What began as one oil shock has now multiplied into three separate catastrophes – an oil shock, a shipping shock, and a refinery shock – each triggered by a different war in a different part of the world, culminating into a global catastrophe that’s already hitting. This video would not have been possible without reporting by Bloomberg, the Wall Street Journal, the Financial Times, Reuters, CNN, Defense Express, Marine Link, and others.

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[–] 3 points 1 month ago

The root of the problem is people think we can transition from fossil fuels to electricity and renewables and still have the "normal" that was built on fossil fuels.

I agree, we can't maintain the normal fossil fuels built with clean electricity. But, we can't maintain this normal regardless. It's not sustainable. We need to transition to clean electricity even though that's going to mean a new normal. A lot of people don't want a new normal, and to those people I say: want in one hand and shit in the other and see which one fills up faster. We're getting a new normal one way or another.

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