The fog of war is pervasive, but one thing is clear as “Gulf War 3” escalates: governments around the world are counting the cost of their dependency on oil and gas. “The largest supply disruption in the history of the global oil market” is the International Energy Agency’s take on the U.S.-Israeli war on Iran, which has seen oil and gas fields bombed and shipments through the Strait of Hormuz curtailed. Oil prices are beyond $100 a barrel and inflation is picking up — even in the oil-and-gas-rich U.S. — while in Asia, governments are curtailing working days, limiting petroleum exports, and rationing liquefied petroleum gas (LPG) cylinders.
Beyond economic disruption, this conflict has exacted a tragic human toll, with thousands of lives lost and countless families shattered. Growth goals, job targets, food supplies and the future hopes of citizens around the world are at the mercy of traders and huge corporations that stand to benefit as prices skyrocket. The environmental toll of this petro-fueled conflict extends far beyond human casualties, too.
Oil infrastructure attacks have triggered massive ecological disasters, with crude oil spills contaminating marine ecosystems in the Persian Gulf, and refinery explosions releasing toxic pollutants that threaten migratory bird routes and coastal wetlands. The war has also accelerated deforestation as nations scramble for other energy sources, like Indonesia, which is reportedly fast-tracking palm oil expansion for biofuel production. These ecological scars will persist long after the last barrel of oil is extracted from bombed wells. The Fossil Fuel…This article was originally published on Mongabay