<p>全球推動擺脱石油和天然氣的努力長期以來被視為應對氣候變化影響和保護地球的必要措施。但越來越多的戰略家、分析師和行業參與者認為，這一轉型正受到一個不同且更為緊迫的驅動因素的重塑：能源安全。</p>
<p>與伊朗戰爭相關的全球能源市場動盪以及中東基礎設施遭受的攻擊加劇了對化石燃料供應鏈脆弱性的擔憂，促使各國重新討論如何減少對進口碳氫化合物的依賴。</p>
<p>&#34;你可以從發生的事情中預測到的一點是，這將加速能源轉型，&#34;卡萊爾能源路徑首席戰略官傑夫·庫裏在上週的 S&amp;P Global CERAWeek 大會上表示，這是一個重要的能源行業會議。</p>
<p>&#34;能源轉型從來與氣候變化無關……安全始終是首要的。&#34;</p>
<p>在過去四周內，自美國和以色列對伊朗政權發起大規模空襲以來，隨之而來的衝突席捲了中東，並在全球供應鏈中造成了有史以來最大的能源中斷。</p>
<p>霍爾木茲海峽，全球石油運輸最關鍵的瓶頸，因伊朗政權的暴力威脅而有效關閉，導致全球市場每天約 1600 萬桶石油被切斷。自衝突開始以來，國際油價基準布倫特原油（BZ=F）和美國基準西德克薩斯中質原油（WTI）（CL=F）的期貨價格已上漲超過 40%。</p>
<p><em>閲讀更多：</em> <em>油價衝擊如何影響你的錢包，從汽油到雜貨</em></p>
<p>庫裏和其他人認為，地緣政治衝擊突顯了一個長期存在的現實：石油和天然氣是獨特的可運輸和可交易的能源來源，但正是這些特性使得這些產品成為全球商品，也使它們容易受到其他國家的干擾。供應中斷、運輸風險和價格飆升可以在幾周內波及經濟。</p>
<p>&#34;你只需進口一次太陽能電池板或電動汽車，&#34;S&amp;P Global Commodity Insights 金融服務副總裁羅傑·迪萬在 CERAWeek 上表示。&#34;你每天都要進口石油。&#34;</p>
<p>隨着各國面臨一個全球化——以及支持全球化體系的安全保障——似乎不再那麼確定的世界，這一區別變得愈發顯著。圍繞開放海路和穩定貿易關係建立的能源供應鏈正日益受到戰爭、制裁和政治分裂的考驗。</p>
<p><em>閲讀更多：</em> <em>與伊朗的長期戰爭可能對油價意味着什麼</em></p>
<p>俄羅斯在 2022 年入侵烏克蘭暴露了歐洲能源系統的脆弱性，此前歐洲對俄羅斯管道天然氣的依賴不斷加深。在戰爭之前，俄羅斯大約供應了歐盟 40% 的天然氣，其中大部分通過北溪管道系統流入德國。</p>
<p>當流量開始下降——首先是通過政治壓力，然後是直接中斷——衝擊在整個歐洲蔓延。電力價格飆升至歷史最高點，工業用户減少生產，政府被迫採取緊急措施以確保冬季供應。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/09NLGXSbeN03zcukTDk8Cw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/d2a48ab0-294f-11f1-bfff-0271038e86ee?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/09NLGXSbeN03zcukTDk8Cw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/d2a48ab0-294f-11f1-bfff-0271038e86ee"/></p>
<p>2026 年 3 月 25 日，一艘停靠的油輪正在中國山東省青島港卸載原油。（CN-STR/法新社通過 Getty Images）</p>
<p>在 2022 年 9 月北溪管道遭到破壞後，情況急劇惡化。該基礎設施的損失迫使迅速且昂貴地轉向全球液化天然氣（LNG）市場，導致與亞洲的貨物競爭加劇，並將基準歐洲天然氣價格（TTF=F）推高至歷史水平的多倍。</p>
<p>危機加劇了通貨膨脹，通過補貼計劃加大了公共財政的壓力，突顯了一個關鍵脆弱性：歐洲對進口能源的依賴。</p>
<p>相比之下，美國在當前衝擊中處於更為隔離的位置。得益於頁岩氣熱潮，美國是全球最大的石油和天然氣生產國，減少了對物理供應中斷的直接暴露——但該國並非完全孤立。石油是全球定價的，中東的干擾仍然會影響汽油和柴油成本，而不斷上升的 LNG 出口正日益將美國天然氣價格與全球市場聯繫在一起。</p>
<p>然而，對於歐洲和亞洲的大型能源進口國而言，暴露仍然更加嚴重。依賴海運原油和液化天然氣的國家必須在緊張的市場中競爭貨物，這在地緣政治動盪期間加劇了價格波動和供應風險。</p>
<p><em>閲讀更多：</em> <em>在中東動盪加劇市場波動時如何保護你的資金</em></p>
