The IEA's Energy Fantasy Meets the Iran War

<![CDATA[Energy pundits are claiming that the Iran war, like COVID, has fundamentally changed the energy paradigm. IEA’s head, Fatih Birol, crystallized this view in a recent Guardian interview, declaring that the genie cannot go back in the bottle, oil markets are fundamentally transformed, “the vase is broken,” and “nobody regrets renewables.” He also advised the UK against bringing on additional oil, insisting that more exploration will not solve the current crisis.]]>