The ideal would be to tax fossil fuels to fund the green transition, rather than having the current chaos. But it's important to understand that without changing the relative prices of green electricity and fossil fuels the change will not happen on time to avoid irreversible climate change
Carlota Perez
Based on the framework of @carlotaperez.bsky.social, @rgmcgrath.bsky.social cleverly outlines the blind spot nobody wants to see in the current debate: the crisis at Hormuz is an opportunity; the spike in oil prices, a market signal. Worth and necessary read. shorturl.at/6B8W1.
Iran War: Rattling oil markets and predictions of $150 per barrel are forcing a reevaluation of cheap energy's long-held economic assumptions. This price shock, rather than a catastrophe, could be a n...
