On 2026-3-5 it has become sufficiently clear that the USA and Israel attacks to topple the terror regime in Iran have repercussions across the world markets of fossil fuels. 1973 and 1979 had told us already the lesson that a reliance on fossil fuels like oil and gas, which is produced in only a small number of countries, can disrupt energy supplies drastically. 50 years later we are much less vulnerable to supply shocks due to the stronger reliance on renewable energy sources. The supply shortages are only likely to happen, but energy suppliers are fast to cash in on these expected shortages. Prove of evidence that energy markets are driven more by expectations than actual availability of fuel stocks.
The advertisement of a Belgian recycling company “Powered by sunshine, driven by electricity” is a perfect summary of how to deal with shortages of fossil fuels (MCA recycling in Brussels, Image: former Brussels stock exchange).