<h2>&#34;非常痛苦&#34;的能源轉型</h2>
<p>庫裏指出了歷史先例，例如 1973 年的石油禁運，當時全球需求因供應被切斷而急劇下降。&#34;這不是因為人們想要這樣，&#34;他説。&#34;這是被迫的。&#34;</p>
<p>分析師表示，今天的衝擊可能會產生類似的後果——不僅以高價格驅動的短期需求破壞的形式，還通過投資和消費模式的長期變化。</p>
<p>交易公司 Gunvor 市場情報負責人弗雷德裏克·拉塞爾表示，持續的價格上漲可能會以難以逆轉的方式改變消費者行為。</p>
<p>&#34;如果價格保持高位足夠長，你就會改變習慣，&#34;拉塞爾在 CERAWeek 上表示。&#34;你決定選擇電動汽車。這種需求破壞是更難逆轉的。&#34;</p>
<p>S&amp;P Global Energy 能源與自然資源組的董事 Karim Fawaz 估計，僅電動汽車就已經使全球石油需求減少了大約 130 萬桶/天——如果各國政府對地緣政治衝擊採取更強有力的電氣化激勵措施，這一數字可能會進一步上升。</p>
<p>向能源安全的轉變也在影響投資決策。Lazard 基礎設施全球負責人 Pablo Hernandez Schmidt-Tophoff 表示，資產估值已開始反映出對韌性的重新重視，而不僅僅是財務回報。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/wmq8Ui95r6ddafl9dinBQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/41ca9850-2a07-11f1-9ddb-9cf8cfb715bf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/wmq8Ui95r6ddafl9dinBQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/41ca9850-2a07-11f1-9ddb-9cf8cfb715bf"/></p>
<p>即使在發達經濟體，電動汽車的普及也往往依賴於政府的激勵措施，而對精煉產品的需求則證明比預期更具韌性。（美聯社照片/喬治·沃克 IV）</p>
<p>“遊戲的關鍵是能源安全和能源韌性，即使這會損害資本效率，” 他説。</p>
<p>這種轉變不太可能是立即的或統一的。分析師和行業高管警告説，發展中國家的許多地區仍然在結構上依賴石油，特別是在電力基礎設施有限的地區。</p>
<p>即使在發達經濟體，電動汽車的普及也往往依賴於政府的激勵措施，而對精煉產品的需求則證明比預期更具韌性。在挪威，電動汽車佔新車銷售的一半以上，但石油需求仍然相對穩定——這突顯了在大規模快速替代碳氫化合物的困難。</p>
<p>在美國，特朗普政府已經撤回了幾項主要的 “綠色” 倡議，包括取消幾項主要的風能和太陽能項目。在 CERAWeek 的新聞發佈會上，內政部長 Doug Burgum 宣佈，美國將支付法國能源巨頭 TotalEnergies (TTE) 10 億美元，以取消其在美國東海岸的主要海上風電開發計劃，並將這筆錢投資於碳氫化合物基礎設施。</p>
<p>國際能源署還預測，到 2050 年，對碳氫化合物的需求可能會繼續增長，特別是因為發展中國家仍然依賴石油進口以促進經濟增長。</p>
<p>然而，即使需求證明比預期更持久，目前的衝擊正在加速重新安排滿足該需求的方式——以及各國如何看待保障這一需求。Carlyle 的 Currie 表示，這種轉變最終可能會加速向碳氫化合物的過渡，而這種過渡的驅動因素將更多地是出於必要性而非環境雄心。</p>
<p>“我們將以非常痛苦的方式被迫進行能源轉型，” Currie 在 CERAWeek 上表示。“無論如何，安全將是首要任務。”</p>
<p><em>Jake Conley 是一名報道美國股票的突發新聞記者，供職於 Yahoo Finance。請在 X 上關注他 @byjakeconley 或通過電子郵件聯繫他 jake.conley@yahoooinc.com。</em></p>
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<p>正在進行的伊朗衝突正在重塑全球能源轉型，能源安全成為主要驅動力，而不僅僅是氣候變化的擔憂。分析師指出，尤其是霍爾木茲海峽的石油供應鏈中斷，加劇了各國減少對化石燃料依賴的緊迫性。地緣政治的不穩定導致石油價格大幅上漲，突顯了能源進口的脆弱性。隨着各國面臨不確定的全球貿易動態，向可再生能源的轉型被視為確保能源安全的必要回應</p>

