For watt it’s worth: energy markets’ squeeze
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 14 October 2021
⏱️ 23 minutes
🧾️ Download transcript
Summary
A fossil-fuel scramble reveals energy markets in desperate need of a redesign. We examine what must be done to secure a renewable future. Throngs of Hong Kong residents fleeing China’s tightening hand are settling in Britain; our correspondent finds an immigrant group unlike any that came before. And the boom in “femtech” entrepreneurs at last focusing on women’s health.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello and welcome to the intelligence from The Economist. |
| 0:06.8 | I'm your host, Jason Palmer. |
| 0:08.6 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.1 | In June last year, a sweeping national security law in Hong Kong further crimped democracy. |
| 0:23.6 | So when Britain offered visas to Hong Kongers, many took up the chance. |
| 0:27.6 | We look at how their new communities differ from those of most other migrants. |
| 0:32.6 | And for all the tech wizardry going on in the health sector, only a tiny amount of it is aimed at women's health. |
| 0:40.1 | Medical research, too, tends to ignore women's biological needs and differences. |
| 0:45.0 | Now, some tech entrepreneurs are aiming to even things out. |
| 0:56.0 | But first... Global prices for oil, gas and coal are rising steeply. |
| 1:07.0 | Supplies just aren't meeting the demands of recovering economies. |
| 1:11.1 | Winter is coming. Fears of the impending temperature drop in the Northern Hemisphere have driven gas prices to record highs. |
| 1:17.6 | Gas stations across Britain have had to shut down because a shortage of truckers has led to widespread lack of available fuel. |
| 1:24.6 | China's really struggling to get enough energy. Coal, for example, |
| 1:28.9 | grew to record prices last year. It's paying sky high prices for liquefied natural gas. India is facing |
| 1:36.9 | major power shortages as the country's coal supplies dwindle. Now several states are looking at introducing |
| 1:43.4 | mass blackouts in order to save energy reserves. |
| 1:47.0 | All of this scrambling for good old-fashioned fossil fuels is a reminder of how much the world still depends on them, |
| 1:53.0 | despite a global push to tame the addiction. At the same time, it's a reminder that it's going to take lots of investment and resolve to kick the habit. |
| 2:02.4 | The idea of an energy shortage now may seem ridiculous. During the pandemic, there was a huge |
| 2:09.6 | crash in oil prices. Oil prices sinking overnight with WTI Slovnik to its 18-year low. That's below $20 a barrel. |
| 2:19.3 | And global energy demand dropped by 5% the biggest fall since the Second World War. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

