11min chapter

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Daniel Yergin – Oil Explains the Entire 20th Century

Dwarkesh Podcast

CHAPTER

The Energy Crisis and Economic Evolution

This chapter explores the lasting effects of the 1973 oil crisis on U.S. economic growth, contrasting periods of productivity with post-crisis stagnation. It highlights the increasing energy demands of AI and data centers, projecting significant future electricity consumption and the need for innovative energy solutions. The dialogue intertwines historical energy transitions with modern advancements, examining the complexities of electricity generation and the implications for economic development.

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