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Thought Leadership, Energy Crisis Michael OHara Thought Leadership, Energy Crisis Michael OHara

We Need To Move From Dire Straits to Electrostates

The disruption in the Strait of Hormuz has triggered a fresh surge in global energy prices. Businesses and households grapple with rising costs and supply uncertainty. This latest crisis is doing more than squeezing margins, it is highlighting a deeper structural problem. The global fossil fuel based energy model that has underpinned economic growth for decades is increasingly unfit for purpose. With each cycle of energy supply shock and recovery, the urgency grows for nations to transition from passive petrostate customers to proactive, self sufficient, and climate friendly electrostates.

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