At first of the pandemic, power costs crashed. We did an episode of this present making an attempt to determine how oil costs fell to damaging $40 per barrel.
Instances have modified. Oil is up over $100/barrel. However way more acute is what’s occurring with pure fuel, significantly in Europe and Asia. Within the US, pure fuel costs have doubled within the final yr. However in components of Europe, the worth has risen greater than 5 occasions.
The disruptions are clear. We’re seeing tales of energy shortages in China, fertilizer vegetation being shut down within the UK, and fears about house heating prices within the Northeast US as winter approaches.
So what the heck is happening? How lengthy would possibly it final? And what does it inform us concerning the future?
To reply these questions Shayle turns to Leslie Palti-Guzman, the President of Gasoline Vista and a non-resident fellow at NYU SPS Heart for World Affairs.
Shayle and Leslie cowl the numerous demand-side and supply-side points. Then they speak about what comes subsequent: What does this disaster reveal concerning the vulnerability of the power system? And can nations double down on renewables, fuel, or each to shore up their resiliency?
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