5 • 2.7K Ratings
🗓️ 21 July 2022
⏱️ 26 minutes
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0:00.0 | The world is being shaken by a collision of energy needs, climate change, and clashes between |
0:05.1 | nations in a time of global crisis, made much worse by Russia's all-out invasion of Ukraine. |
0:12.0 | Roaring inflation has shocked consumers, the Biden administration, and other governments around the world. |
0:23.1 | This is Let's Find Common Ground. I'm Ashley Mel Tite. |
0:27.2 | I'm Richard Davies. In this episode, a new way to look at energy. We discuss the rapidly changing |
0:34.7 | challenges of global and national security, plus the reasons behind President Biden's latest |
0:41.2 | visit to Saudi Arabia, Europe's growing dependence on U.S. oil and natural gas, |
0:46.7 | and the threats to the West from Russia and China. |
0:51.0 | Our guest is Pulitzer Prize-winning author Daniel Jürgen, one of the world's |
0:54.8 | most highly respected thinkers on international politics, economics, and energy. |
0:59.6 | His latest book is The New Map, Energy, Climate, and the Clash of Nations. |
1:04.7 | Daniel Jürgen, welcome back to Let's Find Common Ground. Glad to be with you again on Common Ground. |
1:12.9 | Since we last spoke late last year, the energy map has changed a lot. Let's start with the most |
1:22.5 | dramatic piece of news, which was Russia's assault on Ukraine in late February. |
1:29.4 | Oil and gas prices were already heading up before the invasion, but the war has made things worse. |
1:35.3 | In what ways? I think it's important to understand that, indeed, we were already in a global |
1:41.5 | energy crisis last autumn when we talked the first time. Europeans were paying five, six times as |
1:48.6 | much for imported natural gas, as they had in the past. Energy markets were very tight. |
1:53.9 | The U.S. administration was already worried about high gasoline prices, and then came February 24th, |
2:00.2 | and one of the world's energy superpowers invaded Ukraine, and of course that is meant that |
2:07.2 | really we now have a combo of a global energy crisis and a global geopolitical crisis, |
2:14.9 | and it's introduced new turbulence and certainly sent prices up and added to this sense of |
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