economy
The Strait of Hormuz’s bitter lesson for the European Union
The crisis in the Strait of Hormuz reveals a truth that many European policymakers have ignored: Humanity remains structurally dependent on oil. This reality, first highlighted during the 1973 oil shortage and reinforced by the 1979 version—triggered by Iran—continues to be neglected, even openly dismissed, by certain political elites.
TL;DR
- The Strait of Hormuz crisis underscores humanity's structural dependence on oil, a reality neglected by European policymakers.
- Despite warnings since the 1970s, the EU prioritized CO2 reduction over energy supply security, a decision now proving disastrous.
- Wind and solar power generate electricity but not heat, failing to meet essential industrial, transportation, and heating needs, which are largely met by fossil fuels.
- The EU's 'green' transition is criticized as an illusion, imposing exorbitant costs and ignoring the reality of global energy geopolitics.
- The EU should increase domestic hydrocarbon production rather than rely on imports and abandon its "delusional" decarbonization goals.
- Countries like Brazil and Asian nations demonstrate pragmatism by pursuing domestic energy development, unlike French intransigence.
- The world has entered a new era of energy geopolitics driven by fossil fuel abundance and the determination of emerging countries to secure energy.