Latest Interviews
Showing 1–9 of 9 transcripts.
Clear all filters- The Economist9 min
Big Oil’s Iran windfall won't last | The Economist
Vijay Vaitheeswaran, Alice Fulwood, Ethan Wu
At the record-breaking CIRA Week conference convened by historian Daniel Yergin, global energy executives expressed immediate financial jubilation regarding windfall profits from high oil prices while grappling with severe geopolitical risks threatening the Strait of Hormuz. Key figures like ADNOC CEO Sultan Al-Jaber and General Mattis warned that disruptions to this critical choke point endanger not only crude shipments but also essential fertilizer supplies and semiconductor helium, creating potential global food and technology crises. Simultaneously, the assembly noted a strategic disconnect in US policy regarding the conflict and observed that current instability is accelerating a structural shift toward electric vehicles and clean energy in emerging economies to reduce reliance on volatile supply chains.
- The Economist11 min
Why Trump’s Venezuela oil gamble won’t pay off
Trump, Vijay Vaitheeswaran, Ethan Wu, Mike Bird
Analysts warn that restoring Venezuelan oil production to historical levels requires over $100 billion in investment and sustained global prices above $80 per barrel, conditions currently unmet by market forecasts and compounded by decades of legal instability following expropriations in the 1970s and 2000s. While U.S. Gulf Coast refineries could benefit from a short-term influx of heavy crude, industry experts argue that such a strategy is economically obsolete given America's status as a net energy exporter and the global shift toward decarbonization and renewable technologies. Consequently, the initiative faces a critical divergence between the administration's desire for immediate geopolitical wins and the oil sector's need for long-term property rights security and viable return horizons.
- The Economist14 min
Geothermal energy’s massive leap forward
Driven by artificial intelligence data center demand and hydraulic fracturing innovations, next-generation Enhanced Geothermal Systems are overcoming historical geological constraints to provide 24/7 firm power. Leading this expansion is Vervo, a startup backed by Bill Gates and Google that recently secured California's largest commercial power purchase contract to generate hundreds of megawatts by 2026. While the U.S. Department of Energy forecasts production exceeding current nuclear output by 2050, realizing this potential requires resolving regulatory complexities regarding seismic supervision and market valuation.
- The Economist15 min
Energy crisis: what can 1973 teach us?
Christian Onda, Vijay Vaitheeswaran
The event analyzes the parallels between Russia's 2022 invasion of Ukraine and the 1973 oil crisis, highlighting how Western dependence on single suppliers has triggered a severe global energy shortage and humanitarian disparities. It details how current strategies, such as aggressive LNG procurement and coal expansion, are pricing out developing nations and risking long-term climate goals while failing to replicate the US model of self-sufficiency. Experts conclude that without diversifying suppliers and accelerating decarbonization, Europe faces imminent threats of mass casualties and economic instability during the upcoming winter.
- The Economist6 min
Green energy: Which sources are the most sustainable?
Strategic discussions emphasize that achieving net-zero emissions requires maintaining and expanding nuclear power while addressing political resistance alongside the technical limitations of solar intermittency and high biofuel costs. Global experiments are underway to test hydrogen and multi-season storage solutions to overcome solar distribution losses, while electric vehicles and heat pumps are identified as critical leverage points for decarbonizing transport and buildings. Critics warn that current biofuel subsidies distort food markets, reinforcing the need to prioritize building efficiency and grid decarbonization over agricultural energy production.
- The Economist9 min
How do carbon markets work?
Building on the success of the 1990 US Acid Rain Program, global policymakers have adopted cap-and-trade systems to limit emissions, yet rising greenhouse gases indicate current carbon prices remain insufficient to drive the necessary economic shift. Economists Joseph Stiglitz and Nicholas Stern assert that meeting Paris Agreement targets requires a global carbon price of $50 to $100 per tonne by 2030, necessitating stricter penalties, minimum pricing floors, and border carbon adjustments to address enforcement gaps and carbon leakage. As the European Union drives prices upward through permit reductions and introduces import taxes to prevent regulatory arbitrage, international experts emphasize that harmonizing these markets, particularly with major emitters like China, is critical for effective global decarbonization.
- The Economist8 min
Hydrogen: fuel of the future?
As a high-density energy carrier essential for decarbonizing heavy industries like steel and cement, hydrogen is seeing a surge in global adoption with over 350 large-scale projects totaling $500 billion in investment. Despite historical production challenges and public perception hurdles stemming from the Hindenburg disaster, government mandates in nations like Germany and China are accelerating the shift toward renewable green hydrogen. This strategic transition positions hydrogen as a critical component for long-term net-zero goals in sectors where direct electrification remains impractical.
- The Economist7 min
What is net zero?
Over fifty nations and major global entities have committed to the Paris Agreement goal of balancing greenhouse gas emissions with removals by the mid-to-late 21st century, a target essential for curbing the annual 40-billion-tonne carbon output of the current economy. While established methods like reforestation offer immediate relief, the strategy increasingly relies on unproven negative emission technologies to handle hard-to-abate sectors, creating a strategic risk that delayed emission cuts will be offset by future innovations. This transition faces significant hurdles, including disputes over accountability between historic and emerging emitters and the absence of universal accounting policies, leaving the achievement of net zero as a complex endeavor requiring unprecedented global cooperation beyond mere technological solutions.
- The Economist14 min
Will covid kill globalisation?
Driven by the 2008 financial crisis, the US-China trade war, and the COVID-19 pandemic, the global economy is rapidly shifting from hyper-connectivity toward a fractured, regionalized structure where supply chain resilience outweighs pure efficiency. This transformation forces multinational corporations to localize operations while simultaneously triggering technological decoupling and political nationalism that risks leaving developing nations behind in the industrialization race. Experts conclude that while the era of unfettered global trade has ended, the optimal future path lies in fostering "resilient interdependence" rather than isolationist barriers.