<p>The global push to move away from oil and gas has long been framed as a response to the effects of climate change and the need to take care of the planet. But a widening group of strategists, analysts, and industry participants argue that the transition is being reshaped by a different, more immediate driver: energy security.</p>
<div class="lb-trans"><p>全球推動擺脱石油和天然氣的努力長期以來被視為應對氣候變化影響和保護地球的必要措施。但越來越多的戰略家、分析師和行業參與者認為，這一轉型正受到一個不同且更為緊迫的驅動因素的重塑：能源安全。</p>
</div><p>The disruption to global energy markets tied to the war in Iran and escalating attacks on infrastructure in the Middle East has sharpened concerns about the vulnerability of fossil fuel supply chains, prompting renewed debate about how countries can reduce reliance on imported hydrocarbons.</p>
<div class="lb-trans"><p>與伊朗戰爭相關的全球能源市場動盪以及中東基礎設施遭受的攻擊加劇了對化石燃料供應鏈脆弱性的擔憂，促使各國重新討論如何減少對進口碳氫化合物的依賴。</p>
</div><p>&#34;One of the predictions you can make out of what's happening is that it's going to turbocharge the energy transition,&#34; Jeff Currie, chief strategy officer of energy pathways at Carlyle, said at CERAWeek by S&amp;P Global, a major energy industry conference, last week.</p>
<div class="lb-trans"><p>&#34;你可以從發生的事情中預測到的一點是，這將加速能源轉型，&#34;卡萊爾能源路徑首席戰略官傑夫·庫裏在上週的 S&amp;P Global CERAWeek 大會上表示，這是一個重要的能源行業會議。</p>
</div><p>&#34;The energy transition never had anything to do with climate change ... Security was always paramount.&#34;</p>
<div class="lb-trans"><p>&#34;能源轉型從來與氣候變化無關……安全始終是首要的。&#34;</p>
</div><p>In the past four weeks, since the US and Israel launched a major barrage of airstrikes against the Iranian regime, the ensuing conflict has engulfed the Middle East and wracked global supply chains in what has become the largest energy disruption on record.</p>
<div class="lb-trans"><p>在過去四周內，自美國和以色列對伊朗政權發起大規模空襲以來，隨之而來的衝突席捲了中東，並在全球供應鏈中造成了有史以來最大的能源中斷。</p>
</div><p>The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed by threats of violence from the Iranian regime, cutting off roughly 16 million barrels per day of oil from the global market. Futures prices on Brent crude (BZ=F), the international oil pricing benchmark, and US benchmark West Texas Intermediate (WTI) crude (CL=F) have gained more than 40% since the conflict began.</p>
<div class="lb-trans"><p>霍爾木茲海峽，全球石油運輸最關鍵的瓶頸，因伊朗政權的暴力威脅而有效關閉，導致全球市場每天約 1600 萬桶石油被切斷。自衝突開始以來，國際油價基準布倫特原油（BZ=F）和美國基準西德克薩斯中質原油（WTI）（CL=F）的期貨價格已上漲超過 40%。</p>
</div><p><em>Read more:</em> <em>How oil price shocks ripple through your wallet, from gas to groceries</em></p>
<div class="lb-trans"><p><em>閲讀更多：</em> <em>油價衝擊如何影響你的錢包，從汽油到雜貨</em></p>
</div><p>Currie and others argue the geopolitical shock underscores a longstanding reality: Oil and gas are uniquely portable and tradable energy sources, but those same characteristics that make the products global commodities also make them susceptible to disruption by other nations. Supply disruptions, shipping risks, and price spikes can ripple through economies within weeks.</p>
