‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says | Oil

It was. Extensively. But politicians happily take money over most "potentially serious threats."

That timeline was diverted by Bush v. Gore in 2000.

Germany is still clinging to fossil fuels. We are even hiding reports of how good renewables are.

I mean all of this was already known back in 1996 when I started to pay attention and well before that too. But doctors knew that tobacco was bad for you for decades before anything was done to address it. And the tobacco industry had a tiny fraction of the power the oil industry has.

I swear not nearly enough people are thinking about it this way.

American Empire depends on oil. The last thing that institutions of America want is worldwide energy independence.

Inconvenient Truth. Maybe Al Gore was right.

On the short term. The whole point of the article is that on the long term humanity is finally moving off oil.

No. Oil shocks like this result in demand collapse. I work in the Canadian oil and gas industry and internal analysts are preparing for one big flurry of activity then a cataclysmic retraction in the industry. We’ve never seen these kinds of price discrepancies between physical oil for delivery and paper oil. Someone somewhere is doing all they can to keep oil futures suppressed. For example, in the 1974-80 oil shock physical oil for delivery and oil futures prices were within about 5% of each other. That means the price the market thought people would pay for oil was pretty close to what they would pay for oil. Right now physical oil for delivery is selling at 50-60% more than the current futures price. When those contracts come due there is likely going to be a massive short squeeze (possibly as early as May) and energy prices are going to skyrocket. This is thought to be heading towards a massive global recession which is really not good for oil companies in the medium term.

Ukranian drones have disproved that something can’t be bombed.

That’s just a way to say energy prices are going to increase.

Welcome to a world without spark plugs getting fowled, no more oil changes, no more air filter changes, no more timing chain replacements, no more blown cylinder head gaskets...

There's some strategies that the climate movement is too idealistic to try. Particularly when it comes to engaging conservatives. If you 1. Painted foreign emissions as a harm against your nation  2. Ignored domestic emissions  3. Ignored foreign emissions from oil exports With the right communication strategy you could engage Republicans on climate change. Isolationists and nationalists, currently can't comprehend the issue of climate change because all the current policies assume global trust and cooperation.  If you lack this trust, domestic first climate policy does not have expected economic net positive returns - just costs without benefits.  This is why fossil fuel propaganda explaining it away as a globalist conspiracy theory is so persuasive to them. The Climate movement has zero plan for a situation of deteriorating trust between nations. Trust is key to the Paris agreement as there are no consequences. A low trust world requires consequences first. And if the big 3 (US, EU, China) start punishing nations for the real harm from emissions that could be a much more reliable path to change. Even ignoring their own emissions, they will hold each others emissions to account with consequences.

I’ve heard it as a thought experiment before that if the US wanted to really go all out to stop climate change, they could just start bombing all the oil infrastructure. But of course that would be crazy.

A Carbon Tax is essentially the same idea, raise the price of fossil fuels artificially to make renewables more attractive.

Give him a Nobel prize for climate activism.

"The Gang Solves Global Warming"

"Clean coal" I will never forget him saying that from his first term disparaging renewable energy resources.

Biblical antichrist behavior, afaik, summarized: "f*** up so bad, people change for the better to avoid it happening again"

All the oil CEOs that funded trump will be creaming their pants at the moment. Two interdependent reasons. First they are making bank in the short term and second they dont give a f*** about the long term. 12 months is an eternity to these fucks and it will be way longer than 12 months before the oil markets return to 'normal'.

It really has been that 4D chess stuff maybe? Hahaha wouldn’t that be the kicker to the to 2020s.

I have this personal headcanon conspiracy theory that trump saw the future, knew what he needed to do, and chose to become the most hated man in the world because it was the only way to save the species. (Please, I'm desperate for some logical explanation other than "49 percent of voters are racist transphobes".)

Optimistic of you to not see it’s too late

Trump finally doing something right for the wrong reasons.

It did, green energy is now the leading supplier of energy. The old world is dying, this is its gasping breath. The petrodollar will break the house of cards.

Often times you meet your destiny on the path you took to avoid it.

I'm ready to forgive all the insults, the gaslighting, the stress, and all the crazy and corrupt shit if they actually resolve the climate crisis. I think that fumbling covid and the greed that came behind it was great for climate change. People are traveling less, consuming less because everything is so crazy expensive, etc.

I’m sure the Trump family is leaning heavily into nuclear and this is all part of the money making plan

That would have made a great Simpson’s episode.

Game theory in action. Your opponent gets something they want. You still win.

AI is driving renewable like crazy. After most of them go bankrupt everyone will have super c**** power.

I don't think it counts when it's both not on purpose and they're killing green investment here in the US where we're going to get left way the f*** behind in c**** energy infrastructure right when (if you believe the hype) the AI revolution is going to put more of us out of jobs while also increasing our energy demands and therefore costs.

Nothing in this f****** universe could make him the… jesus I can’t even type it. THAT.

I honestly think nuclear is a more reasonable alternative to oil than solar in most places, and honestly I can see a lot of countries pushing their nuclear programs forward more now too because the other thing trump is doing is showing that the U.S. cannot be trusted as an ally.

some might even call it yuge

The bigliest!

If they hit some bigger fishing boats, I could see this happening.

Greta is demanding trump to send oil to cuba, what strange times we live in

Most major car manufactures in the US have taken multi-billion dollar write offs on their EV investments as they’ve rolled back to a more gas and hybrid approach. Whatever the court decide, they aren’t going back anytime soon. This will set the US EV market back 10+ years - which is a lifetime these days.

Inflation reduction act tax credits were gutted, you no longer get a $7500 deduction for buying a new electric car

His goal has obviously been treasonous sabotage since the first term but nobody ever seems to put two and two together. 

Honestly.. yea.. trump was the crisis that ripped off the mask of the US being a reliable partner

What sucks is the transformation will be just far more painful that was needed) EU and states like California had deadline set up as 2035, with how things are, now the ideal time would be 2025.

How? My country is cutting back on domestic flights because of price and availability concerns. There’s visible demand destruction taking place

Maybe because it was discontinued? [https://www.npr.org/2025/12/15/nx-s1-5645147/ford-discontinues-all-electric-f-150-lightning](https://www.npr.org/2025/12/15/nx-s1-5645147/ford-discontinues-all-electric-f-150-lightning)

Probably realized like many do, not everyone needs a truck.