Daniel Yergin, Vice Chairman of S&P Global and Pulitzer Prize-winning author known for his expertise in energy economics, shares insights into the troubled energy transition. He argues for a pragmatic approach, questioning the feasibility of the 'fast energy transition' scenario. Yergin discusses OPEC's strategies amid weaker demand and the implications of China's dominance in clean energy on U.S. competitiveness. Additionally, he offers advice for Canada on navigating U.S. trade pressures, emphasizing the importance of robust energy infrastructure and cooperation on critical minerals.
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insights INSIGHT
Energy Transition Is Complex
The energy transition will take longer and be more complex than initially expected.
Multiple factors like mineral needs, energy security, and AI demand reshape realistic timelines.
insights INSIGHT
AI Boosts Natural Gas Demand
AI’s rise significantly increases electricity demand, highlighting natural gas as a key fuel.
This changing energy consumption affects planning for power generation and infrastructure needs.
volunteer_activism ADVICE
Anticipate Green Backlash In Europe
Policymakers in Europe must balance ambitious green goals with economic competitiveness and public acceptance.
Recognize emerging "green backlash" challenges from political and public pressures.
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The Prize chronicles the struggle for wealth and power that has surrounded oil for over a century. The book spans from the drilling of the first well in Pennsylvania through two great world wars, the Iraqi invasion of Kuwait, Operation Desert Storm, and the Iraq War, to current climate change. It is a definitive work on the subject of oil, addressing its role in shaping major world events, global power dynamics, and the ongoing energy crisis. Yergin's narrative includes the rise of John D. Rockefeller's Standard Oil, the discovery of oil in various regions, and the geopolitical clashes over oil resources, making it crucial for understanding world politics and the global economy[2][3][5].
The New Map
Energy, Climate, and the Clash of Nations
Daniel Yergin
In 'The New Map: Energy, Climate, and the Clash of Nations', Daniel Yergin explores the significant changes in the global energy landscape, including the shale revolution in the United States, the rise of China, and the geopolitical tensions involving Russia. The book delves into the impact of climate change on energy policies and the ongoing transition towards a low-carbon future. Yergin also examines the geopolitical rivalries, particularly between the United States, China, and Russia, and how these dynamics are reshaping the world's energy map and global politics[3][4][5].
Please note that the interview with Daniel Yergin was recorded on June 11th, before the Israel and Iran conflict began on June 13th, 2025.
Here are some of the questions Peter and Jackie asked Daniel Yergin: Why did you describe the energy transition as troubled and in need of a pragmatic path forward? Do you believe there is a growing consensus that the “fast energy transition” scenario is unrealistic? Do you anticipate Europe softening its green policies and subsidies or extending timelines for net-zero goals? How do you foresee the trade war and competition between the G2 (the United States and China) evolving? How dominant is China in clean energy, and what implications does this hold for the United States' ability to compete? What is OPEC’s motivation for reintroducing supply to the market during a period of weaker demand? What strategy would you recommend for Canada to address US trade pressures and potential annexation threats?
ARC ENERGY IDEAS 
