A ‘Permanent Reset’ in Oil?

A ‘Permanent Reset’ in Oil?

Destruction. Dislocation. Collapse. A permanent reset. Read any news about oil markets, and these are the vivid descriptions you’ll encounter.

We are now deep into an historic pause for oil demand across the globe -- shutting down oil fields, causing negative pricing, overwhelming our storage abilities, and forcing up to a million job losses this year.

"We are looking at a major demand destruction that we don't even know will come back," said Shell’s CEO Ben van Beurden on a recent investor call.

So if demand doesn’t come back, what happens? What are the direct consequences to the oil industry? And what are the opportunities for a “new energy order,” as the World Economic Forum is now calling it?

This week, Stephen and Shayle talk with Ed Crooks, vice chair for the Americas at GTM’s parent company Wood Mackenzie. Ed is a former editor at the Financial Times. He’s one of the go-to people watching oil market dynamics and how they intersect with the clean energy transition.

We had so many listeners write in during our live show about what’s unfolding in oil markets. So we’re going to try to tackle them.

The Interchange is brought to you by Prisma Energy Solutions. Prisma Energy Solutions provides a unique financing model for battery energy storage systems that can help you reduce energy demand, participate in both energy and ancillary service markets, improve renewables integration, increase system reliability, and reduce your carbon footprint.

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Episoder(343)

The world’s most-used carbon accounting rule is about to get a major overhaul. What does it mean for clean energy buyers?

The world’s most-used carbon accounting rule is about to get a major overhaul. What does it mean for clean energy buyers?

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It’s turbulent times for the wind sector in the US, but the outlook is better across the pond. What can the US learn from Europe?

It’s turbulent times for the wind sector in the US, but the outlook is better across the pond. What can the US learn from Europe?

Nearly 150 days into President Trump’s second term, the outlook for wind energy in the United States - particularly offshore wind - is increasingly bleak. Trump had pledged to end offshore wind develo...

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$8 billion in clean energy projects were cancelled this year. Can the US clean energy market survive tariff uncertainty?

$8 billion in clean energy projects were cancelled this year. Can the US clean energy market survive tariff uncertainty?

The US is risking ceding global market share of clean energy to China, permanently.New tariffs, put in place one day then removed the next. Rising costs for everything along the supply chain. The US c...

20 Mai 202543min

What’s the biggest mistake clean energy developers make when chasing tax equity? | Sponsored content from Foss and Company

What’s the biggest mistake clean energy developers make when chasing tax equity? | Sponsored content from Foss and Company

Tax equity plays a significant role in clean energy finance, but are developers using it effectively, or are they stumbling over complexities and recent changes? Sylvia Leyva Martinez is joined by Bry...

7 Mai 202530min

An energy podcast crossover: Energy Gang and Interchange Recharged join forces to discuss flexibility on the power grid: why it is so important, and how to create it

An energy podcast crossover: Energy Gang and Interchange Recharged join forces to discuss flexibility on the power grid: why it is so important, and how to create it

They called the film Avengers: Infinity War the most ambitious crossover event in history. We can’t quite make the same claim, but at Wood Mackenzie’s 2025 Solar and Energy Storage Summit, we did reco...

30 Apr 202539min

In uncertain times, is a greater reliance on battery storage what’s needed? And how can developers better prepare for it? | Recorded live at Wood Mackenzie’s Solar & Energy Storage Summit

In uncertain times, is a greater reliance on battery storage what’s needed? And how can developers better prepare for it? | Recorded live at Wood Mackenzie’s Solar & Energy Storage Summit

Wood Mackenzie’s 18th Solar and Energy Storage summit is back, in Denver this week. If you can’t make it, don’t worry – we have all the debate and key insight you need to know here on the podcast. Rec...

25 Apr 202536min

Solar and energy storage experts debate the current market: what have we seen in the first quarter of 2025?

Solar and energy storage experts debate the current market: what have we seen in the first quarter of 2025?

Wood Mackenzie’s 18th Solar and Energy Storage summit is back, in Denver this week. If you can’t make it, don’t worry – we have all the debate and key insight you need to know here on the podcast.Reco...

24 Apr 202550min

It’s uncertain times in solar and storage. How can we use smarter grid optimisation to give developers some assurance? | Recorded live at SESS 2025

It’s uncertain times in solar and storage. How can we use smarter grid optimisation to give developers some assurance? | Recorded live at SESS 2025

Over the past couple of years unprecedented low prices for solar panels have spurred incredible growth. But there’s a big shift underway. In this special episode of the show, recorded live from the st...

24 Apr 202528min

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