Podcast

Why today’s energy crisis will lead to profound change’

Amory Lovins on lessons learned from the last 50 years of energy security crises — and why today’s solutions are different.

In 1973, Arab countries cut off their petroleum exports to the U.S., and the price of oil quadrupled. Americans couldn’t get access to enough gasoline. The economy shrunk as a result. 

The Arab oil embargo was viewed almost entirely as a supply problem. But a few years later, a 28-year-old physicist named Amory Lovins published an article in Foreign Affairs magazine that completely shifted how we frame the issue. 

Nearly half a century later, we revisit Amory’s prescient essay as we grapple with another global energy security crisis. Fossil fuel prices have spiked to record highs as a result of Russia’s invasion of Ukraine. Countries are now racing to stop buying Russian oil and gas as quickly as possible.

This week, Amory Lovins explains the profound changes now underway in the global energy system — and how Russia’s war will accelerate them.

Guest: Amory Lovins, co-founder and chairman emeritus at RMI. Read his latest piece on how Russia’s war could accelerate the clean energy transition. (Canary Media is an independent affiliate of RMI.)

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