9/ Over the past decade there has been a global green industrial buildout as country after country wanted a position in new industries. The problem in the mid-2020s was not factory overcapacity, but a lack of coordinated global demand
The Hormuz shock has violently solved that under-demand problem.
Can't tell you how long I've been waiting for a mainstream UK politician to say this.
www.theguardian.com/politics/liv...
18/ "In the short term, the war raises export income for US oil producers
In the longer term, the energy dominance strategy is self-defeating—creating profound volatility, insecurity,& intermittency that militates against investors, consumers, and govts alike"
www.phenomenalworld.org/analysis/daw...
16/ Trump "has made fossil fuels both expensive and unreliable. People used to worry that addiction to oil made us dependent on Middle Eastern autocracies.
...We have learnt since 2022 that it also makes us dependent on Trump, Vladimir Putin and Benjamin Netanyahu."
bsky.app/profile/ande...
Well done Charles. How nice to wake up to old-fashioned diplomacy. Calm, polite but direct in his message. What a lesson in manners to Trump’s vulgar rabble. And someone deserves a knighthood for that Trump bell. It will be mercilessly memed online - which is of course, the point: eyeballs.