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Patricia Cohen

๐Ÿ‘ค Speaker
204 total appearances

Appearances Over Time

Podcast Appearances

The Daily
Are Higher Energy Prices Here to Stay?

It's how big factories and industry use to power and run their machines and such.

The Daily
Are Higher Energy Prices Here to Stay?

Korea, LNG makes up about 20% of its total energy supply, and it generates about 25% of its electricity.

The Daily
Are Higher Energy Prices Here to Stay?

And Korea is an interesting example because that's a country that in the last 25 years has increased its use of LNG by more than 200 percent.

The Daily
Are Higher Energy Prices Here to Stay?

So you can understand why all of this is so disruptive to some of these countries.

The Daily
Are Higher Energy Prices Here to Stay?

that are really important in industrial production.

The Daily
Are Higher Energy Prices Here to Stay?

So one of them is naphtha, which is probably something you've never heard of, but it's really important in making plastics and other gas products.

The Daily
Are Higher Energy Prices Here to Stay?

Helium is really important for making semiconductors.

The Daily
Are Higher Energy Prices Here to Stay?

And then...

The Daily
Are Higher Energy Prices Here to Stay?

There's nitrogen-based fertilizers, which are crucial to the world's food supply.

The Daily
Are Higher Energy Prices Here to Stay?

And fertilizer prices have soared.

The Daily
Are Higher Energy Prices Here to Stay?

And farmers are really worried, one, can they even afford to buy fertilizer?

The Daily
Are Higher Energy Prices Here to Stay?

And two, will it even be available for them to use?

The Daily
Are Higher Energy Prices Here to Stay?

Exactly, exactly.

The Daily
Are Higher Energy Prices Here to Stay?

So remember, we're in the middle of an energy shock.

The Daily
Are Higher Energy Prices Here to Stay?

Already, we're dealing with higher prices of oil and that this oil can't get to where it needs to go.

The Daily
Are Higher Energy Prices Here to Stay?

And so for countries that also use a lot of LNG, it's like a double whammy because now prices of that are going up.

The Daily
Are Higher Energy Prices Here to Stay?

And so for poor countries, it's really hard because they have trouble affording even the energy supply that's available.

The Daily
Are Higher Energy Prices Here to Stay?

We've seen in places like Sri Lanka and Pakistan, schools are being closed, government offices are being closed.

The Daily
Are Higher Energy Prices Here to Stay?

In Thailand, they're asking people to take the stairs instead of elevators.

The Daily
Are Higher Energy Prices Here to Stay?

Work weeks are being shortened to four days.