EVs and Solar Seen as Hedge Against Oil Shocks and Rising US Power Prices
A drone strike on Saudi Arabia's East-West pipeline knocked about 5 million barrels a day offline and pushed Brent crude above $104, exposing how little buffer remains in global oil markets. With US electricity prices also up more than 50% since 2020, the piece argues EVs and solar give drivers and homeowners a second option beyond volatile fossil fuels.