Charlie Stross15h ago

https://www.france24.com/en/france-confirms-oil-crisis-says-30-40-gulf-energy-infrastructure-destroyed

France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.

Business - France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed

France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.

FRANCE 24
Show threadAlan Langford πŸ‡¨πŸ‡¦πŸ§€πŸ§Šζ‘15h ago
@cstross The US DoD had a guy who warned them this would happen, but as it turns out his grandmother voted Democrat once in '59, so they fired him.
Show threadCurioso πŸ‰ πŸ‡ΊπŸ‡¦ (jgg)

@alan @cstross

The good thing about it is since Trump banned new offshore wind farms and paid compensations to the companies who were building them, now we have more options to create more renewable power plants.

Let's take advantage of it as fast as we can.

More integration about energy (power grids, gas, oil...) in Europe is another must; there a lot of buzz about it in Brussels nowadays.

8:51pmWeb
Show threadOf Bookish Things9h ago

@jgg @alan @cstross

$35B in EV and clean energy projects move to Europe, 38000 Jobs LOST to USA

* "There will be so much whining, you'll be tired of the whining! Please, Mr. President, make it stop."

https://www.youtube.com/watch?v=q2yGHTbS9so

US Companies ABANDON America - $35B Moves to Europe, 38000 Jobs LOST to USA

YouTube