Mar. 19 at 9:34 PM
Europe & Asia cannot shield itself from global oil & gas shocks (like Hormuz disruptions) thru more domestic drilling.
A blockade sends prices soaring everywhere. Even 100% "energy independence" via drilling fails if your local prices are pegged to a spiked global benchmark
The only real solution is structural: accelerate electrification, nuclear, renewables, storage, & grid integration to reduce exposure to volatile global fuel markets
Nuclear is a strategic "stock" not a "flow." One uranium pellet equals 3.5 barrels of oil - a typical full-scale reactor (like a 1,000 MWe Pressurized Water Reactor) have 18M fuel pellets - reactors are immune to "just-in-time" shipping disruptions
Electrification moves transport from imported liquids to domestic electrons
Beyond the energy security "moat," nuclear & renewables provide a massive public health & climate shield
$CCJ $LEU $OKLO $TAN $FAN