bing news | Oil at $150 would trigger global recession, says boss of financial giant BlackRock

Larry Fink, the chief executive of BlackRock, warned that if oil price climbs to around $150 a barrel it would trigger a global recession, especially if Iran remains a threat to the market. He outlined two possible outcomes of the Middle‑East conflict: a settlement that brings oil back below pre‑war levels, or a prolonged period of $100‑plus oil that would “have profound implications” and likely usher in a “stark and steep recession.” Fink urged governments to be pragmatic about their energy mix, using all available sources while accelerating the shift to cheaper, renewable power to sustain growth and living standards.

When asked about the risk of a repeat of the 2007‑08 financial crisis, Fink said the current financial system is far more resilient and he sees “zero similarities.” Although some investors have pulled back from private‑credit funds, he believes those issues represent only a tiny slice of the market and institutional investment remains robust. He also dismissed talk of an artificial‑intelligence bubble, insisting that while there may be occasional failures, the sector is not over‑hyped and is essential for future competitiveness.

Fink highlighted that the AI boom will reshape the labour market, creating huge demand for skilled trades such as electricians, plumbers and welders, while reducing some traditional office roles. He argued that decades of emphasising university degrees have left a shortage of technical expertise, and societies should re‑balance education to value hands‑on careers equally. In his view, cheap, reliable energy is a prerequisite for AI development, and nations must invest in both renewable power and technical training to ensure inclusive, sustainable growth.

Read more: https://www.bbc.com/news/articles/c9wqrdkx8ppo

#larryfink #blackrock #iran #middle-east #renewablepower

The Russians are doing their part to accelerate the move away from fossil fuels to renewable power.

#FossilFuels #RenewablePower #SolarEnergy #WindEnergy

https://e360.yale.edu/features/ukraine-war-renewable-energy

Have you ever considered community construction in a very remote location? Here's an open source tutorial that explores how to establish your energy infrastructure in a situation like that.

https://www.onecommunityglobal.org/100-percent-off-grid-energy-setup/

#SustainableEnergy #RemoteCommunity #RenewablePower #EnergyIndependence #EcoInnovation #GreenInfrastructure #SolarPower #OpenSourceSolutions #SustainableDevelopment #OneCommunityGlobal #CleanEnergy

Apple adds 650 megawatts of renewables in Europe with more coming in China

https://fed.brid.gy/r/https://techcrunch.com/2025/10/15/apple-adds-650-megawatts-of-renewables-in-europe-with-more-coming-in-china/