Source: Paul Krugman
by Paul Krugman
“We are now in a global fossil fuel crisis. With oil and liquefied natural gas from the Persian Gulf unable to reach international markets due to Iran’s blockade of the Strait of Hormuz, hydrocarbon prices have been soaring around the world and widespread shortages are emerging. Anyone who thought that the U.S. would be insulated from this dire picture thanks to its large domestic oil production has had a rude awakening: the average retail price of gasoline has risen more than $1 per gallon over the past month, while the price of diesel is up $1.60. But the Trump administration hasn’t allowed these short-run distractions to divert it from its long-run goals: It remains deeply committed to killing renewable energy, especially wind power, and increasing America’s reliance on fossil fuels.” (03/25/26)
https://paulkrugman.substack.com/p/the-war-on-wind-continues