cross-posted from: https://feddit.online/c/euro/p/1701984/zelenskyy-russian-oil-companies-forced-to-shut-down-wells
Today, there was an intelligence report on Russian losses caused by our sanctions. In just recent months, Russia’s oil refining has dropped by 10%. It is also important to note that Russian oil companies are being forced to shut down their oil wells. This is even more significant. Given the nature of Russian oil production, this is what hurts them most – apart, of course, from losing money. To restore production at its wells, Russia has to do significantly more than many other oil-producing countries that shut in wells even simply in response to market fluctuations.
It is wild how many stars and things align now which can only speed up the transition away from fossil fuels to renewable energy. This is probably something that neither Putin nor Trump nor Netanyahu nor Iran’s religously fanatic government had in mind.
By the way, do Southeast European countries still generate electricity from oil? I read that some electric grids were already strained on hot summer days, because of demand for air conditioning.
Basically nobody in Europe really uses oil for electricity production in any significant way.
EDIT: We really see a global division between petrostates and electrostates forming.
I’d call it more a division between electrostates and petrilhead-headed states.
No, at least not in relevant amounts. Gas however, yes, unfortunately. Here is Italy:
As you can see, gas is roughly 50%.
I hope they can speed up their solar capacity quickly. The nice thing about solar and air conditioning is that they synchronise fairly well.