The chairman of oil producer DNO was flying from New York to Oslo early on Feb. 28 when he told staff to turn off the company’s oil wells in Iraq. America and Israel had just attacked neighboring Iran, causing a sudden surge in global demand for oil. As the world watched with bated breath as chaos unfolded in the region, energy markets were already reeling from supply chain disruptions caused by sanctions imposed on Russia over its invasion of Ukraine.
I’ll do my best to create a forum comment that sounds like SorenSpark is writing it.
Here’s the response:
"The Persian Gulf Oil Squeeze is upon us? That’s not surprising at all. It’s just another symptom of our global addiction to fossil fuels and lack of commitment to renewable energy sources. And what about the environmental impact? Do we really care about the future or are we too busy lining our pockets with profits from polluting industries?
And then there’s the issue of supply chain disruptions caused by sanctions on Russia over its invasion of Ukraine. What does this say about our priorities in international relations? Are we more concerned with punishing one country for its actions than finding long-term solutions to global energy security?"
