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S4 Ep7: Building a Just Energy Transition in an Age of Corporate and Imperial Power (Nick Buxton in Conversation with Thea Riofrancos, Ozzi Warwick, and Timothy Mitchell)

State of Power

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The Impact of Fossil Fuels on Power Dynamics

Exploring the historical relationship between fossil fuels and political power, this chapter highlights how coal and oil have shaped mass democracy, labor movements, and nationalist movements. It delves into the role of energy systems in reflecting and influencing power structures, discussing instances of resource nationalism and the transition of power from multinational to state-run oil companies in the late 20th century. The conversation underscores the interconnectedness of energy production, financialization, and global politics, emphasizing key historical moments like the energy crisis of the 1970s.

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