Since our worldwide economy depends on a steady supply of fossil fuels — oil, gasoline, natural gas, LNG, jet fuel — even the mere threat of disruption can cause a large and long-term increase in energy costs. Especially energy that is generated from burning hydrocarbon molecules, which have to be physically transported in pipelines and tankers. But not so much for energy that is generated from photons (I bet you know where I’m going with this).

During the first two weeks in March, 2026, Iranian drones set ablaze four oil tankers with a combined total of about 750,000 barrels of petroleum products. That’s less than 1% of the world’s daily petroleum consumption. Nevertheless, the price of oil went up by 40%. Not because of a real supply shock, but because of the new uncertainty about future oil supplies and prices.

No one really knows how long Iran will be able to threaten shipping and energy production throughout the Persian Gulf. Until there is peace in that region there will be uncertainty about fossil fuel energy prices. But there are ways to reduce this uncertainty and avoid energy price spikes.

In this episode:

• Why U.S. fuel prices rise in the U.S. even when we are the biggest oil producer in the world. Hint: the solar and battery tax credits (still available) were a quid pro quo for fossil fuel exports.

• How global oil and natural gas markets determine prices — not political jawboning.

• How rising natural gas prices affect electricity and food costs.

• Why solar, batteries, and electric vehicles reduce exposure to fossil fuel volatility.

To cap it all off, we’ll explain what you can do to isolate your home and business from skyrocketing energy costs.