I disagree. That oil you are seeing burning is just a few days of normal production. So it would have gotten burnt regardless. If you take the broader view, disrupting global oil production will give renewable energies a much needed push. If your petrol gets too expensive, the electric car maybe looks better now. Using solar and wind looks better when fossil fuel prices are more expensive. And heating your home with a heat pump is currently much, much cheaper than using gas or oil. So this will give a push, if done correctly.
Some countries might even wake up and realize that it’s better to produce their own energy from the sun shining on their own soil than being kind of a victim of whatever happens somewhere else in the world.
No. Complete opposite. Not just full emissions from the buring oil, but replacement oil “needs” to be dug up.
I disagree. That oil you are seeing burning is just a few days of normal production. So it would have gotten burnt regardless. If you take the broader view, disrupting global oil production will give renewable energies a much needed push. If your petrol gets too expensive, the electric car maybe looks better now. Using solar and wind looks better when fossil fuel prices are more expensive. And heating your home with a heat pump is currently much, much cheaper than using gas or oil. So this will give a push, if done correctly.
Some countries might even wake up and realize that it’s better to produce their own energy from the sun shining on their own soil than being kind of a victim of whatever happens somewhere else in the world.
Oil spikes do be making a MF invest in alternative energy. Just hope you don’t get clean coal