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Squawk Pod

A Global Gas Crisis & a Battle-Tested Risk Theory

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 7 October 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Global gas prices are soaring, and Americans are now paying the most at the pump in seven years. Jeffrey Currie, Goldman Sachs global head of commodities research, discusses what’s driving the spike in energy prices. Currie says that the structural underinvestment to supply and deliver energy commodities and an increase in demand as economies reopen could be to blame. CNBC’s Julianna Tatelbaum also reports U.K. consumers and businesses are bracing for higher electricity bills this winter amid a surge in natural gas prices. General Stanley McChrystal, former commander of the U.S. and International Security Assistance Forces in Afghanistan, offers a “battle-tested” system for finding and assessing risk, drawing on his book, “Risk: A User’s Guide.” Plus, lawmakers work to avoid a debt ceiling “catastrophe,” pandemic wardrobes are shifting away from sweatpants, and bourbon distillers are facing big bills. In this episode: Jeff Currie, @GoldmanSachs Gen. Stanley McChrystal, @StanMcChrystal Julianna Tatelbaum, @CNBCJulianna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick

Transcript

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0:00.0

Bring in show music please.

0:03.0

This is Squawk Pod.

0:06.0

I'm the NBC producer Katie Kramer.

0:08.0

Today on our podcast, Energy on Fire Around the World,

0:12.0

Gas Prices, Cold Prices, coal prices, low investment and increased demand.

0:17.0

Goldman Sachs Global Head of Commodities Jeff Curry.

0:20.2

We like to call it the revenge of the old economy.

0:23.0

And managing risk inside our borders and beyond,

0:27.0

retired four-star Army General Stanley McChrystal.

0:30.0

We're the biggest problem.

0:31.0

The greatest risk to us is actually us.

0:34.8

Those stories, plus we're talking debt deadlines in DC drama,

0:38.2

yeah still, flu shots and jeans.

0:41.2

They're back.

0:42.1

That's the upgrade from the sweats and the yoga pants they've been wearing.

0:45.5

If you need a drink after that, we've got some booze news for you too.

0:49.5

It's Thursday, October 7, 2021.

0:53.0

Squawk Pod begins right now.

0:55.0

Stand Becky by in three, two, one, cure, please.

1:00.0

Good morning, everybody.

1:01.0

Welcome to Squack Box here on

1:02.6

see and Beky Quick along with Joe Kerner and Andrew's out today.

...

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