Mastodawn

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

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beemoh Mar 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.

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Nini

@beemoh @ChrisMayLA6 I figured it was closer to knowing their time is up so it's just burning it all down at this point, a sort of nihilism that'd allow everything on Earth to experience heat death just so they wouldn't have to see their industry die.