What Banning Russian Oil Really Means
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 15 March 2022
⏱️ 24 minutes
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Summary
While the U.S. ban on Russian oil correlates with rising prices in the U.S., it’s still subject to a global market that was on the upswing anyway. In the long run, could the rising prices, whether the result of the ban or not, actually help accelerate decarbonization efforts and move the U.S. to more sustainable forms of energy?
Guest: Robinson Meyer, staff writer at The Atlantic. He is the author of the newsletter The Weekly Planet, and a co-founder of the COVID Tracking Project at The Atlantic.
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Transcript
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| 0:00.0 | When I got Robinson Meyer on the phone, he reports about energy over at the Atlantic. |
| 0:11.7 | I wanted to talk to him about this thing I started noticing whenever I go fill up my car with gas. |
| 0:18.0 | Have you heard of these anti-Biden gas pump stickers? |
| 0:23.3 | I have. |
| 0:24.4 | He's pointing at the number and being like, I did that. |
| 0:28.0 | Yes. |
| 0:29.6 | You can buy these stickers on Etsy, Amazon. |
| 0:33.3 | Usually they feature a goofy-looking Joe Biden. |
| 0:36.3 | People have been cementing them right next to the little meter that tallies up the cost of topping off your tank. |
| 0:43.3 | Sometimes there's more than one sticker plastered on a pump. |
| 0:46.6 | A version with Kamala Harris saying, I helped, is available too. |
| 0:51.2 | Or you can get one with Donald Trump promising to make affordable gas again. |
| 0:56.3 | These stickers, they've been cited all around the country. |
| 0:59.7 | The funny thing is I've actually seen a photo of them in the UK. |
| 1:03.0 | Whoa! |
| 1:04.5 | I mean, to me, I look at stickers like that and I just think it's going to be hard for this administration to unyoke itself from high |
| 1:15.4 | gas prices. Yes. Yes, that's absolutely right. I remember paying a buck 25, a buck 50 for gas, |
| 1:23.3 | and now it's like 420, and that's a big leap, you know. |
| 1:30.5 | Rob says the other thing about this price spike is that it's not going anywhere, not anytime soon. |
| 1:37.4 | So are we entering an oil crisis? |
| 1:39.7 | We are entering a period of genuinely more scarce oil. |
| 1:46.8 | But it's different than the 70s, right? |
... |
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