by yeah879846
0 subcomment
- https://archive.is/c3LGR
by jaggederest
15 subcomments
- By my back of the envelope math, once we've fully transitioned away from fossil fuels as an energy source (distinct from, say, as a chemical feedstock), and fully remediated the externalities and damage they've done both in terms of atmospheric CO2, political violence, and direct environmental contamination, the entire industry is likely going to be net negative as a whole from the beginning of usage to now. That's kind of an amazing thing to think about, even if it is an order of magnitude off in one direction or another.
A similar example would be the asbestos mining and manufacturing industry, which has been essentially fully destroyed by legal settlements.
by Tiktaalik
3 subcomments
- > But the U.S. economy is still more reliant on oil than others: U.S. oil intensity is twice as high as the European Union and 40% higher than China’s, according to Rosemary Kelanic, director of the Middle East Program at think tank Defense Priorities. This is largely because the U.S. doesn’t have much public transportation or electric-vehicle adoption.
A painful reminder of the harsh costs of automobile dependency.
We've had the solutions to get off this rollercoaster since the 19th century, but weird ideologues continue to throw up barriers to any and all change. The reality is that enabling the alternatives wouldn't just limit climate change, but save us money too.
by mordymoop
4 subcomments
- Interestingly, in inflation-adjusted terms, oil is currently at a price level lower than the price level that was maintained from 2006-2014.
by KaiserPro
2 subcomments
- Morals aside, Is not like anyone could have predicted this would have happened if you just go bomb the living shit out of a country that has the ability to shut off 1/5th of the worlds oil supply.
Its not like they done it before, https://en.wikipedia.org/wiki/Tanker_war no, don't look at history, its for the woke.
Its not like they've been planning it for the last 30 years either.
by toomuchtodo
1 subcomments
- Fantastic news, the longer the price is held up, the longer oil price levels tilts the economics towards electrification.
As Iran Crisis Upends Oil and Gas, Clean Energy Gets Complicated - https://www.bloomberg.com/news/articles/2026-03-02/middle-ea... | https://archive.today/fIND6 - March 2nd, 2026
> The European Union has already seen the benefit of pivoting to renewables after Russia’s invasion of Ukraine, though it also sought alternative sources of gas which are now under threat. Between 2019 and 2024, EU countries installed enough wind and solar capacity to avoid burning 92 billion cubic meters of gas and 55 million tons of hard coal in 2024, according to Agora Energiewende.
> “We’ve had tangible results,” said Frauke Thies, the think tank’s Europe director. “It was thanks to renewables that Europe wasn’t hit harder by the last energy crisis.”
- Perfect timing for the new 3L V8 Ford Mustang!
https://www.roadandtrack.com/news/a70578826/ford-brings-3-li...
by josefritzishere
3 subcomments
- Oil was $109 when I checked. Some parties may ramp up production but an active military conflcit is going consume a large volume of oil. Prices are only going up from here.
by EcommerceFlow
1 subcomments
- And it's already down to $95 lol
by htx80nerd
3 subcomments
- did anyone do this same reporting during the biden or obama years?
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