The Strait of Hormuz Crisis Shows the World Still Runs on Fossil Fuels

The world will remain vulnerable to disruptions in oil and gas supply. And few places embody that vulnerability more clearly than the Strait of Hormuz. A sliver of water in the Persian Gulf still holds the power to shake the global economy. For all the confident rhetoric about a post-carbon future, the events now unfolding there remind us of a stubborn truth: the age of hydrocarbons is far from over.