Renewables are absolutely going to be powering the future. Recent events have done nothing but accelerate the transition as countries are going to run to reduce their petroleum dependencies.
[0] https://ember-energy.org/latest-insights/global-electricity-...
[0] - https://arstechnica.com/science/2026/05/soaring-solar-and-a-...
If we ignore climate externalities, it makes sense to build solar as fast as we can and also pump oil, preferably for export.
The projects mentioned in the article, combined, would be less than 6 months of the US production.
It's important for the locals in Alaska, but it's not going to change anything globally. Except maybe killing off a few endangered species and damaging the fragile ecosystem. But that's a small price to pay for oil companies' profits.
Arctic development is also expensive, and even the planned projects would have been impractical without already-existing infrastructure.
The US is one of the most oil hungry countries on the planet, and even 3 months supply is a quarter. That would definitely move the needle on prices!
Just as the Hormuz double blockade is implemented and extended. The current peace talks are just theater. Expect new "peace talks" every two weeks for years to come.
Putin, Trump and the fracking mafia will be very happy.