strong enough to express the amount of contempt Europeans should feel for this guy 👇 I started writing a long explanation why, but I deleted it because at this stage it's just so painfully obvious. You guys know.
Reuters@Reuters

'What the US is doing at the moment is degrading that capability of Iran, and I think that's very important,' NATO Secretary General Mark Rutte said, backing US-Israeli strikes on Iran

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Seyed Abbas Araghchi
Seyed Abbas Araghchi@araghchi·
Our response to Israel's attack on our infrastructure employed FRACTION of our power. The ONLY reason for restraint was respect for requested de-escalation. ZERO restraint if our infrastructures are struck again. Any end to this war must address damage to our civilian sites.
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Cernovich
Cernovich@Cernovich·
Let’s hope this isn’t accurate.
Arnaud Bertrand@RnaudBertrand

I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly 20% of global LNG supply (aljazeera.com/news/2026/3/18…) and, as of 2011, had taken $70 billion to build (energyintel.com/0000017b-a7be-…). What makes this even worse is that Iran's strike on this was retaliation after Israel attacked their South Pars gas field which draws from the same natural gas reservoir, which is the world's largest by far (9,700 km² - about the size of Qatar itself). Heck, on the list of the 25 largest natural gas fields (en.wikipedia.org/wiki/List_of_n…) this single reservoir holds roughly 40% of their combined recoverable reserves - and is nearly 6 times bigger than the 2nd biggest field in the world. And, unlike many of the others on the list, it's only at 10% depletion (meaning 90% of the gas is still there). Which means that, probably for many years, a huge share of the gas from the world's largest reservoir simply won't be extractable, as infrastructure on both sides - Qatar's and Iran's - has now been blown up. From a global energy supply perspective, we're deep into worst-case scenario territory.

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Fictitious Capital
Fictitious Capital@fictitious_cap·
@RnaudBertrand @Kathleen_Tyson_ The world extensive can mean many things (we need to shut down for a weeks for ex is pretty extensive) That doesn’t extend to a decade though. Unless core infra was damaged, we’re talking months, not years. Let alone a decade!!
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
Important point 👇 x.com/i/status/20344…
Object Zero@Object_Zero_

@Cernovich The world doesn’t even have the steel supplies to rebuild this stuff quickly. It’s not regular steel. It’s all superduplex etc. This isn’t a virus, there’s no V shaped recovery from destroying global energy infrastructure.

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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
I was, unfortunately, in the right ballpark: Qatar Energy just announced they may have to declare Force Majeure on long-term contracts **FOR UP TO FIVE YEARS**. As I wrote, we're deep into worst-case scenario territory.
Arnaud Bertrand tweet media
Arnaud Bertrand@RnaudBertrand

I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly 20% of global LNG supply (aljazeera.com/news/2026/3/18…) and, as of 2011, had taken $70 billion to build (energyintel.com/0000017b-a7be-…). What makes this even worse is that Iran's strike on this was retaliation after Israel attacked their South Pars gas field which draws from the same natural gas reservoir, which is the world's largest by far (9,700 km² - about the size of Qatar itself). Heck, on the list of the 25 largest natural gas fields (en.wikipedia.org/wiki/List_of_n…) this single reservoir holds roughly 40% of their combined recoverable reserves - and is nearly 6 times bigger than the 2nd biggest field in the world. And, unlike many of the others on the list, it's only at 10% depletion (meaning 90% of the gas is still there). Which means that, probably for many years, a huge share of the gas from the world's largest reservoir simply won't be extractable, as infrastructure on both sides - Qatar's and Iran's - has now been blown up. From a global energy supply perspective, we're deep into worst-case scenario territory.

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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
This is such a horrendous take... Not much to rejoice about when "setting the global agenda" means breaking the entire global economy by triggering an unprecedented energy crisis. That's not journalism or analysis, it's idiocy.
Jonathan Cheng@JChengWSJ

China Hoped Trump Summit Would Cement Its Superpower Status. Now Xi Has to Wait. The president’s postponement of planned meeting signals that the U.S.—not Beijing—still sets the global agenda @Lingling_Wei wsj.com/world/china/ch… wsj.com/world/china/ch…

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Jersey Lee
Jersey Lee@real_jerseylee·
@RnaudBertrand I can’t believe this official Trump administration account chose to post this clip, like they’re actually proud of this message
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
@SuzyQue27155082 Bessent himself said it 👇 x.com/i/status/20346…
Rapid Response 47@RapidResponse47

.@SecScottBessent: In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels, so depending how you count it, that's 10 days to 2 weeks of supply, that the Iranians had been pushing out, that would have all gone to China. In essence, we'd be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days, as we continue this campaign. So, we have lots of levers.

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Jan Rosenow
Jan Rosenow@janrosenow·
Spain's renewables build-out has structurally decoupled its electricity prices from gas markets. Gas now sets the price in only 15% of hours, compared to 90% in Italy. Countries that invested early in clean power are far less exposed to fossil fuel price shocks.
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