🔋 🇺🇸 🛢 How the oilman’s president boosted a green transition

Donald Trump’s Iran war has made fossil fuels expensive and unreliable


France has some of the greenest energy on Earth – all thanks to its decision, after the oil shock of 1973, to stop relying on expensive fossil fuels from the unreliable Gulf. Now, others could follow.

Now, especially if the current energy crisis lengthens, many other countries could follow France in turning away from fossil fuels. Even if the crisis ends now, the memory of the turmoil of recent weeks will surely hasten the green transition.

But with long-term supplies of oil and gas increasingly unpredictable, they may have to. About 80 per cent of the world’s population lives in countries that are net importers of fossil fuels. Those prices have jumped while renewables keep getting cheaper. Last year, they accounted for 85.6 per cent of all new capacity in global power plants. The green transition has already begun. This crisis will accelerate it.

Europe and the Asia-Pacific need a reliable energy base. That now requires abandoning fossil fuels, and electrifying their economies. They will gladly pay premiums to predictable suppliers like Canada, Norway and Australia, which aren’t about to invade anyone or renege on trade deals because their leader is upset. The biggest winner will be China, chief global supplier of electric vehicles, batteries, solar panels and most other components of the green economy. Cannily, it has remained a reliable trade partner. True, going green will make us more dependent on Beijing. But buying panels or EVs is a softer dependency than needing daily Gulf oil.

The longer the crisis lasts, the stronger government action will become. After all, France only announced its nuclear plan five months after the 1973 shock. But consumers today are already leaping. Desperate for cheap energy, they are switching to solar panels and electric cars. Cutting emissions isn’t the aim, just an accidental byproduct.

A fast green transition seemed an impossible dream. Trump may have found the way to achieve it.

📎 Financial Times

🇪🇺🇷🇺🇸🇰 "Russian gas to Europe will end in 2027. So, Russians will supply Americans with gas & oil at standard prices, and Americans will sell it to us with an American high-margin surcharge! Are we such IDIOTS?"

— Slovak Prime Minister, Fico on the fact that the US will resell Russian gas & oil at a higher price

"EU should stop using the argument that by buying Russian oil and gas, we are financing Russian military machine" — adds

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🇪🇺🇺🇦 - Euroclear admitted that it already transferred Ukraine 6.6 billion euro of income from the frozen Russian assets.

🇪🇺 An accurate description of Kaka Kallas

🇺🇸🇮🇱🇮🇷 - Iran executed Erfan Shakourzadeh, a 29-year-old aerospace engineering graduate student at Iran University of Science and Technology who worked on satellite projects.

Iranian authorities accused him of working with the US intelligence service CIA and Israeli intelligence service Mossad, saying he transferred classified material, including satellite information and personnel data, and received cryptocurrency payments after communicating via LinkedIn, WhatsApp, and Google calls.

@TheWarReporter

🇬🇷🇱🇾 550,000 migrants in Libya are waiting to cross into Europe

Greek Migration Minister Thanos Plevris has reported a sharp surge in migrant arrivals on Greece’s southern islands.

Greece has temporarily suspended the right to apply for asylum for individuals arriving by sea from North Africa.

Plevris stated that those who do not qualify for asylum will be detained and returned.

The figures align with UNHCR data, which shows that more than 559,000 Sudanese refugees have entered Libya since April 2023, many of them now moving toward coastal areas for the crossing.

The International Organization for Migration (IOM) warns that 2026 has already become one of the deadliest years on record in the Mediterranean, with nearly 1,000 deaths reported as of April.

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Say goodbye to Europe

🇬🇧⚡️- Cabinet members will tell Starmer to resign tomorrow morning.

WHO's Director Tedros Ghebreyesus lets the cat out of the bag re: purpose of Hantavirus scam:

It's to set precedent for compliance with WHO's authoritarian "International Health Regulations"

"Countries are expected to cooperate based on International Health Regulation"

"I thank the prime minister because based on the request WHO made, he accepted, and the request I made was based on International Health Regulation"

"But not only the IHR. I think we should also be strong believers of solidarity. Solidarity, because that's our best immunity"

"It's only when we support each other that we can respond more effectively to virus or to outbreaks like this"

"It's also a moral duty"