The nightmare war scenario is becoming reality in energy markets

https://www.economist.com/finance-and-economics/2026/03/03/the-nightmare-war-scenario-is-becoming-reality-in-energy-markets

by petethomas • 5 months ago

37 8 5 months ago

economist.com

WarOnPrivacy• 5 months ago

https://archive.fo/YLqGx

pixl972• 5 months ago

People: "Trump, we should start moving away from ICE cars so we're less dependent on fluctuations on oil prices"

Trump: "Drill baby drill, electric windmills cause liberal bird testicular cancer"

Also Trump: "I am the peace president"

Also Trump: "So yea, I started a stupid war and gas prices are going to go way up, oh yea, and go buy a new 6 ton family sedan that gets 10 miles per gallon"

The inmates are running the jail.

tgrowazay• 5 months ago

In 2025, the US exported more crude oil and petroleum products than it imported:

https://usafacts.org/articles/is-the-us-a-bigger-oil-importe...

Gas prices were at lowest in 4 years before the Iran spike:

https://www.gasbuddy.com/charts

bluefirebrand• 5 months ago

In 2025, the US exported more crude oil and petroleum products

Another way to read this is "The US is still producing enough crude oil and petroleum to be a net exporter of these products"

pixl972• 5 months ago

Oil is a fungible commodity.

If oil production totally stopped in the middle east for reason, our gas price would spiral out of control as we'd put oil/gas on large ships and the companies would export it for massive profits.

This is why it's important to have multiple means of transport fuels, you're less subject to market variability.

renewiltord• 5 months ago

This has always been the thing. “Climate change is horrific and will kill millions. But let’s not build infill housing because that will ruin community character. Also let’s not build nuclear or wind because it will ruin views. Why yes I am an environmentalist from San Francisco”

Smoosh• 5 months ago

You left out a step:

Also Trump: We’re cancelling CAFE because it’s woke.

https://www.whitehouse.gov/fact-sheets/2025/12/fact-sheet-pr...

mono442• 5 months ago

especially bad for european union countries since they can't switch electricity generation to coal because it would push the ets price through the roof

The nightmare war scenario is becoming reality in energy markets

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