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Electric Power

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Energy | Electric Power

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Watch: Electric vehicles, renewables to re-order global energy supply chains

  • Featuring
  • James Wallis
  • Commodity
  • Electric Power
  • Length
  • 4:24

Despite US shale, global oil supply chains remain dominated by geography, while OPEC’s current strategy is reasserting dependence on an unstable Middle East. S&P Global Platts' Ross McCracken explains how the electrification of transport based on renewables could short- circuit this insecurity by localizing energy production and consumption. It would move energy provision from a just-in-time model based on international supply chains to a more long-term cycle of capital investment in local infrastructure, with profound implications for security of energy supply and international relations.