‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says
"The oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world’s leading energy economist said."
https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birolOpen linkView original on sh.itjust.works
14 replies
one can hope
One can hope China is still selling solar panels and batteries. Because they are.
Once China reaches enough solar panels for itself the amount they export will skyrocket and it will provide solar for the whole world, because it's profitable at scale.
They've been exporting for years. Which is why USA made them expensive and made laws to prevent people from buying them.
China has been providing solar to the entire world for a long time. China produces more solar energy just inside China that exceeds the entire energy consumption of USA.
Take a moment on that one. Appreciate that scale.
So did Trump help alternative power?
Like everyrhing, hes incompetent. He tried helping big oil. He screwed them.
He's omni-incompetent.
Silver lining I guess...
Hooray! Fuck fossil fuels. Oil is valuable, why set it on fire?
Why don't we encase it in useless gold and use it as currency?
Petrochemical industry should be the last thing using oil in decades because it actually needs the exact chemical feedstock. But with declining demand there sound be enough oil wells in existence to keep enough supply to match the declining demand decrease slowly over time.
Can't embargo the sun, wind, waves, or geothermal energy
But most of the infrastructure for harvesting renewable power comes from China, has a price and import can be embargoed.
Mr. Burns did it ...