Daniel Yergin Sees a 'Different World' Emerging After the Hormuz Crisis
4/22/202646 min
When it comes to the history of oil and energy, nobody is more famous or well respected than Daniel Yergin. He is the Vice Chairman of S&P Global, and the Pulitzer Prize winning author of both The Prize: The Epic Quest for Oil, Money, and Power and The New Map: Energy, Climate, and the Clash of Nations. So we had to get his insights on the war in Iran, and its historical significance. Yergin tells us that a "different world" will emerge from the crisis surrounding the closure of the Strait of Hormuz, regardless of the war's ultimate outcome. Iran's ability to control the Strait against a much stronger military is a demonstration that the balance of global power is changing, with profound ramifications for countries around the world. We discuss how different regions are being affected, and how it will change their calculus when it comes to energy security. We also talk about the AI industry's seemingly insatiable demand for electricity, and how this is rippling across the entire energy landscape.
Read more:
Oil Traders Warn of Recession Impact as Hormuz Hits Demand
China Aggressively Sold Oil in Recent Weeks, Mercuria CEO Says
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Tracy Alloway· Host0:28
Hey there, Odd Lots listeners. Joe and I are very excited to announce that we will be holding our first ever live show in London.
Joe Weisenthal· Host0:37
That's right. We've done, uh, shows around the country, around the US a fair amount. Always a lot of fun. Meet guests, record live episodes on stage. Fans of the podcast get to meet other fans of the podcast and so forth, but this is our first time doing one of these outside the US, in London, as you said.
Tracy Alloway· Host0:53
So if you wanna come hear some live recordings of Odd Lots episodes, if you wanna hang out with me and Joe, if you wanna hang out with other Odd Lots listeners, then you should definitely head over to bloomberg.com/oddlots where you can find all the info there and purchase tickets. It's gonna be on the evening of May 7th at Wilton's Music Hall. Doors open at 6:00, and the recordings start at 7:00.
Joe Weisenthal· Host1:15
Yep, there's still a few tickets available, so go look on the website, go look to our Twitters. The ticket link is also in the show notes to this episode, so, uh, go buy a ticket before they sell out.
Tracy Alloway· Host1:25
Hope to see you there.
Daniel Yergin· Guest1:26
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