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The Future of Energy Episode 3 | Daniel Yergin, Vice Chairman of S&P Global and Author of "The New Map"
Jun 15, 2024
In this episode, Daniel Yergin, Vice Chairman of S&P Global, discusses energy security, geopolitics, and the future of energy. Topics include the impact of shale oil and LNG on US energy independence, navigating decarbonization while ensuring energy security, the aftermath of COVID on oil demand, the shift to LNG in global energy, and the evolving landscape of energy demand and geopolitics. China's advancements in electric vehicle production and the importance of understanding the energy transition post-pandemic are also highlighted.
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Quick takeaways
- Shale oil drove US energy independence, reducing imports and boosting the economy.
- Emphasis on energy security post-COVID highlights importance amidst global crises and market disruptions.
Deep dives
Impact of Shale Oil on US Energy Independence
Shale oil played a significant role in the US achieving energy independence by reducing oil imports substantially. The import bill went from $400 billion a year to a 99% reduction, bringing economic benefits. A similar trend was observed with LNG, contributing to economic advantages often overlooked in discussions.
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