The Great Simplification with Nate Hagens Energy Crises & Global Power Shifts: The Struggle for Stability in Israel, Iran, and Beyond | Helen Thompson
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Nov 27, 2024 Helen Thompson, a Professor of Political Economy at Cambridge, dives deep into the intricate relationship between energy resources and global geopolitics. She discusses how the recent conflicts in the Middle East, especially the tensions between Israel and Iran, reshape energy dynamics and influence international relations. The conversation highlights the implications of a multipolar world on resource conflicts and the delicate balance of power. Thompson also shares insights on how global awareness and preparedness are essential for navigating future crises amid rising geopolitical uncertainties.
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Energy Awareness
- People are more interested in energy since the Ukraine war began.
- However, there's a fade-out effect when energy shocks don't materialize.
Absent Oil Shock
- The expected oil price shock hasn't materialized due to several factors.
- These include weak Chinese demand and Israel's diversified oil imports.
Saudi Arabia's Pearl Harbor
- The 2019 attack on Saudi oil facilities was a "Pearl Harbor moment" for them.
- This highlighted their vulnerability despite having US defense systems.
