> Without a healty cartel, oil is doomed

Why/how?

Without a healthy cartel, wouldn't prices go down? Cheaper oil means less adoption of alternate energy sources.

I guess the silver lining from this mess is that maybe some more governments realize they don’t want their energy policy to force them into a recession every time there’s a conflict in the Middle East

how is the cartel not healthy? uae is 12%

> Solar, wind, geothermal, hydro, nuclear. These are more than ripe to disrupt energy into the 21st century.

Yes and we've seen negative electricity price in some EU countries a few days ago: very sunny days but not too warm, perfect for solar panels. Supply surpassing consumption: negative electricity prices.

While we're, supposedly, living through an energy crisis. There may oil shipment issues and there are issues with energy due to the Russia/Ukraine war too but... Many already understood that there were solutions to not be entirely dependent on oil.

Doomsayers are going to argue that "we need electricity during the winter at 6 pm" so a "largely negative electricity on a sunny sunday means nothing" (Belgium, two days ago: hugely negative electricity prices, for example and it's not the only case) but the truth is: we're not anywhere near as dependent on oil as we were during the Yum Kippur war / 1973 oil shock.

And oil is definitely limited in how high it can go for as soon as it goes up, suddenly other energy source make more and more sense economically.

Once again: negative electricity prices two days ago. Let that sink in.