European Gas prices just surged 50% after the Qatari LNG production is under attack

https://feddit.uk/post/45195551

It seems to me that every conflict spikes oil prices, relatively unpredictably (if you can call this unpredictable).

Maybe the world should look for alternative sources of energy, which are abundant, cheap, and can be deployed non centrally?

No. No that’s insane.

Yes, then we will fight over Rare Earths.
Rare earths are not geographically rare. There is just a lower % of them per sample.
They also are used in ICE catalytic convertors in every vehicle. But, unlike ICE, EV rare earths can be recycled.
You can recycle catalytic converters though, that’s really not the big problem for combustion engines…
not very efficiently. There’s a reason crackheads steal newer ones.

Yes, it is more so the efficient processing and refining that is rare.

You can make a T-shirt anywhere, but if you have to first build your own cotton farms and factories locally, construction will take years and your shirts will cost 10x more.