At first of the pandemic, power costs crashed. We did an episode of this present attempting to determine how oil costs fell to damaging $40 per barrel.
Instances have modified. Oil is up over $100/barrel. However much more acute is what’s taking place with pure fuel, notably in Europe and Asia. Within the US, pure fuel costs have doubled within the final yr. However in elements of Europe, the worth has risen greater than 5 instances.
The disruptions are clear. We’re seeing tales of energy shortages in China, fertilizer vegetation being shut down within the UK, and fears about residence heating prices within the Northeast US as winter approaches.
So what the heck is occurring? How lengthy would possibly it final? And what does it inform us in regards to the future?
To reply these questions Shayle turns to Leslie Palti-Guzman, the President of Fuel Vista and a non-resident fellow at NYU SPS Middle for International 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 in regards to the vulnerability of the power system? And can international locations double down on renewables, fuel, or each to shore up their resiliency?
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