Mastodawn

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.

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Technodad Mar 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.

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Michael Busch

@technodad @ai6yr

Another secondary effect:

If oil and natural gas prices go high and stay high; a lot of oil and gas deposits that would otherwise be too expensive to be worth extracting may be pulled out and burned rather than staying in the ground.