It is a bittersweet victory. Petroleum demand is going to be forever destroyed -if you were on the fence about scaling renewables, all doubt has been eliminated. Energy dependence is a strategic nightmare, with a proven solution available for the taking. Solar, batteries, EVs, whatever you can install, as quickly as possible. There are already regional stories where solar-friendly Spain is seeing lower price changes than Italy because the renewables are lessening the impact of the closure.

However, if you were financially struggling before this happened, you are in for a world of hurt. Food, fuel, fertilizers, and dozens of downstream refined products are going to see large price increases for months to years.

I wonder how much has been offset by all the bombings and oil dependent countries having to fall back to coal until they can switch to solar or another oil supplier (if they can afford to do either at all).

That really depends. Oil and gas could just as easily get replaced by coal in a not-very-different alternative world.

If a temporary disruption, we’d go back to business as usual as soon as the supply constraint abated. The scale and time duration oil flows will be disrupted has led to a “burn the ships” transition, because it is simply the more economically rationale path now. More rapid global energy transition means the forward carbon emissions curve gets bent down.

https://oilprice.com/Latest-Energy-News/World-News/Irans-Oil...

https://oilprice.com/Energy/Energy-General/Persian-Gulf-Oil-...

https://www.cnbc.com/2026/05/28/oil-inventory-exxon-strait-h...

Sure, but I'd wrap that up into the renewables box.

Yeah, that would be wonderful too, but I didn't want to engage the downvoters (like you apparently did). This is a forum for discussing "hacking", not for political tribalism (not addressed to you but to them). SMDH.