Pakistan in Darkness

 Who knew that the Russia-Ukraine war could have such devastating effects on the supply chains of a country that isn't related to both of them. This war has put millions of Pakistans residents in a severe lack of electricity.

Causes:  About a decade ago, Pakistan changed its suppliers of Natural gas from their previous suppliers to spot market suppliers such as Eni SpA and Gunvor Group Ltd.  As Europe begs for petroleum and gas, these suppliers have started supplying gas to the lucrative European market.

Effects: This step of Pakistan was taken to reduce the price volatalites in the market in the longer run. This step is now proving fatal as Pakistan no longer has supplies to mitigate the power shortage.

What this means for you:  This means an unstable newly formed regime after the recent impeachment got even more unstable. Also, the Russian oil could have a potential buyer on the list as China and India continue to buy Russian oil in large quantities.

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