29 votes

France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed

7 comments

  1. [4]
    0xSim
    Link
    Just like enterprises that could never offer homeworking suddenly implemented it overnight in 2020, maybe this crisis will be the much needed kick in the ass for our leaders to overcome the...

    Just like enterprises that could never offer homeworking suddenly implemented it overnight in 2020, maybe this crisis will be the much needed kick in the ass for our leaders to overcome the inertia about reliance on fossil energy.

    28 votes
    1. [3]
      skybrian
      Link Parent
      There are some changes that can happen quickly, but we saw during the pandemic that supply chains are less flexible and have more dependencies than one might naively expect. Some investments take...

      There are some changes that can happen quickly, but we saw during the pandemic that supply chains are less flexible and have more dependencies than one might naively expect.

      Some investments take time. If a factory takes two years to build, and you don’t know what prices will be like in two years, should you build it? Maybe the crisis will be over and there will be a glut?

      Consistent policy encourages long-term investments. When people do the calculations to figure out if an investment will pay for itself, that gives them solid numbers to work with. Short-term shocks, not so much.

      8 votes
      1. [2]
        macleod
        (edited )
        Link Parent
        That is the point, with the inherent vulnerability and volatility of the fossil fuel energy industry (logistics, production, value), then why wouldn't you begin looking into domestic renewable...

        Consistent policy encourages long-term investments. When people do the calculations to figure out if an investment will pay for itself, that gives them solid numbers to work with. Short-term shocks, not so much.

        That is the point, with the inherent vulnerability and volatility of the fossil fuel energy industry (logistics, production, value), then why wouldn't you begin looking into domestic renewable energy sources for those solid long term numbers? The only real options are renewables, and domestic green energy production and infrastructure such as wind, solar, hydro, and nuclear.

        This could be the kick that is needed to finally convince the warmongers up top that the only path to their own security and defense is domestic energy production through sustainable renewable production infrastructure.

        12 votes
        1. skybrian
          Link Parent
          I do expect Asian countries in particular to reduce dependency on the Middle East.

          I do expect Asian countries in particular to reduce dependency on the Middle East.

          3 votes
  2. Tum
    Link
    I would also like to point out that attacks have also targeted neutral countries (such as the UAE, as discussed in this video). I don't see helping innocent countries defend themselves as implicit...

    I would also like to point out that attacks have also targeted neutral countries (such as the UAE, as discussed in this video). I don't see helping innocent countries defend themselves as implicit support for the war that is causing this damage.

    Support or condemn the war, managing the broader fallout to surrounding countries and the global economy may be the best we can do in such circumstances.

    11 votes
  3. [2]
    Kremor
    Link
    As someone currently unemployed, this news fills me with dread. There go my hopes of finding a good job in the near future.

    As someone currently unemployed, this news fills me with dread. There go my hopes of finding a good job in the near future.

    10 votes
    1. jredd23
      Link Parent
      As deeply concerning as this is, from one internet stranger to another; I do wish you the best in your search for a proper job.

      As deeply concerning as this is, from one internet stranger to another; I do wish you the best in your search for a proper job.

      7 votes