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Is There a Global Energy Crisis?

21 min • 17 november 2021

With oil, natural gas, coal, and gasoline at the highest prices in eight years, we consider if there is an energy crisis due to an over-reliance on renewable energy sources.

Topics covered include:

How high have prices risen for oil, gasoline, natural gas, and coal
Why rising energy prices is a multifaceted problem as illustrated by coal
How the global energy mix has changed for power production
Why investment capital is flowing to renewable energy projects rather than fossil fuel projects
Why a clean energy transition leads to more volatile fossil fuel prices
How higher oil prices lead to greater adoption of electric vehicles
How renewable energy combined with battery technology will create lead to energy on-demand solutions

Thanks to Egnyte and Policygenius for sponsoring the episode.

For more information on this episode click here.

Show Notes

US coal prices jump to highest level since 2009 by Myles McCormick—Financial Times

China’s Energy Crisis Complicates Its Plans for Climate Announcements Ahead of COP26 by Sha Hua and Keith Zhai—The Wall Street Journal

China’s Coal War With Australia Fuels Shortage at Home by Chuin-Wei Yap—The Wall Street Journal

China’s Coal Shortage Threatens Farmers in India and Truckers in South Korea by Jiyoung Sohn in Seoul and Vibhuti Agarwal—The Wall Street Journal

The Gregor Letter

President Jimmy Carter - Report to the Nation on Energy (Video)

Share of renewables, low-carbon sources and fossil fuels in power generation, World 1990-2019—IEA

Oil 2021: Analysis and forecast to 2026—IEA

Coal—IEA