Jeffrey Sachs
speaker
3,689 appearances
22 recordings
10 series
first heard Oct 2024
last heard 6d ago
Jeffrey Sachs’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 15 in all, peaking in Sep 2026 with 5.
Appearances
And what will happen in a short period of time is not a closure of shipping, but a destruction of the physical capacities of providing the oil and the gas and the fertilizers and the petrochemicals and the other products.
very core commodities for the world economy.
And it doesn't take that much to bring the world economy into a tailspin because you don't need to close down half the oil supply.
You might need to shut off 20% of the world oil supply, and that by enough will send the prices soaring.
make americans really suffer across the board because it's not only at the gas pump and not only in the utility bills but also in the cost of food which will soar from this as well because there will be a worldwide disruption of food supplies coming from this because we're a very significant proportion of the urea
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
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