It will be funny if oil goes $200+ because it means everyone gets serious about solar. Meaning when capacity is restored prices will be even lower further reducing the chance of the US making any money on its oil.

For oil, I'd guess so. With COVID-19, there was a substantial reduction.

Though a wrinkle is that it's also disrupting LNG shipments. Coal power generation is a substitute good for natural gas power generation. One way that countries in Europe offset reduced natural gas availability when Russia cut supply was to increase (more-carbon-intensive) coal use, and I assume that the same thing will happen again now, so that might cause emissions from electrical power generation to rise, even if supply of a fossil fuel falls.

I expect that as we see what happens on the policy front and with consumer choice in response, that there will be people going off and modeling the impact.

Or else manufacturing excuses to open up domestic drilling sites.

Damaged is as good as destroyed for the short term market. Much of this oil field equipment is pretty specialized and considering the widespread damage, both materials and skilled labor for repairs will be in short supply. Even if hostilities ended tomorrow, it will probably take 9-12 months to restore output from all damaged facilities, and outright destroyed ones may never ever come back online.

It also specifies "refining capacity" which is really not the same thing as "energy infrastructure" in a region that exports so much crude...

And Thanks to usa, europe are going to press the speeder of ending fussel fuels now quicker than ever.

Bold of you to think he had a plan.

I assume he thinks that American companies will get the contracts to rebuild it all, and control the oil afterwards. Specifically, American companies which have shown the appropriate gratitude to him.

I hope that this can be one of the silver linings to this whole thing.

And to ditch the usa

Pressing X to doubt

or ration energy consumption for the poor and middle classes. place your bets now!