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China is about to dominate the supply chain for non-energy alternatives to oil and gas

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Electric vehicle purchases, solar panel installations, windmills going up...as the Third Persian Gulf War degenerates into a tit-for-tat blockade of the Strait of Hormuz, increased use of renewable energy seems to be a panacea. That is, until you dig a little deeper and realize that the oil and natural gas stuck behind the Strait are not just for energy use. Petroleum is the raw material for everything from the fertilizers to feed our crops to the helium that is indispensable to manufacturing semiconductors. Electricity can transport us, but cannot put food and information technology on our tables.

Peter Magyar will need to calibrate how much he leads Hungary away from Chinese investments

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Western liberals rejoiced when Victor Orban, the prime minister of Hungary for the last decade and a half, was finally thrown out of office recently, despite persistently tilting the field to his favor through monopolizing mainstream media and gerrymandering electoral districts to dilute opposition votes. Peter Magyar, the incoming prime minister, immediately called for a complete overhaul of the state broadcaster and rescinding Hungary's opposition to the EU's further funding of Ukrainian war efforts. Brussels seemed to have lost an enemy and gained an ally.

A new passport invites more travel, but is the world still friendly to travelers?

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For the frequent traveler, it is a once-per-decade ritual. Visit the nearest embassy or consulate in whatever country he happens to reside in at the time, and come out with a brand-new booklet ready for entry and exit stamps. It is almost a temporary reminder of patriotism: someone who intentionally left the homeland to roam the world, only to pledge allegiance in the form of a bureaucratic procedure indispensable for a nomadic lifestyle in the modern world, where every country seems more sensitive to national security risks.