Energy geopolitics expert and author Daniel Yergin discusses the post-Ukraine global energy order and lessons from his book. Hosts chat about COP28 and UAE's role. Guest explores energy geopolitics, historical context, impact of sanctions on Russian oil, and reading preferences including history books and thrillers.
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insights INSIGHT
Energy Trade Became Geopolitical After 2022
Energy trade is both commercial and political, and recent years have shifted it toward geopolitics.
The invasion of Ukraine in 2022 effectively ended the era of a unified global oil market and created a partitioned market dynamic.
insights INSIGHT
LNG Undermined Russia's Gas Leverage
Russia used gas as a political weapon but failed because markets adapted.
Rapid growth of LNG, especially U.S. exports, provided Europe alternatives that blunted Moscow's leverage.
question_answer ANECDOTE
Putin Shouted About Shale At St Petersburg Forum
Yergin recounts being shouted at by Putin at the St. Petersburg forum over shale's impact.
Putin opposed U.S. shale because it undercut Russia's gas position and augmented U.S. energy strength.
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On this episode of the Energy Security Cubed Podcast, Kelly Ogle has a conversation with Daniel Yergin about the post-Ukraine global energy order, and reflections on the lesson from his book, "The New Map: Energy, Climate, and the Clash of Nations". You can find his book here: https://www.amazon.ca/New-Map-Energy-Climate-Nations/dp/1594206430
For the intro session, Kelly and Joe Calnan chat about the COP28 climate conference and the UAE's position in global affairs.
Guest Bio:
- Daniel Yergin is a Pulitzer Prize winning author and the Vice Chairman of S&P Global
Host Bio:
- Kelly Ogle is the CEO of the Canadian Global Affairs Institute
Reading recommendations:
- "Edmund Burke: The First Conservative", by Jesse Norman: https://www.amazon.ca/Edmund-Burke-Jesse-Norman-author/dp/0465062938
- "The Last Ships from Hamburg: Business, Rivalry, and the Race to Save Russia's Jews on the Eve of World War I", by Steven Ujifusa: https://www.amazon.ca/Last-Ships-Hamburg-Business-Rivalry/dp/0062971875
- "AI Superpowers: China, Silicon Valley, and the New World Order", by Kai-Fu Lee: https://www.amazon.ca/AI-Superpowers-China-Silicon-Valley/dp/132854639X
- "The Coming Wave: Technology, Power, and the Twenty-first Century's Greatest Dilemma", by Mustafa Suleyman and Michael Bhaskar: https://www.amazon.com/Coming-Wave-Technology-Twenty-first-Centurys/dp/0593593952
Interview recording Date: December 6, 2023
Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary.
Produced by Joe Calnan. Music credits to Drew Phillips.
The CGAI Podcast Network 