Charlie Stross7h 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 threadNicole Parsons4h ago

@cstross

France had ample opportunity to ramp up its supply of wind & solar, but the fossil fuel industry funded the Yellow Vests & thwarted the switch to renewable energy.
https://www.bloomberg.com/news/articles/2026-02-12/france-slightly-pares-solar-and-wind-plans-on-weak-power-demand

https://www.bloomberg.com/news/articles/2025-12-09/french-grid-operator-sees-power-surplus-lasting-several-years

https://www.bloomberg.com/news/articles/2025-09-18/french-wind-power-backlash-seen-pushing-capacity-growth-to-20-year-low

https://www.reuters.com/business/energy/france-trims-wind-solar-targets-by-up-20-new-energy-law-2026-02-12/

Every nation who tires of having its food supply, industry, and economy held hostage by the oil industry needs to switch away from fossil fuel.

Autonomy. Agency. Sovereignty.

https://www.theguardian.com/world/ng-interactive/2026/mar/19/us-iran-war-cost

1/

Show threadNicole Parsons

2/

It all becomes possible when you stop giving away the wealth of your nation to oil oligarchs and petrostate despots.
https://www.theguardian.com/environment/2022/jul/21/revealed-oil-sectors-staggering-profits-last-50-years

https://www.euronews.com/2025/02/04/fossil-fuel-subsidies-g7-nations-ignore-targets-and-increase-taxpayer-funding-to-record-le

https://en.wikipedia.org/wiki/Fossil_fuel_subsidies

Revealed: oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years

Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert

The Guardian
12:11amWeb