AI6YR BenMar 9

There's some kind of strange irony in war in Iran causing gas prices to go up, which will (hopefully) encourage more transition to electric and hybrid vehicles (and even better, use of transit and alternate transportation means). 🤷

BBC: G7 nations to hold emergency meeting on oil as stock markets fall

https://www.bbc.com/news/articles/c79542n0grwo

#IranWar #climateemergency

G7 to take 'necessary measures' to support energy supplies

Finance ministers and the IEA discussed options for stabilising oil prices which surpassed $100.

Show threadTechnodadMar 9
@ai6yr While I overall agree that increasing gas prices will increase EV interest, there are secondary effects to watch for. For ISO New England for example, 26% of electricity is generated by natural gas, which will also rise if LNG supply is constrained. The good news locally at least is that spring is peak hydro capacity, and the days are getting longer for more solar generation. Time to watch the local marginal electricity prices, and for opportunistic rate hikes by utilities.
Show threadPaul_IPv6Mar 9

@technodad @ai6yr

it would be a bit of sweet irony in all the economic pain if the administration doing everything it can to destroy renewable energy wound up accelerating use of renewables through their insane war.

Show threadSupermoosie

@paul_ipv6 @technodad @ai6yr

It will also help Putin pay for his Ukraine war.

He is already trying to get European countries to buy from him again.

Mar 9 at 9:06pmWeb
Show threadPaul_IPv6Mar 9

@SuperMoosie @technodad @ai6yr

it exhausts the US supplies of smart weapons while not having them used in Ukraine, ups oil prices so that he has more means of getting hard currency to replenish his war materials, further isolates the US and Israel from the rest of the world.

putin must be popping champagne at every meal right now.