Oil
If the breakdown of the prewar status quo for the Persian Gulf is the geopolitical crisis which guarantees a less stable oil market, then the damage done by war to Persian Gulf and Russian energy infrastructure is the material crisis which will limit future oil production. This destruction will also
Oil
War with Iran has created new geopolitical instabilities which conspire to keep the Persian Gulf from returning to its old role as the world’s swing producer and limit the overall capacity of the global oil industry.
Oil
Even if the present war were to meaningfully end and traffic through the Strait of Hormuz be restored to prewar levels, oil would still be doomed to a future of increasingly unpredictable costs.
Electrotech
There is no question that present conditions are far from the most ideal environment for conducting energy transition, given the certainty of economic downturn and the inevitable calls for austerity which will follow that crash, but it is the environment we face.
Electrotech
From the perspective of the world of carbon, every advance by solar and wind power is an irrecoverable loss for fossil fuels.
Electrotech
If there is one good way to sum up the leap from petrostate to electrostate, it would be thinking of the shift in terms of transitioning from analog technology to digital systems.
Electrotech
Electrostates are economies who derive their energy from renewable energy sources, ensure reliability using battery systems, & are transitioning away from fossil fuel technology.