Is There a Global Energy Crisis?

Money For the Rest of Us

With oil, natural gas, coal, and gasoline at the highest prices in eight years, we consider if there is an energy crisis due to an over-reliance on renewable energy sources.

Topics covered include:

• How high have prices risen for oil, gasoline, natural gas, and coal
• Why rising energy prices is a multifaceted problem as illustrated by coal
• How the global energy mix has changed for power production
• Why investment capital is flowing to renewable energy projects rather than fossil fuel projects
• Why a clean energy transition leads to more volatile fossil fuel prices
• How higher oil prices lead to greater adoption of electric vehicles
• How renewable energy combined with battery technology will create lead to energy on-demand solutions

Thanks to Egnyte and Policygenius for sponsoring the episode.

For more information on this episode click here.

Show Notes

US coal prices jump to highest level since 2009 by Myles McCormick—Financial Times

China’s Energy Crisis Complicates Its Plans for Climate Announcements Ahead of COP26 by Sha Hua and Keith Zhai—The Wall Street Journal

China’s Coal War With Australia Fuels Shortage at Home by Chuin-Wei Yap—The Wall Street Journal

China’s Coal Shortage Threatens Farmers in India and Truckers in South Korea by Jiyoung Sohn in Seoul and Vibhuti Agarwal—The Wall Street Journal

The Gregor Letter

President Jimmy Carter - Report to the Nation on Energy (Video)

Share of renewables, low-carbon sources and fossil fuels in power generation, World 1990-2019—IEA

Oil 2021: Analysis and forecast to 2026—IEA

Coal—IEA

Statement on recent developments in natural gas and electricity markets—IEA

Renewable energy firms warn of difficult conditions amid slow winds by Jasper Jolly—The Guardian

Global EV sales rise 80% in 2021, as automakers including Ford, GM commit to zero emissions: BNEF by Robert Walton—Utility Dive

Everyday Driver

In 1900, Ladies’ Home Journal Publishes 28 Predictions for the Year 2000 by Josh Jones—Open Culture

Here’s what’s in the infrastructure bill that Biden signed today By Emily Cochrane, Christopher Flavelle, and Alan Rappeport—The New York Times

Battery Storage in the United States: An Update on Market Trends—U.S. Energy Information Administration

Metals may become the new oil in net-zero emissions scenario by Lukas Boer, Andrea Pescatori, Martin Stuermer, Nico Valckx—Vox EU, CERP

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