By Thomas L. Friedman
Opinion Columnist
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As the Russian Army continues to falter in Ukraine, the world is worrying that Vladimir Putin could use a tactical nuclear weapon. Maybe — but for now, I think Putin is assembling a different weapon. It’s an oil and gas bomb that he’s fusing right before our eyes and with our inadvertent help — and he could easily detonate it this winter.
If he does, it could send prices of home heating oil and gasoline into the stratosphere. The political fallout, Putin surely hopes, will divide the Western alliance and prompt many countries — including ours, where both MAGA Republicans and progressives are expressing concerns about the spiraling cost of the Ukraine conflict — to seek a dirty deal with the man in the Kremlin, pronto.
In short: Putin is now fighting a ground war to break through Ukraine’s lines and a two-front energy war to break Ukraine’s will and that of its allies. He’s trying to smash Ukraine’s electricity system to ensure a long, cold winter there while putting himself in position (in ways that I’ll explain) to drive up energy costs for all of Ukraine’s allies. And because we — America and the West — do not have an energy strategy in place to dampen the impact of Putin’s energy bomb, this is a frightening prospect.
When it comes to energy, we want five things at once that are incompatible — and Putin is onto us:
1. We want to decarbonize our economy as fast as we can to mitigate the very real dangers of climate change.
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2. We want the cheapest possible gasoline and heating oil prices so we can drive our cars as fast and as much as we want — and never have to put on a sweater indoors or do anything to conserve energy.
3. We want to tell the petrodictators in Iran, Venezuela and Saudi Arabia to take a hike.
4. We want to be able to treat U.S. oil and gas companies as pariahs and dinosaurs that should pump us out of this current oil crisis and then go off in the woods and die and let solar and wind take over.
5. Oh, and we don’t want any new oil and gas pipelines or wind and solar transmission lines to spoil our backyards.
I understand why people want all five — now. I want all five! But they involve trade-offs, which too few of us want to acknowledge or debate. In an energy war like the one we’re in now, you need to be clear about your goals and priorities. As a country, and as a Western alliance, we have no ladder of priorities on energy, just competing aspirations and magical thinking that we can have it all.
If we persist in that, we are going to be in for a world of hurt if Putin drops the energy bomb that I think he’s assembling for Christmas. Here’s what I think is his strategy: It starts with getting the United States to draw down its Strategic Petroleum Reserve. It is a huge stock of crude oil stored in giant caverns that we can draw on in an emergency to offset any cutoff in our domestic production or imports. Last Wednesday, President Biden announced the release of 15 million more barrels from the reserve in December, completing a plan he laid out earlier to release a total of 180 million barrels in an effort to keep gasoline prices at the pump as low as possible — in advance of the midterm elections. (He didn’t say the last part. He didn’t need to.)
According to a report in The Washington Post, the reserve contained “405.1 million barrels as of Oct. 14. That’s about 57 percent of its maximum authorized storage capacity of 714 million barrels.”
I sympathize with the president. People were really hurting from $5- and $6-a-gallon gasoline. But using the reserve — which was designed to cushion us in the face of a sudden shut-off in domestic or global production — to shave a dime or a quarter off a gallon of gasoline before elections is a dicey business, even if the president has a plan for refilling it in the coming months.
Putin wants America to use up as much of its Strategic Petroleum Reserve cushion now — just like the way the Germans gave up on nuclear energy and he got them addicted to Russia’s cheap natural gas. Then, when Russian gas was cut off because of the Ukraine war, German homes and factories had to frantically cut back and scramble for more expensive alternatives.
Opinion Columnist
阅读简体中文版閱讀繁體中文版
Sign up for the Russia-Ukraine War Briefing. Every evening, we'll send you a summary of the day's biggest news. Get it sent to your inbox.
As the Russian Army continues to falter in Ukraine, the world is worrying that Vladimir Putin could use a tactical nuclear weapon. Maybe — but for now, I think Putin is assembling a different weapon. It’s an oil and gas bomb that he’s fusing right before our eyes and with our inadvertent help — and he could easily detonate it this winter.
If he does, it could send prices of home heating oil and gasoline into the stratosphere. The political fallout, Putin surely hopes, will divide the Western alliance and prompt many countries — including ours, where both MAGA Republicans and progressives are expressing concerns about the spiraling cost of the Ukraine conflict — to seek a dirty deal with the man in the Kremlin, pronto.
In short: Putin is now fighting a ground war to break through Ukraine’s lines and a two-front energy war to break Ukraine’s will and that of its allies. He’s trying to smash Ukraine’s electricity system to ensure a long, cold winter there while putting himself in position (in ways that I’ll explain) to drive up energy costs for all of Ukraine’s allies. And because we — America and the West — do not have an energy strategy in place to dampen the impact of Putin’s energy bomb, this is a frightening prospect.
When it comes to energy, we want five things at once that are incompatible — and Putin is onto us:
1. We want to decarbonize our economy as fast as we can to mitigate the very real dangers of climate change.
Advertisement
Continue reading the main story
2. We want the cheapest possible gasoline and heating oil prices so we can drive our cars as fast and as much as we want — and never have to put on a sweater indoors or do anything to conserve energy.
3. We want to tell the petrodictators in Iran, Venezuela and Saudi Arabia to take a hike.
4. We want to be able to treat U.S. oil and gas companies as pariahs and dinosaurs that should pump us out of this current oil crisis and then go off in the woods and die and let solar and wind take over.
5. Oh, and we don’t want any new oil and gas pipelines or wind and solar transmission lines to spoil our backyards.
I understand why people want all five — now. I want all five! But they involve trade-offs, which too few of us want to acknowledge or debate. In an energy war like the one we’re in now, you need to be clear about your goals and priorities. As a country, and as a Western alliance, we have no ladder of priorities on energy, just competing aspirations and magical thinking that we can have it all.
If we persist in that, we are going to be in for a world of hurt if Putin drops the energy bomb that I think he’s assembling for Christmas. Here’s what I think is his strategy: It starts with getting the United States to draw down its Strategic Petroleum Reserve. It is a huge stock of crude oil stored in giant caverns that we can draw on in an emergency to offset any cutoff in our domestic production or imports. Last Wednesday, President Biden announced the release of 15 million more barrels from the reserve in December, completing a plan he laid out earlier to release a total of 180 million barrels in an effort to keep gasoline prices at the pump as low as possible — in advance of the midterm elections. (He didn’t say the last part. He didn’t need to.)
According to a report in The Washington Post, the reserve contained “405.1 million barrels as of Oct. 14. That’s about 57 percent of its maximum authorized storage capacity of 714 million barrels.”
I sympathize with the president. People were really hurting from $5- and $6-a-gallon gasoline. But using the reserve — which was designed to cushion us in the face of a sudden shut-off in domestic or global production — to shave a dime or a quarter off a gallon of gasoline before elections is a dicey business, even if the president has a plan for refilling it in the coming months.
Putin wants America to use up as much of its Strategic Petroleum Reserve cushion now — just like the way the Germans gave up on nuclear energy and he got them addicted to Russia’s cheap natural gas. Then, when Russian gas was cut off because of the Ukraine war, German homes and factories had to frantically cut back and scramble for more expensive alternatives.
Opinion | Putin Is Onto Us
When it comes to energy, the West wants five incompatible things at once.
www.nytimes.com