53 comments

  1. I thought that he was going to deliver something that we all weren’t aware of. Dude, you are telling me what I already know.

  2. Friedman describes what’s wrong with our energy policy, but it points to what’s broken in our political system generally: We need to be working together to find realistic, pragmatic, and coherent policies to get us to green energy. The answer and plan we might arrive at will be too slow for some, and too fast for others.

    1. @Steen Romme I couldn’t agree more with you! I’m a US citizen and I don’t agree with most of what EITHER party says. I’ve long asked the question, why do we have only 2 choices when other democracies have 10…14….20

    2. @Pixelarter and this will not change because those with the money influence those in power and pass laws to benefit them and not the US or the people of the US. How many 0’s does one need on their bank statement?

    3. @Mark B imagine the possibilities with multi party goverment ! With mid terms coming up and Democrats lose Congress, nothing will actually be done for the next 2 years. Deadlock and blocking, instead of working for improvement and overall responsibility for the citizens.

    1. @Real Time Biblical Interpretation Key word: Has. History to present: Has had, – past perfect progressive.
      The international rule is not necessarily reality of the actual situations in situ.

    2. @Real Time Biblical Interpretation Being a warmonger, rather than a compromiser, brings more devastation. Compromise.
      Russia has had a naval base in Crimea since th 1700’s. Novorossiya was part of Russia from the 1700’s through 1917. Ukraine was given that land during the USSR time. In 1991 Russia and Ukraine became more separate, and the conflicgt over the Novorossiya region began. By November 1991, representatives from the Odesa, Kherson, Mykolaiv, and Crimean Oblasts had met in Odesa to discuss the question of forming a new state, “Novorossiya”. This was necessitated, they explained, by the growth of “nationalist tendencies” in Ukraine, its increasing isolationism, and diminishing ties with Russia, and increasing ties to the USA/TheWest, which Russia opposes in regard to the governing of the Kievan Rus land.

      Putin wanted to stop escalating all along,… but Ukraine wouldn’t compromise. Russia has had a naval base in Crimea since th 1700’s. Novorossiya was part of Russia from the 1700’s through 1917. Ukraine was given that land during the USSR time. In 1991 Russia and Ukraine became more separate, and the conflicgt over the Novorossiya region began. By November 1991, representatives from the Odesa, Kherson, Mykolaiv, and Crimean Oblasts had met in Odesa to discuss the question of forming a new state, “Novorossiya”. This was necessitated, they explained, by the growth of “nationalist tendencies” in Ukraine, its increasing isolationism, and diminishing ties with Russia, and increasing ties to the USA/TheWest, which Russia opposes in regard to the governing of the Kievan Rus land.

    3. @Real Time Biblical Interpretation Care about all the people, and the environment. Compromise, bide the time for transformation and goodness. The USA and The West bring chaos under the guise of kindness.

  3. The assumption that the oil industry is going to agree, on any level, to help phase itself out is ridiculous. These are companies which are fully aware that their industry is an existential threat to mankind. They are capitalists, profits are their religion.

    1. @Jock Young Green energy cannot be monopolized like oil. Investments in oil drilling are in the 10s to 100s of millions before ever seeing a profit. No similar roadblocks exist for green and energy prices will fall.

    2. You stated the obvious truth for an industry that has been getting huge tax breaks for decade and has no love for any country including the US.

  4. The 40 years of globalization was not all that positive as he thinks. The end result is what we are seeing today. The world is totally interconnected and the financial system is a sham which is now collapsing. We may miss the results but they were always built on a failing foundation.

  5. On China and rare earths: During the 70s the US was the leading source of rare earths. There are lots and lots of deposits of rare earths in countries commercially friendly to the West. The reason the West got out of rare earth production and refining is that it is ecologically perilous. It would probably be much more expensive to produce rare earths than the current Mongolian production if it was done in an environmentally sensitive way, but the added cost might be worth less dependence on China. China, for a number of reasons, will likely be greatly diminished by the end of the decade and not a reliable trading partner.

    1. @Hertog von Berkshire expensive big projects take time to get started.

      Main problem is, as with all things from China, all countries can find other suppliers, but not at the same cheap price. Therefore, inflation.
      Just limiting supplies from a small economy like Russia and China slowing production due to Zero COVID has caused most of the inflation in the world, and people are going crazy over the current 10%. They definitely won’t be able to stomach 100% inflation.

    1. Were you wishing the same for the people of Iraq and Afghanistan? Just asking…. and if this is different circumstance, please educate me, I’m open to read your opinion.

  6. 3:00 I’m all for developing renewable energies too, but it’s not as if nuclear or other power stations can be built over night. Frankly, we should have been going green decades ago, but we kept putting it off.

    Plus nuclear power station designs exist that can burn existing nuclear waste and are incapable of melting down. Again, we could have started building those years ago as well.

    1. Oil scarcity is the best way to make rapid progress in renewable energy. The research and development $$$ will come now, (although centuries too late)
      If we could get Big Oil bought politicians out of office, the one’s who block everything not old, dirty and inefficient (like Oil & themselves). This could be a Golden Age of progress in renewable energy. You know,
      “Necessity is the mother of invention”.

  7. it is going to be a warm winter in Europa, according to the meteorologist’s. So it might not be as hard as everyone says it will be, but it is winter so it will be cold but the amount of energy needed might be a lot less than expected.

  8. I agree with Fareed about the fragility of the relationship, but you have to consider what I believe is the most important factor in US-Saudi relations. SA cannot defend themselves and MUST rely on American troops and technology. I’ve worked with the Saudi military and they are (I’ll be nice here) incapable of defending themselves during any type of conflict.

  9. I agree that he’s stating the obvious but I also believe that we need to keep having the conversation about what we’re expecting from our oil and gas companies. We keep trying to put them out of business with legislation and at the same time asking them to save the world during a time when fuel is essential to the war effort.

  10. Tom Friedman communicated the fundamental solution and key objectives that we voters and politicians should be focused on right now. Get it done!

  11. I dono but I live in Sweden so I guess we’re about to see what’s poppin with these gas prices.

    But I like this guy he’s spitting the straight forward answer.
    We need more of this

  12. Much of Friedman’s emphasis in recent years has revolved around economic relations. He’s been a strong supporter of “globalization”: the international  rules and policies allowing corporations to function with legal prerogatives that routinely trump labor rights, environmental protection and economic justice.

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