The war in Iran and closure of the Strait of Hormuz created a global energy supply crisis. And while gasoline prices didn’t reach the extreme highs some predicted a few months ago, the global markets are still in flux. “What has been disrupted most is the confidence in the old energy system where you could reliably and affordably dig up a source of energy thousands of kilometers away from where you expected to ignite it and expect that process to be smooth,” says Gerald Butts, chairman of political risk consultancy the Eurasia Group. What has the war in Iran meant for energy markets? How much have shortages and price spikes pushed more companies and countries toward renewable energy? As China reaps the benefits of decades of investment in clean tech and renewable energy, will the U.S. be left behind?Guests:Gerald Butts, Chairman and Senior Advisor, The Eurasia GroupScott Marlow, Founder and CEO, Long Rows Consulting; Agricultural policy expertAlex Wang, Law Professor, UCLA; Faculty Co-Director, Emmett Institute on Climate Change & the EnvironmentHighlights:For show notes, transcripts, and related links, visit ⁠⁠our episode page.***Join us on October 14 at 6 p.m. for a conversation with PG&E CEO Patti Poppe on energy affordability, outages, and public outrage. Tickets available at climateone.org/events ***On October 20 at 6 p.m. join us, in partnership with The Redford Center, for a screening of the short film In Earth We Trust, followed by a conversation with the filmmaker, the film’s central figure, and other faith leaders. Tickets available at climateone.org/events ***On November 5 at ***Support Climate One by going ad-free! Subscribe to Climate One on Patreon for exclusive access to all future episodes, free of ads. Sign up today.***Ad sales by Multitude. Contact them for ad inquiries at multitude.productions/adsLearn more about your ad choices. Visit megaphone.fm/adchoices