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 destructive $40 per barrel.
Occasions have modified. Oil is up over $100/barrel. However much 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 value has risen greater than 5 occasions.
The disruptions are clear. We’re seeing tales of energy shortages in China, fertilizer crops being shut down within the UK, and fears about residence heating prices within the Northeast US as winter approaches.
So what the heck is happening? How lengthy may 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 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 concerning 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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