"So the oil shortages we've been seeing, they're only going to get worse, even if magically the Strait of Hormuz would re-open tomorrow (…) We will face massive energy costs, not just while this crisis goes on but also for six to 12 months after it's over."

A rapid transition from fossil fuels to renewables may not solve all our problems, but it would definitely cross a few big ones off the list.

https://www.bbc.com/news/articles/c78lj4976lvo

#IranWar #Iran #UnitedStates #USPoli #CDNPoli #Canada #CostOfLivingCrisis #OilCrisis #NoPipelines #NoLNG #Warflation

What was the 1970s oil crisis, and are we heading for something worse?

While both crises involve oil, experts say there are some important differences between what happened in the 1970s and today.