<div class="lb-trans"><p>庫裏和其他人認為，地緣政治衝擊突顯了一個長期存在的現實：石油和天然氣是獨特的可運輸和可交易的能源來源，但正是這些特性使得這些產品成為全球商品，也使它們容易受到其他國家的干擾。供應中斷、運輸風險和價格飆升可以在幾周內波及經濟。</p>
</div><p>&#34;You import a solar panel or an electric car only once,&#34; Roger Diwan, vice president of financial services at S&amp;P Global Commodity Insights, said at CERAWeek. &#34;You import oil every day.&#34;</p>
<div class="lb-trans"><p>&#34;你只需進口一次太陽能電池板或電動汽車，&#34;S&amp;P Global Commodity Insights 金融服務副總裁羅傑·迪萬在 CERAWeek 上表示。&#34;你每天都要進口石油。&#34;</p>
</div><p>That distinction is becoming more salient as governments confront a world in which globalization — and the security guarantees that support a globalized system — appears less certain. Energy supply chains built around open sea lanes and stable trading relationships are increasingly being tested by war, sanctions, and political fragmentation.</p>
<div class="lb-trans"><p>隨着各國面臨一個全球化——以及支持全球化體系的安全保障——似乎不再那麼確定的世界，這一區別變得愈發顯著。圍繞開放海路和穩定貿易關係建立的能源供應鏈正日益受到戰爭、制裁和政治分裂的考驗。</p>
</div><p><em>Read more:</em> <em>What an extended war with Iran could mean for gas prices</em></p>
<div class="lb-trans"><p><em>閲讀更多：</em> <em>與伊朗的長期戰爭可能對油價意味着什麼</em></p>
</div><p>Russia's invasion of Ukraine in 2022 exposed the fragilities of Europe's energy system after years of deepening dependence on Russian pipeline gas. Before the war, Russia supplied roughly 40% of the European Union's natural gas, much of it flowing through the Nord Stream pipeline system into Germany.</p>
<div class="lb-trans"><p>俄羅斯在 2022 年入侵烏克蘭暴露了歐洲能源系統的脆弱性，此前歐洲對俄羅斯管道天然氣的依賴不斷加深。在戰爭之前，俄羅斯大約供應了歐盟 40% 的天然氣，其中大部分通過北溪管道系統流入德國。</p>
</div><p>When flows began to drop — first through political pressure, then through outright disruptions — the shock cascaded across the continent. Power prices surged to record highs, industrial users curtailed production, and governments were forced into emergency measures to secure supply ahead of winter.</p>
<div class="lb-trans"><p>當流量開始下降——首先是通過政治壓力，然後是直接中斷——衝擊在整個歐洲蔓延。電力價格飆升至歷史最高點，工業用户減少生產，政府被迫採取緊急措施以確保冬季供應。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/09NLGXSbeN03zcukTDk8Cw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/d2a48ab0-294f-11f1-bfff-0271038e86ee" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/09NLGXSbeN03zcukTDk8Cw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/d2a48ab0-294f-11f1-bfff-0271038e86ee"/></p>
<p>A docked oil tanker is unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on March 25, 2026. (CN-STR/AFP via Getty Images)</p>
<div class="lb-trans"><p>2026 年 3 月 25 日，一艘停靠的油輪正在中國山東省青島港卸載原油。（CN-STR/法新社通過 Getty Images）</p>
</div><p>The situation worsened dramatically after the sabotage of the Nord Stream pipelines in September 2022. The loss of that infrastructure forced a rapid and costly pivot to global liquified natural gas (LNG) markets, driving intense competition with Asia for cargoes and pushing benchmark European gas prices (TTF=F) to multiples of historical norms.</p>
