Initially 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 taking place 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 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 dwelling 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 concerning 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 World Affairs.
Shayle and Leslie cowl the various demand-side and supply-side points. Then they discuss 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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