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The Conversation
The Conversation
Andrew Blakers, Professor of Engineering, Australian National University

Oil reserves last for weeks. Solar panels last for decades

Oil Australia Electricity the Middle East Gas Prices
Oil depot tanks in Iran hit by US-Israeli strikes. Kaveh Kazemi / Getty Images

Oil and gas prices are shooting up as war in the Middle East cuts down the supply of fossil fuels available, in what has been described as “the largest supply disruption in the history of oil markets”.

There have been several major upheavals in energy markets since 2020, including the COVID pandemic, Russia’s ongoing war on Ukraine, and US President Donald Trump’s trade and tariff war with much of the world.

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