Podcast / Audio
The new Energy landscape post COVID-19: The Good, The Bad and the Ugly - Redefining Energy podcast
- Apr 1, 2020 9:56 am GMT
In Episode 22 of the Redefining Energy podcast, Gerard Reid and Laurent Segalen talk about COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy. Available on ITUNES and SPOTIFY, and other various platforms.
The episode is called the Good, the Bad and the Ugly.
- the (not so, but still relatively compared to the rest) Good being the world of clean energy and the wider world of power, which is likely to come out of this crisis relatively unscathed.
- the (very, but temporarily) Bad: Transportation; road, automotive and air are in an historic freefall as people stop travelling, but we foresee bailouts and ultimately, recoveries.
- the (apocalyptically) Ugly: Oil, obliterated by the collision of once in a century demand destruction and an also historic production glut flamed by the implosion of the OPEC+ cartel.
The co-hosts admit that nobody knows when the various Energy markets will bottom. We won’t speculate whether and when we will go back to the ‘norm’ or is the current crisis a glimpse at the future of Energy … Every listener’s guess is as good as ours.
The Episode nevertheless ends on a upbeat tone: friends and fellows of the Energy Transition, third time’s a charm: We’ve been through crisis in the early 2000’s with Enron+9/11, and we recovered; then in 2008/9 and the GFC, and we recovered. We will recover from this one as well. Because, we’re in it not just for the money, but also for a higher purpose, and that’s why we will always, always transcend the fossil fuel industry.
Book Reference: The Prize, Daniel Yergin
Huge progress in Electrification of Ships. More than half of the fleet could be electrified within 10 years as the Energy Efficiency and costs gains are phenomenal.
This document contains links to all of the major / educational papers I have written and posted to Energy Central. I originally posted this document at the end of 2018. This quarterly update is at the end of the third quarter (September) of 2022.
In this episode of Watt Matters, we make sense of the short and long-term measures that Brussels is proposing to alleviate Europe's energy price crisis and its impact on the EU's energy companies.