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Fantastic news, the longer the price is held up, the longer oil price levels tilts the economics towards electrification. As Iran Crisis Upends Oil and Gas, Cl

Fantastic news, the longer the price is held up, the longer oil price levels tilts the economics towards electrification. As Iran Crisis Upends Oil and Gas, Clean Energy Gets Complicated - https://www.bloomberg.com/news/articles/2026-03-02/middle-east-conflict-what-it-means-for-the-green-energy-transition https://www.bloomberg.com/news/articles/2026-03-02/middle-ea... | https://archive.today/fIND6 https://archive.today/fIND6 - March 2nd, 2026 > The European Union has already seen the benefit of pivoting to renewables after Russia’s invasion of Ukraine, though it also sought alternative sources of gas which are now under threat. Between 2019 and 2024, EU countries installed enough wind and solar capacity to avoid burning 92 billion cubic meters of gas and 55 million tons of hard coal in 2024, according to Agora Energiewende. > “We’ve had tangible results,” said Frauke Thies, the think tank’s Europe director. “It was thanks to renewables that Europe wasn’t hit harder by the last energy crisis.”

stvltvs 8mo ago
It also tilts the economics toward extracting from more expensive oilfields if the price stays high long enough.
- toomuchtodo 8mo ago
  Sort of. There’s a bullwhip effect with starting and stopping production from those economically marginal fields, whereas clean energy and storage deployed due to these fossil energy price levels will remain in service for at least the next two decades. For more research on this topic, keywords are “restart logistics shut in well.” If these fields are currently in production, certainly, it squeezes some more life out of them unfortunately. https://cyrusashayeri.substack.com/p/restarting-fieldwide-shutdown-for https://cyrusashayeri.substack.com/p/restarting-fieldwide-sh...
  - toomuchtodo 8mo ago
    Additional citation: Why $100 Oil Isn't Going to Spark a New Shale Boom – Oilprice.com - https://news.ycombinator.com/item?id=47324000 https://news.ycombinator.com/item?id=47324000 - March 2026

stvltvs 8mo ago

It also tilts the economics toward extracting from more expensive oilfields if the price stays high long enough.

toomuchtodo 8mo ago
Sort of. There’s a bullwhip effect with starting and stopping production from those economically marginal fields, whereas clean energy and storage deployed due to these fossil energy price levels will remain in service for at least the next two decades. For more research on this topic, keywords are “restart logistics shut in well.” If these fields are currently in production, certainly, it squeezes some more life out of them unfortunately. https://cyrusashayeri.substack.com/p/restarting-fieldwide-shutdown-for https://cyrusashayeri.substack.com/p/restarting-fieldwide-sh...
- toomuchtodo 8mo ago
  Additional citation: Why $100 Oil Isn't Going to Spark a New Shale Boom – Oilprice.com - https://news.ycombinator.com/item?id=47324000 https://news.ycombinator.com/item?id=47324000 - March 2026