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Uncle Joe

(65,363 posts) Wed Apr 29, 2026, 11:45 AM 7 hrs ago

Will the Iran Oil Crisis Propel Global Energy Transition?

The United Arab Emirates announced Tuesday it would be leaving OPEC, the Organization of the Petroleum Exporting Countries, on May 1. The UAE has long disagreed with Saudi Arabia over oil production quotas and says it is leaving the group to focus on "national interests" and increase its production capacity.

"The fact that the UAE has pulled out means that this cartel will have less ability to be able to push up the price when it wants," says Akshat Rathi, senior climate reporter at Bloomberg News. "We've already seen some of it not working, because there are all these other producers, like the U.S.A., but also places like Guyana, that are increasing their production a lot."

Meanwhile, Rathi adds that as countries across the globe brace for the ripple effects of the energy shocks created by the U.S.-Israeli war on Iran, transitions to clean energy could be accelerated. "In the past, when countries were faced with this kind of energy shock, they had options that were quite limited," says Rathi. But now countries can "try and deploy as much renewables so that they can build energy supply at home."

6 replies

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Will the Iran Oil Crisis Propel Global Energy Transition? (Original Post) Uncle Joe 7 hrs ago OP

Not as long as the draft dodging rapist wannabe gangster not only cancels but pays companies billions to cancel ChicagoTeamster 6 hrs ago #1

The world isn't waiting on *rump Uncle Joe 6 hrs ago #2

They've been going around the US for years. European countries aren't going to end their renewable energy projects. ChicagoTeamster 6 hrs ago #4

Not in America. Autumn 6 hrs ago #3

Yes WSHazel 5 hrs ago #5

My guess: not really as long as (other) fossil fuel is available nitpicked 4 hrs ago #6

ChicagoTeamster

(1,135 posts)

1. Not as long as the draft dodging rapist wannabe gangster not only cancels but pays companies billions to cancel

Reply to Uncle Joe (Original post)

Wed Apr 29, 2026, 12:04 PM

6 hrs ago

renewable energy projects like the offshore wind projects he just paid the developers to cancel and replace with hydrocarbon based projects

Uncle Joe

(65,363 posts)

2. The world isn't waiting on *rump

Reply to ChicagoTeamster (Reply #1)

Wed Apr 29, 2026, 12:09 PM

6 hrs ago

Colombia Hosts Global Summit on Transitioning from Fossil Fuels in Attempt to Break U.N. Deadlock

ChicagoTeamster

(1,135 posts)

4. They've been going around the US for years. European countries aren't going to end their renewable energy projects.

Reply to Uncle Joe (Reply #2)

Wed Apr 29, 2026, 12:55 PM

6 hrs ago

This is just Trump making sure all US expenditure on Energy goes to the fossil fuel companies that gave him a billion dollar bribe

Autumn

(48,992 posts)

3. Not in America.

Reply to Uncle Joe (Original post)

Wed Apr 29, 2026, 12:20 PM

6 hrs ago

Here in this country we will sit in the dark ,cold and hungry. Repiglicans and some Dems ( you know who) will not care. It will not impact them.

WSHazel

(790 posts)

5. Yes

Reply to Uncle Joe (Original post)

Wed Apr 29, 2026, 01:58 PM

5 hrs ago

The UAE leaving OPEC is a sign that producers have serious concerns about the long-term demand for oil, and want to get more oil out of the ground now rather than later.

Europe and most of Asia have reached their limit on exposure to unstable political systems were most oil resides, and will take steps to reduce demand. I don't think these places will eliminate demand, but they will drive down demand enough that there is far more supply than demand, and oil will be cheap. This is a problem if you are a producer, especially an expensive producer like Russia, the U.S. or Canada. The shale oil boom has a high probability of ending within the next 5 to 10 years.

nitpicked

(1,925 posts)

6. My guess: not really as long as (other) fossil fuel is available

Reply to Uncle Joe (Original post)

Wed Apr 29, 2026, 02:17 PM

4 hrs ago

I believe a more likely outcome for now to be "all of the above", especially outside the US.

Including halting closeout of coal-power plants (and building new ones where that is allowed).

I wouldn't be terribly surprised if some tried to push to restart/rebuild on the sites of shuttered plants (including one near me, although it really wouldn't be practical for that one to be revived).

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