I think we are all about to pay the “moron premium”…
11.03.2026 16:45
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I think we are all about to pay the “moron premium”…
Yes, good to see this. Influenced, I expect, from your response to his column last week and this excellent piece from @pkrugman.bsky.social open.substack.com/pub/paulkrug...
I missed this great thread by @acjsissons.bsky.social last week. Glad I caught up with it today and thoroughly endorse the points he makes and the overall message he sends.
there's a theory that if only Britain exploited North Sea oil we'd be secure from a global energy price shock
which totally ignores (or doesn't understand) the fact that energy prices are global and a rise in UK production (from a declining basin) would have negligible impact on that global price
Good Lord, Trump seems to have forgotten that in war, your enemy gets a vote. If the Iranians read this, they will understand he is terrified and desperate, and probably speed up the mining of the straits. Worst war leader in US history.
Today's #HydrogenSoufflé comes to you from Norway. In 2022 the Public Roads Administration awarded a 4.9bn NOK ($520 million) contract for 2 #hydrogen ferries. Internal documents found by NRK show the fuel cell lifetime may be less than 10% of the 7.5 years promised.
www.nrk.no/trondelag/xl...
Cor, sure would feel great right now if we were self-sufficient in renewable energy, and laughing at all the rubes reliant on global oil supplies. We'd have a bit of a swagger in our step today.
A really important graph from @stephenkb.bsky.social newsletter this morning.
Military action in the Middle East is causing energy prices to surge & unlike the 2022 spike oil is also surging in price.
We have not seen any clear explanation about how this conflict will end...
We all know a diet soda with a fast food burger doesn’t make it healthy. So when Big Tech promises AI will solve the climate crisis – despite no evidence that consumer platforms like ChatGPT, Gemini, or Copilot actually do – take it with a big pinch of salt.
👀 beyondfossilfuels.org/2026/02/17/t...
This is what happens when politics turns from ideology to attention, and that's not good for a functioning democracy.
It will never not fustrate me that the Tories havent faced any consequences for how they systematically underfunded our forces - all while claiming to be a party serious about defense.
And now they want us to get involved in a random, pointless war, shredding what little equipment we have.
Trump's decision to bomb Iran is now the greatest windfall to the Russian war effort on record. If it continues, it might save the Russian war economy.
Britain was ‘dependent on energy imports’ through the 14 years of Tory rule from 2010-24. Their policies actually made us *more* dependent on oil and gas imports, not least of all Osborne’s decision to ‘dash for gas’ fired power stations and the ban on English wind farms.
Lobbyists for the UK wood-burning stove industry threaten councils with legal action over public information campaigns on the harms of #airpollution
- "Straight from the playbook of tobacco" says Jemima Hartshorn, at Mums for Lungs
www.theguardian.com/environment/...
Things look grim in the markets right now, but at least the U.S. economy wasn’t already being propped up by a massive speculative AI bubble that is highly sensitive to rising energy costs.
The FT endorses LTNs, better for the environment, for society and adds a premium to your property value. FT Weekend 7/8 March.
A lesson about abusive relationships: you can’t placate the abuser.
Wondering if the media would've chosen "honored" as the verb if Obama had saluted fallen soldiers in a fucking baseball cap
'There has been oil traffic through the Strait of Hormuz for 80+ yrs, and not a single day...has it ever been closed to traffic. After 8 decades, we have now entered a new era of geopolitics in the region,where we now have 5 or 6 days of practically zero traffic’
www.argusmedia.com/en/news-and-...
The idea the North Sea is some great goldmine waiting to be tapped is entirely at odds with reality.
Meanwhile, Spain's massive investment in renewables is paying dividends now: with prices for Spanish industry and consumers low and stable compared with other European economies.
www.ft.com/content/ac77...
Fascinating to watch 🇫🇷, then 🇬🇧, then 🇮🇹, now 🇩🇪 start to acknowledge what 🇪🇸's government recognised from the very start: the Trump-Netanyahu war on Iran is a reckless intervention conducted without regard for rules of war and without a strategy for what comes next.
www.bloomberg.com/news/article...
Prime Minister of Poland👇
There’s always a Tweet (or whatever Trump calls it in his private domain):
Chart showing European gas, Brent crude oil and stock prices since the start of 2026. Gas prices are up 80% (mostly since the Iran invasion), oil prices up 40%, and stocks have barely changed
One way in which a 2026 energy crisis* might be different to 2022: it would likely affect oil as well as gas.
In 2022, the main issue was gas, which mainly affected electricity and heating bills.
If oil spikes as well, expect transport and more industrial production to face problems
Sunlight travels 93 million miles to reach the earth
None of them through the Strait of Hormuz
billmckibben.substack.com/p/sunlight-t...
The Guardian on our new study, which shows that global heating is significantly gathering speed. Our efforts to overcome our fossil fuel addiction should do the same.
www.theguardian.com/environment/...
Drilling more North Sea oil and gas won't drive down UK energy prices, says fact sheet put out by the UK government on the impact of Iran war
Interestingly, it's quite similar to the one the then Tory-led govt put out in the wake of Russia's invasion of Ukraine
(FT) - Qatar’s energy minister has warned that war in the Middle East could “bring down the economies of the world”, predicting that all Gulf energy exporters would shut down production within weeks and drive oil to $150 a barrel.
@financialtimes.com
www.ft.com/content/be12...
NEW: After Gorton & Denton, how should we understand the threat to Labour's left?
Big new @persuasionuk.bsky.social report out with @38degrees.bsky.social on 'progressive defectors' - Lab 2024 switchers to Greens, Plaid, SNP, Lib Dems.
Who are they, who are they not & what's moving them? 🧵