This is probably the worst thing oil corps could ask for, and I can guarantee you with every ounce of my being that they are furious over this.
It might check the phantom "short term profits" box, but anyone with any modicum of business sense (and the oil boys are no amateurs) see this event as probably the largest nail ever driven into the oil coffin.
Trump could not have given a bigger gift to the anti-oil crowd, making every human on Earth think "Damn, this shit is getting expensive and unreliable, what alternatives are available?"
> see this event as probably the largest nail ever driven into the oil coffin.
It will probably go like this:
war -> fuel costs explode -> economic crisis -> AI bubble burst -> bigger economic crisis -> eventually rebuild on the ruins of what is left and go electric
It might check the phantom "short term profits" box, but anyone with any modicum of business sense (and the oil boys are no amateurs) see this event as probably the largest nail ever driven into the oil coffin.
Trump could not have given a bigger gift to the anti-oil crowd, making every human on Earth think "Damn, this shit is getting expensive and unreliable, what alternatives are available?"