<div class="lb-trans"><p>在 2022 年 9 月北溪管道遭到破壞後，情況急劇惡化。該基礎設施的損失迫使迅速且昂貴地轉向全球液化天然氣（LNG）市場，導致與亞洲的貨物競爭加劇，並將基準歐洲天然氣價格（TTF=F）推高至歷史水平的多倍。</p>
</div><p>The crisis accelerated inflation, strained public finances through subsidy programs, underscoring a key vulnerability: Europe's reliance on imported energy.</p>
<div class="lb-trans"><p>危機加劇了通貨膨脹，通過補貼計劃加大了公共財政的壓力，突顯了一個關鍵脆弱性：歐洲對進口能源的依賴。</p>
</div><p>The US, by contrast, enters the current shock from a more insulated position. Thanks to the shale boom, the US is the world's largest producer of oil and natural gas, reducing its direct exposure to physical supply disruptions — but the country isn't entirely isolated. Oil is globally priced, and disruptions in the Middle East still feed through to gasoline and diesel costs, while rising LNG exports are increasingly linking US natural gas prices to global markets.</p>
<div class="lb-trans"><p>相比之下，美國在當前衝擊中處於更為隔離的位置。得益於頁岩氣熱潮，美國是全球最大的石油和天然氣生產國，減少了對物理供應中斷的直接暴露——但該國並非完全孤立。石油是全球定價的，中東的干擾仍然會影響汽油和柴油成本，而不斷上升的 LNG 出口正日益將美國天然氣價格與全球市場聯繫在一起。</p>
</div><p>For large energy importers in Europe and Asia, however, the exposure remains more acute. Countries dependent on seaborne crude and LNG must compete for cargoes in stressed markets, amplifying both price volatility and supply risk during geopolitical disruptions.</p>
<div class="lb-trans"><p>然而，對於歐洲和亞洲的大型能源進口國而言，暴露仍然更加嚴重。依賴海運原油和液化天然氣的國家必須在緊張的市場中競爭貨物，這在地緣政治動盪期間加劇了價格波動和供應風險。</p>
</div><p><em>Read more:</em> <em>How to protect your money as Mideast turmoil fuels market volatility</em></p>
<div class="lb-trans"><p><em>閲讀更多：</em> <em>在中東動盪加劇市場波動時如何保護你的資金</em></p>
</div><h2>A 'very painful' energy transition</h2>
<div class="lb-trans"><h2>&#34;非常痛苦&#34;的能源轉型</h2>
</div><p>Currie pointed to historical precedents such as the 1973 oil embargo, when global demand fell sharply because supply was cut off. &#34;It didn’t happen because people wanted it to,&#34; he said. &#34;It was forced on them.&#34;</p>
<div class="lb-trans"><p>庫裏指出了歷史先例，例如 1973 年的石油禁運，當時全球需求因供應被切斷而急劇下降。&#34;這不是因為人們想要這樣，&#34;他説。&#34;這是被迫的。&#34;</p>
</div><p>Today's shock could have similar consequences, analysts say — not only in the form of short-term demand destruction driven by high prices, but also through longer-term shifts in investment and consumption patterns.</p>
<div class="lb-trans"><p>分析師表示，今天的衝擊可能會產生類似的後果——不僅以高價格驅動的短期需求破壞的形式，還通過投資和消費模式的長期變化。</p>
</div><p>Frederic Lasserre, head of market intelligence at trading firm Gunvor, said sustained price increases could alter consumer behavior in ways that prove difficult to reverse.</p>
<div class="lb-trans"><p>交易公司 Gunvor 市場情報負責人弗雷德裏克·拉塞爾表示，持續的價格上漲可能會以難以逆轉的方式改變消費者行為。</p>
</div><p>&#34;If price remains high for long enough, you change habits,&#34; Lasserre said at CERAWeek. &#34;You decide to go for an EV. That type of demand destruction is less reversible.&#34;</p>
