The Ukraine War Just Screwed Tech and Energy

Get ready for a summer full of skyrocketing energy costs, chip shortages, and less than savory compromises

Benjamin Sledge
8 min readMar 22, 2022

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Photo by Dylan Hunter on Unsplash | Text manipulation by author

Read Part 1—Why Russia Invaded Ukraine—here

English folklore has it that the abbey church of St. Peter sold off its assets to pay for repairs to St. Paul’s Cathedral, thus originating the phrase “robbing Peter to pay Paul.” As a colloquial expression, Americans often use the phrase to describe the idea of paying off one debt only to incur another. It’s kind of like people who have revolving credit cards where they keep a consistent balance, but then move it to a new card before the higher interest occurs. But given enough time, the ruse always ends in disaster, and brings us to events unfolding inside Russia and Ukraine.

In a previous analysis, I explained Russia’s “reasons” for invading Ukraine and the geopolitical ramifications for Europe and the West (If you haven’t, I recommend reading that first). However, as multiple Ukrainian cities continue to be razed by Russian forces, many have wondered what to expect. How does it affect the world? The United States? Given that oil prices appear to be at the forefront of everyone’s mind in America, let me start by ripping the band-aid off — we’re screwed.

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Benjamin Sledge

Multi-award winning author | Combat wounded veteran | Mental health specialist | Occasional geopolitical intel | Graphic designer | https://benjaminsledge.com