he Strait of Hormuz has been closed for months. Yet oil is trading — at least as of late Tuesday — at under $110 a barrel. Why haven’t the markets responded more to the biggest supply disruption of all time? Is it a credit to President Trump, and does it give us any clues to how future presidents should handle other energy crises?
On the latest episode of Shift Key, Rob talks with Jason Bordoff, the founding director of the Center for Global Energy Policy at Columbia University’s School of International and Public Affairs. He’s also a co-founding dean of the Columbia Climate School. He was previously a special assistant to President Obama and the senior director for energy and climate change at the White House National Security Council. Rob and Jason discuss whether this crisis will permanently alter the global energy system, what a new climate and energy consensus might look like, and whether Democrats should talk about climate politics.
Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.
You can find a full transcript of the episode here.
Mentioned:
The Iran Shock — And the Dangerous Allure of Energy Autarky, by Jason Bordoff and Meghan O’Sullivan
Jason’s initial response to the Iran War: How the Iran War Could Consolidate China’s Energy Dominance
From Heatmap: The Future of Climate Tech Can Be Found in China’s Five-Year Plan
Jason’s argument that energy independence may be making the U.S. more aggressive
Matthew Huber’s New York Times op-ed: Democrats Don’t Have to Campaign on Climate Change Anymore
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Music for Shift Key is by Adam Kromelow.
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