<div class="lb-trans"><p>&#34;如果價格保持高位足夠長，你就會改變習慣，&#34;拉塞爾在 CERAWeek 上表示。&#34;你決定選擇電動汽車。這種需求破壞是更難逆轉的。&#34;</p>
</div><p>Karim Fawaz, a director in the energy and natural resources group at S&amp;P Global Energy, estimated electric vehicles alone are already reducing global oil demand by roughly 1.3 million barrels per day — a figure that could rise if governments respond to geopolitical shocks with stronger incentives for electrification.</p>
<div class="lb-trans"><p>S&amp;P Global Energy 能源與自然資源組的董事 Karim Fawaz 估計，僅電動汽車就已經使全球石油需求減少了大約 130 萬桶/天——如果各國政府對地緣政治衝擊採取更強有力的電氣化激勵措施，這一數字可能會進一步上升。</p>
</div><p>The shift toward energy security is also influencing investment decisions. Pablo Hernandez Schmidt-Tophoff, global head of infrastructure at Lazard, said asset valuations have begun to reflect a renewed emphasis on resilience rather than purely financial returns.</p>
<div class="lb-trans"><p>向能源安全的轉變也在影響投資決策。Lazard 基礎設施全球負責人 Pablo Hernandez Schmidt-Tophoff 表示，資產估值已開始反映出對韌性的重新重視，而不僅僅是財務回報。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/wmq8Ui95r6ddafl9dinBQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/41ca9850-2a07-11f1-9ddb-9cf8cfb715bf" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/wmq8Ui95r6ddafl9dinBQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://s.yimg.com/os/creatr-uploaded-images/2026-03/41ca9850-2a07-11f1-9ddb-9cf8cfb715bf"/></p>
<p>Even in advanced economies, electric vehicle adoption has often relied heavily on government incentives, while demand for refined products has proven more resilient than expected. (AP Photo/George Walker IV)</p>
<div class="lb-trans"><p>即使在發達經濟體，電動汽車的普及也往往依賴於政府的激勵措施，而對精煉產品的需求則證明比預期更具韌性。（美聯社照片/喬治·沃克 IV）</p>
</div><p>&#34;The name of the game is energy security and energy resiliency, even at the detriment of capital efficiency,&#34; he said.</p>
<div class="lb-trans"><p>“遊戲的關鍵是能源安全和能源韌性，即使這會損害資本效率，” 他説。</p>
</div><p>The shift is unlikely to be immediate or uniform. Analysts and industry executives cautioned that much of the developing world remains structurally dependent on oil, particularly in regions with limited electricity infrastructure.</p>
<div class="lb-trans"><p>這種轉變不太可能是立即的或統一的。分析師和行業高管警告説，發展中國家的許多地區仍然在結構上依賴石油，特別是在電力基礎設施有限的地區。</p>
</div><p>Even in advanced economies, electric vehicle adoption has often relied heavily on government incentives, while demand for refined products has proven more resilient than expected. In Norway, where EVs account for more than half of new car sales, oil demand has remained relatively stable — underscoring the difficulty of rapidly displacing hydrocarbons at scale.</p>
<div class="lb-trans"><p>即使在發達經濟體，電動汽車的普及也往往依賴於政府的激勵措施，而對精煉產品的需求則證明比預期更具韌性。在挪威，電動汽車佔新車銷售的一半以上，但石油需求仍然相對穩定——這突顯了在大規模快速替代碳氫化合物的困難。</p>
