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Polexit isn’t in Poland’s future; Texas bans COVID vaccine mandates

Ian Bremmer shares his insights on global politics this week with a look at Polexit fears, China & India energy woes, and Texas Governor Abbott's ban on COVID vaccine mandates.

Is a "Polexit" from the EU a real possibility?

You just want to say "Polexit", right? I mean, you don't get to brand that, Poland. It's like being in the G20. You don't get to be in line. You're the 21st largest economy, at least you were when they put that together. They're annoyed about that. They're not going to leave the EU, but there is a real fight over recent judicial rulings that EU laws are not aligned with Poland. Poland supersedes. There's going to be a fight. There might be some fines. Everyone's going to be animated about it. But Poland's not going anywhere. Are some demonstrations though.

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What We're Watching: Inflation's impact on energy, climate, and… pasta

Energy price surge + winter = ? Natural gas prices are at all-time highs in Europe. In the US, they've gone to a 14-year peak. With demand from post-COVID economies outstripping supply, and winter coming, bills for heating and electricity could soar — and drive up inflation on both continents. Fears about natural gas have, in turn, caused a run in oil markets, driving crude prices to three-year highs as well. Meanwhile, restrictions on using coal have contributed to blackouts in China, causing some exporting factories there to slow production just ahead of Christmas season, when demand for Chinese-made consumer goods soars. More holiday demand chasing fewer gadgets and clothes would mean higher prices. And then of course there's the question of how to tackle inflation while promoting climate change policies that are meant to reduce emissions…

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Natural gas prices are soaring. Here’s why you care.

The world is hurtling towards a big, chilly, and expensive problem right now. And no, we're not talking about climate change (at least not directly).

Right now a surge in global energy prices — in particular for natural gas — is rattling entire industries and threatening to upend politics in many countries.

In Europe, natural gas prices have just hit all-time highs. The UK alone has seen a price surge of 500 percent over the past year. In the US, prices are as high as they've been since 2014. Asian markets are up, as well — a major gas importer in Pakistan says the current situation is "crazy."

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