Doomberg: Russia Still Holds The Key to Inflation and Millions Freezing this Winter

Doomberg: Russia Still Holds The Key to Inflation and Millions Freezing this Winter

From Competent Man Podcast by Tom Bodrovics

September 4, 2026 · 42 min

About this episode

Tom Bodrovics and Doomberg discuss the implications of the Ukraine war on energy markets and the geopolitical landscape, focusing on diesel prices and Europe's energy dependence on Russia.

In this conversation, Tom Bodrovics and Doomberg explore the geopolitical and energy market implications of the ongoing Ukraine war, with a focus on the diesel crisis and Europe’s precarious energy dependence. Doomberg argues that the primary driver of elevated diesel prices is not the Iran conflict but Ukraine’s systematic attacks on Russian refinery assets, which reduce global refining capacity and tighten distillate markets. He notes the irony that Europe, heavily reliant on diesel imports, is among the most exposed to these price spikes. While the world is adapting through higher refinery utilization and alternative supply deals, the situation remains fragile, with inventories low and any further disruption potentially triggering a severe crisis. The discussion then turns to the broader strategic miscalculation of treating Russia as anything less than a great power. Doomberg emphasizes that Russia’s energy leverage, nuclear arsenal, and industrial capacity make it a formidable adversary, and that Europe’s decision to sever energy ties without viable alternatives was strategically naive. He predicts that the war’s outcome will be determined by military imposition, not…

People in this episode

Host: Tom Bodrovics

Guest: Doomberg

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Keywords

Mentioned in this episode

Organizations: Iran, Substack

Places: Russia, Ukraine, Europe

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