The key part here is that there’s been a huge structural shock due to infrastructure getting destroyed and Hormuz being closed. This isn’t an event countries can just hunker down for a few months to ride out. So, there’s really no other choice now. Either you start building out renewables or your economy is going to unravel.
It’s going to wind up as a transformative event, but I don’t relish getting to the other side. Especially with a government adversarial to moving off of the fossil crap.
The key part here is that there’s been a huge structural shock due to infrastructure getting destroyed and Hormuz being closed. This isn’t an event countries can just hunker down for a few months to ride out. So, there’s really no other choice now. Either you start building out renewables or your economy is going to unravel.
It’s going to wind up as a transformative event, but I don’t relish getting to the other side. Especially with a government adversarial to moving off of the fossil crap.
indeed