As oil rationing spreads, what comes next? Plus, Fermi America's collapse

As the oil crisis persists, the world is running on borrowed time and borrowed oil. Inventories are draining, and the pain that started in Asian petrochemical plants and Indian cooking fuel shipments is now spreading west. Now, the traders who move the world's oil are saying there's a reckoning coming for the rest of the world. This week, we dive into what happens if this keeps going. Does a shock this big finally weaken the world's oil addiction? Or do we just go right back to where we started? We also get into the emerging clean energy storylines: Countries are dusting off their transition plans, Chinese cleantech exports are surging, and Gulf states may pull back on climate tech investing. Then we turn to the world's most hyped data center developer, Fermi America, which raised nearly $750 million promising to build the largest campus ever. The company is now in freefall with no anchor tenant, a departed CEO, and a construction site that looks unchanged from six months ago. What went wrong? Credits: Co-hosted by Stephen Lacey, Jigar Shah, and Caroline Golin. Produced and edited by Stephen Lacey, Sean Marquand, and Anne Bailey. Want to watch this episode? Subscribe to our YouTube channel. Open Circuit is brought to you by FlexGen, a leader in integrated battery energy storage solutions and energy management software. FlexGen helps owners and operators gain greater visibility and control across complex energy systems to maximize performance. Learn more at www.flexgen.com. Tune into Critical Capital, a brand new podcast from Crux and Latitude Studios. Hosted by Crux CEO Alfred Johnson, Critical Capital explores the interlocking forces powering clean and critical infrastructure. Join us every other Tuesday for in-depth conversations at the intersection of energy, government, finance, and global markets. Listen here, or wherever you get podcasts.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(71)

The new reality for data centers: no easy answers

For 20 years, the blueprint for data centers was simple: find some land, get in line for power, and trust that the utility could deliver. Data centers and power infrastructure got built on separate tr...

2 Jul 34min

How APS dove head-first into AI [partner content]

AI is about far more than chatbots and copilots. For utilities, the bigger opportunity may be in applying purpose-built models to the operational data from smart meters, customer systems, weather, out...

30 Jun 20min

Is commercial fusion finally near?

For a half century, fusion has been a scientific story playing out in national labs, government research budgets, and peer-reviewed journals. Every so often, a bold claim captures the public's attenti...

26 Jun 59min

SpaceX’s IPO is an energy story

Depending on where you sit, SpaceX is either the greatest industrial company of our time, or a CapEx bonfire that requires a lot of imagination to justify. But either way, the company’s public debut ...

18 Jun 41min

America’s electricity rage is here

The anger and anxiety over electricity in America is palpable. You can see it in packed utility commission hearings, in protests against companies, and in furious reactions on social media. And you c...

12 Jun 49min

The biggest utility merger in US history?

First, it was a power bottleneck. Then a compute bottleneck. Now, as AI agents burn through tokens faster than anyone predicted, we're back in a compute shortage. Meanwhile, it's getting harder than e...

5 Jun 1h 1min

The climate messaging war returns. Does it matter if we can’t build?

A familiar debate is reemerging in US politics: is it helpful or damaging to talk about climate change? It broke into the open when the New York Times published an op-ed from Matthew Huber arguing th...

29 Mai 1h 7min

Crypto’s bare-knuckle politics come to climate

Last year, clean energy attracted double the investment of fossil fuels. It's now a multi-trillion dollar industry globally, and the dominant source of new capacity in the US. And yet in the 2024 ele...

22 Mai 46min