View / Hormuz limbo is now global oil’s top risk
Lost supply and a projected demand rebound have placed the oil market in a fragile equilibrium.
Executive Director, International Energy Agency
2022 was a landmark year for the energy transition. The world added a record amount of renewable energy, expanding the global installed capacity by nearly 10%. Electric vehicles also had a record year, reaching 10 million sales worldwide, a stunning 55% increase over the previous year. Yet despite this tremendous progress, the world is still not on track to meet its climate goals, with oil and gas demand predicted to be higher in 2030 than today.
Meanwhile, volatility in global energy markets is continuing to drive uncertainty over the future of the energy transition. Imbalances between supply and demand drove energy prices to dizzying heights last year, and 75 million people around the world lost access to electricity as a result.
What will it take to bring clean energy deployment in line with climate goals? What does the energy transition mean for the future of fossil fuels? And how can world leaders protect energy reliability in the transition to net zero?
This week host Jason Bordoff talks with Fatih Birol.
Fatih is the executive director of the International Energy Agency, the intergovernmental organization tasked with providing data and policy analysis regarding the global energy sector. He spent more than 20 years at the IEA prior to becoming executive director. Most recently, he served as chief economist, in charge of the organization’s flagship publication, the World Energy Outlook. Before joining the IEA, Fatih worked for OPEC, the Organization of Petroleum Exporting Countries.
This episode of the Columbia Energy Exchange is a recording of a live, in-person conversation that took place on April 12th during the Columbia Global Energy Summit 2023.
Abundance and affordability have become buzzwords among policymakers, who often have sharply different interpretations of how to attain them. To some, an energy abundance agenda means fewer regulatory...
It started last year as a pressure campaign at sea, with the United States seizing tankers as part of what President Trump called a “total and complete blockade”...
Over the past five months, the Strait of Hormuz has been closed for extended stretches of time, disrupting roughly 10 to 15 million barrels of oil supply each...
As the demand for power surges across the US, the debate over how to build energy infrastructure has reached a fever pitch. And while both sides of the...
The White House has just announced over $2 billion in new critical minerals, magnets, and battery investments.
Critical minerals were once again near the top of the agenda for G7 leaders as they met in Évian, France, this week, a year after the G7 launched the Critical Minerals Action Plan.
In March 2026, the Office of the US Trade Representative (USTR) announced it was investigating "structural excess capacity and production in manufacturing sectors" in 16 economies.