Egypt slow rolled Solar, EVs and now Israel has Cut off its Fossil Gas amid Iran War

Egypt slow rolled Solar, EVs and now Israel has Cut off its Fossil Gas amid Iran War

Ann Arbor (Informed Comment) – Although Egypt is not a party to the Iran War, it may cost the country $10 billion in extra energy outlays alone, and will put enormous pressure on the country’s fragile economy. Egypt’s inertia on green energy and EV’s is bringing the pain, as the Iran War and the virtual closure of the Strait of Hormuz provoke an energy price shock that could inflict severe damage on the Egyptian economy. Some 70% of Egyptians li…