The Strait of Hormuz is today’s energy chokepoint. China is tomorrow’s.
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Here’s something you didn’t know about the Strait of Hormuz: It is named after Ahura Mazda, the Zoroastrian sky god. And here’s another: In about 20 years, Iran will likely be unable to throttle the global economy by closing this maritime chokepoint, as it did in response to the latest U.S.-Israeli war on its Islamic regime.
Why? Because we’ll be two decades further down the road to decarbonization. Oil will still flow out of the Strait, but it will matter significantly less to the world economy
Why? Because we’ll be two decades further down the road to decarbonization. Oil will still flow out of the Strait, but it will matter significantly less to the world economy
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