How the Strait of Hormuz standoff flipped the energy security debate
www.cnbc.com
Iran's influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate.
    • HobbitFoot @thelemmy.clubEnglish
      61·
      2 months ago

      It won’t collapse; you still need to build out enough infrastructure to replace fossil fuels.

      What will happen is that there is going to be a massive economic shock as any fossil fuel related industry sees costs spike. For instance, I expect several low cost airlines to go out of business.

      Any energy infrastructure being built will likely be non-fossil fuel.