</div><p>In the US, the Trump administration has rolled back several major &#34;green&#34; initiatives, including the cancellation of several major wind and solar projects. In a press conference at CERAWeek, Secretary of the Interior Doug Burgum announced that the US will pay French energy giant TotalEnergies (TTE) $1 billion to cancel its plans for a major offshore wind development along the US East Coast and instead invest that money into hydrocarbon infrastructure.</p>
<div class="lb-trans"><p>在美國，特朗普政府已經撤回了幾項主要的 “綠色” 倡議，包括取消幾項主要的風能和太陽能項目。在 CERAWeek 的新聞發佈會上，內政部長 Doug Burgum 宣佈，美國將支付法國能源巨頭 TotalEnergies (TTE) 10 億美元，以取消其在美國東海岸的主要海上風電開發計劃，並將這筆錢投資於碳氫化合物基礎設施。</p>
</div><p>The International Energy Agency has also projected that demand for hydrocarbons could continue to grow through 2050, especially as the developing world remains dependent on oil imports for economic growth.</p>
<div class="lb-trans"><p>國際能源署還預測，到 2050 年，對碳氫化合物的需求可能會繼續增長，特別是因為發展中國家仍然依賴石油進口以促進經濟增長。</p>
</div><p>Yet, even if demand proves more durable than expected, the current shock is accelerating a reordering of how that demand is met — and how countries think about securing it. Carlyle's Currie said such shifts could ultimately accelerate the transition away from hydrocarbons in a way shaped less by environmental ambition than by necessity.</p>
<div class="lb-trans"><p>然而，即使需求證明比預期更持久，目前的衝擊正在加速重新安排滿足該需求的方式——以及各國如何看待保障這一需求。Carlyle 的 Currie 表示，這種轉變最終可能會加速向碳氫化合物的過渡，而這種過渡的驅動因素將更多地是出於必要性而非環境雄心。</p>
</div><p>&#34;We're going to get an energy transition forced on us in a very painful way,&#34; Currie said at CERAWeek. &#34;Security is going to be on top no matter what.&#34;</p>
<div class="lb-trans"><p>“我們將以非常痛苦的方式被迫進行能源轉型，” Currie 在 CERAWeek 上表示。“無論如何，安全將是首要任務。”</p>
</div><p><em>Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at</em> <em>jake.co</em> <em>nley@yahooinc.com</em>.</p>
<div class="lb-trans"><p><em>Jake Conley 是一名報道美國股票的突發新聞記者，供職於 Yahoo Finance。請在 X 上關注他 @byjakeconley 或通過電子郵件聯繫他 jake.conley@yahoooinc.com。</em></p>
</div><p><strong>Click here for in-depth analysis of the latest stock market news and events moving stock prices</strong></p>
<div class="lb-trans"><p><strong>點擊這裏深入分析最新的股市新聞和影響股價的事件</strong></p>
</div><p><strong>Read the latest financial and business news from Yahoo Finance</strong></p>
<div class="lb-trans"><p><strong>閲讀 Yahoo Finance 的最新財經和商業新聞</strong></p>
</div>

The shift from oil isn't just about being 'green' anymore. It's a massive power move for national security.

雅虎北美

全球清潔能源 ETF - Invesco

能源業 ETF - SPDR

美國 WTI 原油 ETF

油氣開採 ETF - SPDR

標普油氣設備與服務 ETF - SPDR

納斯達克 Clean Edge 清潔綠能指數 ETF - First Trust

能源業 ETF - Vanguard

美國石油設備與服務 ETF - iShares

英國石油

納斯達克清潔綠能指數 ETF - First Trust

全球清潔能源 ETF - iShares

2 倍做多彭博原油 ETF - ProShares

西方石油

油氣服務 ETF - Market Vectors

標普全球能源股指數 ETF - iShares

華夏中證綠色電力ETF

太陽能 ETF - Guggenheim

和順石油

煉油公司指數 ETF - VanEck Vectors

從石油的轉型不僅僅是為了 “綠色” 環保。這是為了國家安全的重大權力舉措