Why oil prices are surging

The pandemic proved we are still hooked on petroleum.

On The Carbon Copy podcast this week:

When the pandemic shut down the global economy in March 2020, demand for oil and gas collapsed. This raised questions about whether we’d hit peak demand for petroleum.

But as we near the end of 2021, the situation looks very different. Oil and gas prices are now at multiyear highs.

And as world leaders gathered for climate talks in Scotland to discuss lowering fossil fuel use, there were calls to increase oil production to stabilize prices — including from President Joe Biden.

This week, we discuss why oil is complicating global climate goals and threatening the pandemic recovery. 

Our guest is Deborah Gordon, a senior principal in the Climate Intelligence Program at RMI. Deborah’s new book is No Standard Oil: Managing Abundant Petroleum in a Warming World.

The Carbon Copy is a co-production of Post Script Media and Canary Media.

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