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Daniel Yergin – Oil Explains the Entire 20th Century
Dwarkesh Podcast
Policy and Technology Drive Energy Transition
The energy transition will occur primarily due to policy changes and technological advancements rather than solely through price mechanisms. Historical perspectives on energy transitions are overly simplistic; previous transitions have typically involved the addition of new energy sources rather than replacing existing ones. For instance, while oil has surpassed coal as the dominant energy source over time, coal usage has continued to rise. The current expectation of transforming the energy landscape within a mere 25 years is unrealistic, highlighting the complexity and uniqueness of the present energy transition.
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