>France’s Finance Minister Roland Lescure revealed on Wednesday that between **30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.**
Meanwhile, Italian Prime Minister Giorgia Meloni has travelled to Algeria for emergency energy talks, seeking to secure increased gas deliveries to Italy as the country scrambles to replace lost LNG supplies from Qatar.
With fossil fuel supplies under severe strain, both the UK and Germany signalled on Wednesday that the energy crisis is accelerating their green transitions.
This, as European Central Bank President Christine Lagarde assured the continent that the ECB has several options for dealing with the inflation shock triggered by the US-Israeli war on Iran, and vowed policymakers would not be “paralysed by hesitation”.
First time I m seeing actual numbers by a European official, who probably has a lot more access than public stuff.
Docccc on
did we say thank you yet?
AlpenroseMilk on
This can almost all be blamed on one decrepit old fool, too.
potatolulz on
So is it time to invest in trains, EVs, solar/wind/hydro now? Or are we still at “think of the ~~children~~ combustion engine cars production!” 😀
Whole-Cookie-7754 on
I’m glad some progress have been made on renewable energy. But clearly, we need much more.
Can’t wait for the day EU doesn’t have to rely on the yanks and arabs.Â
NeedNerdGlasses on
What do we want?
Solar panels!
Where do we want them?
Everywhere!
When do we want them?
Yesterday!
designbydesign on
You can say a lot about Macron, but he started preparing to build new reactors as soon as Russia invaded Ukraine.
7 commenti
>France’s Finance Minister Roland Lescure revealed on Wednesday that between **30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.**
Meanwhile, Italian Prime Minister Giorgia Meloni has travelled to Algeria for emergency energy talks, seeking to secure increased gas deliveries to Italy as the country scrambles to replace lost LNG supplies from Qatar.
With fossil fuel supplies under severe strain, both the UK and Germany signalled on Wednesday that the energy crisis is accelerating their green transitions.
This, as European Central Bank President Christine Lagarde assured the continent that the ECB has several options for dealing with the inflation shock triggered by the US-Israeli war on Iran, and vowed policymakers would not be “paralysed by hesitation”.
First time I m seeing actual numbers by a European official, who probably has a lot more access than public stuff.
did we say thank you yet?
This can almost all be blamed on one decrepit old fool, too.
So is it time to invest in trains, EVs, solar/wind/hydro now? Or are we still at “think of the ~~children~~ combustion engine cars production!” 😀
I’m glad some progress have been made on renewable energy. But clearly, we need much more.
Can’t wait for the day EU doesn’t have to rely on the yanks and arabs.Â
What do we want?
Solar panels!
Where do we want them?
Everywhere!
When do we want them?
Yesterday!
You can say a lot about Macron, but he started preparing to build new reactors as soon as Russia invaded Ukraine.