Every week brings more twists and turns to the war in Iran and the crisis that has kept the Strait of Hormuz, a key lane for fuel shipments, mostly closed.
As the crisis has continued, electrification and non-fossil fuel power has received more and more attention.
In the long run, electric vehicles can displace the oil that is refined into fuel for the internal combustion engine.
And renewables can displace natural gas in the power sector.
Largely missing from the public discussion is the opportunity to catalyze a broader shift to alternative fuels across sectors that can’t be electrified easily.The closure of the Strait of Hormuz hasn’t just stopped the flow of natural gas and crude oil but has also simultaneously made it more difficult to get refined products—everything from jet fuel to …
المصدر: time
