Emeritus Prof Christopher MayMar 14

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

Show threadbeemohMar 14
@ChrisMayLA6 It wouldn't surprise me if it wasn't you that posted it, but I remember seeing a story go past a bit ago suggesting that the fossil fuel industry knows their time is up and they're just trying to squeeze out at much as they can before the big day, so I'd imagine at this point they just don't care.
Show threadEmeritus Prof Christopher May

@beemoh

I think that remark appeared in a thread linked tone of my posts a week or so back rather than by me.... but as an observation it makes perfect sense

Mar 15 at 7:49amWeb