by Dr. Samuel Furfari 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. A half… Continue Reading
by Vijay Jayaraj In the volatile waters of the Strait of Hormuz, maritime traffic has slowed to an agonizing crawl. Roughly a fifth of global oil trade passes through this narrow passage. Nearly half of the crude headed toward Asia must cross these waters. As the Iran war escalated, insurance firms raised premiums sharply, ship… Continue Reading
by Vijay Jayaraj The Iran war has exposed the fragility of much of the world’s energy system. Years of political theater disguised as climate policy – demonizing fossil fuels and glorifying unreliable wind and solar energy – dismantled a dependable energy infrastructure. Europe is a cautionary tale of the “green” delusion. EU politicians ignored the… Continue Reading