Show Notes
The war in Iran and closure of the Strait of Hormuz created a global energy supply crisis. And while gasoline prices didn’t reach the extreme highs some predicted a few months ago, the global markets are still in flux.
“What has been disrupted most is the confidence in the old energy system where you could reliably and affordably dig up a source of energy thousands of kilometers away from where you expected to ignite it and expect that process to be smooth,” says Gerald Butts, chairman of political risk consultancy the Eurasia Group.
What has the war in Iran meant for energy markets? How much have shortages and price spikes pushed more companies and countries toward renewable energy? As China reaps the benefits of decades of investment in clean tech and renewable energy, will the U.S. be left behind?
Guests:
Gerald Butts, Chairman and Senior Advisor, The Eurasia Group
Scott Marlow, Founder and CEO, Long Rows Consulting; Agricultural policy expert
Alex Wang, Law Professor, UCLA; Faculty Co-Director, Emmett Institute on Climate Change & the Environment
Highlights:
00:00 – Introduction
02:00 – Last decade of geopolitical turmoil on energy markets
07:00 – Responses of countries like Canada, China
13:30 – Risks of the U.S. being “Overpowered” according to The Eurasia Group
17:30 – Decarbonization is happening but it’s going to be slower than science demands
21:00 – How high diesel prices impact farmers
27:00 – How farmers cope with all the pressures of their business plus climate impacts
33:00 – We’re on the cusp in major change in how we farm in U.S. – Scott Marlow
42:00 – Alex Wang on China’s pivot towards pollution reduction and investments in clean tech
49:45 – How China flexed its oil demand during recent global energy crisis
54:00 – Last few months showcase two different paths towards energy supplies between China and U.S.
For show notes, transcripts, and related links, visit our episode page.
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