Supply Shocks Expose Quit-Oil Myth

Major supply interruptions (here, a near‑20% cutoff at the Strait of Hormuz) reveal that decades of transition spending have not meaningfully reduced per‑capita oil dependence and that current clean‑energy deployments (for example, a 3% all‑electric global car fleet) are insufficient to de‑risk economies. The political instinct to double down on 'quit oil' policies after a shock can therefore be misguided without parallel strategies to harden supply and maintain critical logistics. — It reframes the climate/energy debate from purely emissions targets to practical resilience: policymakers must weigh supply‑shock vulnerability and economic de‑risking alongside decarbonization goals.