Home Economics Oil be damned—can the West afford to ban Russian power?

Oil be damned—can the West afford to ban Russian power?

Oil be damned—can the West afford to ban Russian energy?

Mar ninth 2022

AS AMERICA and Britain introduced embargoes on Russian power, our world power and local weather innovation editor Vijay Vaitheeswaran talked to grease and fuel trade leaders in Houston the place jaws dropped and costs soared. He asks Jose Fernandez, US undersecretary of state for financial progress, and Fatih Birol, head of the Worldwide Vitality Company, whether or not the West can afford to ban Russian oil. As governments scramble to plug the shortfall, we ask Scott Sheffield, head of Pioneer Pure Assets, and Vicki Hollub, chief govt of Occidental Petroleum, whether or not this might be American shale’s massive second. And Bob Dudley, former boss of BP who now heads the Oil and Gasoline Local weather Initiative, argues how the frenzy for power safety does not essentially put the power transition on maintain. Runtime: 42 min

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