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Iran war energy shock sparks global push to reduce fossil fuel dependence

reuters.com

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Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#131

Post by anovikov »

standeven wrote: post #118
anovikov wrote: post #110

Earlier quoted context omitted.

But why does US need any of that? It's a massive exporter of fossil fuels and will be much richer as a result (but yes just as every other way of getting richer, it will also increase inequality).

Burning fossil fuels also raises the global temperature, reduces air quality, and people still have to pay more at the pump.

But US mostly wins from global warming relatively, right? I mean, it's going to suffer less than others (except EU), for geographical reasons, thus winning. I don't think global warming is a concern for US at all (some places sure, Florida will be royally fucked, but not most places).

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#132

Post by graemep »

toomuchtodo wrote: post #80
markus_zhang wrote: post #50

Earlier quoted context omitted.

I guess the oil industry is laughing their ass off nowadays. They can sell at such a premium. Inflation? YP.

It’s just pulling forward future gains while shrinking the time horizon, if the world speeds the transition to renewables and electrification from this. Short term gain for faster irrelevance. Oil to $200/barrel please, as long as possible, same with LNG. Edit: Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says - https://www.bnnbloomberg.ca/business/2026/03/19/iran-attack-...…

Businesses are short termist these days. They will be happy to pull forward gains. Shareholder value, right?

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#133

Post by _alternator_ »

anovikov wrote: post #110
ryukafalz wrote: post #44

As someone who's been pushing for renewables for quite a while now it's dismaying that it's taken a war to accelerate this push, but I'm glad to see that it's happening at least. It's doubly dismaying that my own country (US) is still doubling down on fossil fuels despite everything. The concern about a new dependency on China is real, but renewables do have the advantage that once you have the infrastructure in plac…

But why does US need any of that? It's a massive exporter of fossil fuels and will be much richer as a result (but yes just as every other way of getting richer, it will also increase inequality).

The argument that high oil prices are good for America is one of the most ridiculous ideas being pushed right now. Yes, on a trade deficit front, it slightly reduces the net amount of money leaving. But we are also the world’s largest consumer of oil, and it literally powers every part of our economy.

Saying that America is better off with high gas prices is like saying Americans will eat more beef if the price of beef doubles because we make lots of beef. Cattle ranchers will be better off; everyone else eats more potatoes.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#134

Post by watwut »

davedx wrote: post #109
ryukafalz wrote: post #44

As someone who's been pushing for renewables for quite a while now it's dismaying that it's taken a war to accelerate this push, but I'm glad to see that it's happening at least. It's doubly dismaying that my own country (US) is still doubling down on fossil fuels despite everything. The concern about a new dependency on China is real, but renewables do have the advantage that once you have the infrastructure in plac…

I've been arguing with Europeans on twitter (including an environmental scientist) who believe this war shows we need to resume drilling in the North Sea and Groningen. It feels like this collective insanity will never end

The Russian threat in the short term is very real and this is making Russia stronger. And the economic threat to Europe in the super short term is bigger then the one to America ... and will help internal fascist movements that are very much already empowered there (and sponsored and supported by BOTH Russia and America despite being very much homegrown).

So, like, both I guess.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#135

Post by iancmceachern »

ryukafalz wrote: post #44

As someone who's been pushing for renewables for quite a while now it's dismaying that it's taken a war to accelerate this push, but I'm glad to see that it's happening at least. It's doubly dismaying that my own country (US) is still doubling down on fossil fuels despite everything. The concern about a new dependency on China is real, but renewables do have the advantage that once you have the infrastructure in plac…

The only thing that is dismaying you about this war is the fact that it caused people to push for more renewables?

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#136

Post by graemep »

anovikov wrote: post #131
standeven wrote: post #118

Earlier quoted context omitted.

Burning fossil fuels also raises the global temperature, reduces air quality, and people still have to pay more at the pump.

But US mostly wins from global warming relatively, right? I mean, it's going to suffer less than others (except EU), for geographical reasons, thus winning. I don't think global warming is a concern for US at all (some places sure, Florida will be royally fucked, but not most places).

The big winners from global warming will be Russia, China and Canada - places that will become more habitable.

Its not just Florida. There are multiple problems. Many can be mitigated, but I very much doubt they will be as its easy to put off.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#137

Post by noelsusman »

markus_zhang wrote: post #50
ryukafalz wrote: post #44

As someone who's been pushing for renewables for quite a while now it's dismaying that it's taken a war to accelerate this push, but I'm glad to see that it's happening at least. It's doubly dismaying that my own country (US) is still doubling down on fossil fuels despite everything. The concern about a new dependency on China is real, but renewables do have the advantage that once you have the infrastructure in plac…

I guess the oil industry is laughing their ass off nowadays. They can sell at such a premium. Inflation? YP.

Oil companies love $90 oil, but much higher than that and you start to run into demand destruction issues in the medium term.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#138

Post by jmstfv »

pibaker wrote: post #18

I wonder where the gulf states are going to end up. They have tried hard to build economies that aren't just fossil fuel exports. Tourism, trade, finance, luxury living for rich foreigners… but everything they have tried is contingent on peace in the region. I doubt foreigners are looking forward to layovers in Dubai now there are Iranian drones heading their way. Maybe future travelers will not see two trunkless leg…

They're done. They export oil/LNG, import food, invest the proceeds in the US companies/treasuries and brand themselves as logistics hubs + safe havens for the global rich. It's all out of the window now.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#139

Post by _alternator_ »

anovikov wrote: post #131
standeven wrote: post #118

Earlier quoted context omitted.

Burning fossil fuels also raises the global temperature, reduces air quality, and people still have to pay more at the pump.

But US mostly wins from global warming relatively, right? I mean, it's going to suffer less than others (except EU), for geographical reasons, thus winning. I don't think global warming is a concern for US at all (some places sure, Florida will be royally fucked, but not most places).

This seems like soft trolling. Global warming is canonically the opposite of a zero sum game. Everyone is losing.

Re: Iran war energy shock sparks global push to reduce fossil fuel dependence

#140

Post by paulryanrogers »

iancmceachern wrote: post #135
ryukafalz wrote: post #44

As someone who's been pushing for renewables for quite a while now it's dismaying that it's taken a war to accelerate this push, but I'm glad to see that it's happening at least. It's doubly dismaying that my own country (US) is still doubling down on fossil fuels despite everything. The concern about a new dependency on China is real, but renewables do have the advantage that once you have the infrastructure in plac…

The only thing that is dismaying you about this war is the fact that it caused people to push for more renewables?

They didn't say 'only'. Unless there was an edit after your reply
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