| petite6 |
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| Jokers Wild |
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| Reged: 08/14/06 |
| Posts: 189402 |
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The global energy system will never be the same (or at least won't be for a very long time), almost regardless of when the Iran conflict ends. 03/21/26 08:53 AM
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https://bsky.app/profile/zeitlin.bsky.social/post/3mhl7hiflgk2f
We had an oil glut going into the year. That's over, no matter what, there's hundreds of millions of barrels that are missing, forming an "air pocket" in the market. It's hard to imagine oil getting below $75 and it could go as high as $150 or beyond
Natural gas: a fifth of the world's LNG production is offline, and a fifth of that won't come back for years. Gas is already more expensive in asia and europe and southeast and south asia will likely increasingly ration and go without
Coal: asian countries are telling coal plants they can increase utilization and its share of german generation is already rising
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