So, if we take the instruction to follow the money... then the news that US oil groups are likely to gain upwards of $60bn windfall from the rise in global oil prices caused by the US/Israeli attacks on Iran & the Iranian's response, would lead one to presume few in the oil industry will be working to resolve this crisis....

Of course, their short-term advantage may in the end prove a pyrrhic gain if it encourages a speedier take up of alternatives (renewables)?

#Iran #oil #economics
h/t FT

@ChrisMayLA6

"Short term profits" = sure money to shareholders. Purpose fulfilled, big bonuses to management.

"Long term" = uncertainty about returns, unquantifiable risk, space for competitors now, negative pressure on share price, unsatisfied shareholders, smaller bonuses.