Jeffrey Sachs
π€ SpeakerAppearances Over Time
Podcast Appearances
which underpins the nitrogen-based fertilizers of the world, come from this region.
From natural gas.
From the natural gas production, exactly.
From the oil and gas fields, the hydrocarbon production, and other petrochemicals as well.
I'm afraid that it won't take long for this to happen.
Well, governments will fall if that happens globally.
Yes, one leader pulled me aside a few weeks ago, I don't wanna say who exactly, but said that that person was in a country that has a lot of oil production, not from the region, and said, Jeff, you don't understand.
I governed our state oil company
these are complex systems.
Yes.
They don't get rebuilt so fast, believe me.
Right.
This was a very authoritative figure, and I really take that to heart.
Exactly.
And these are very sophisticated plants, and they are not built
for war.
They are built for just normal, peaceful, complex, sophisticated operations.
And a lot of that could be destroyed in a very, very short period of time.
asking the Federal Reserve a few days ago for emergency swap lines that may be needed in the event of a crisis.
This is kind of shocking because, first of all, the Emirates you think of as super rich.