As oil rationing spreads, what comes next? Plus, Fermi America's collapse

About this episode

The episode discusses the ongoing oil crisis and its implications, alongside the collapse of Fermi America, a major data center developer.

As the oil crisis persists, the world is running on borrowed time and borrowed oil. Inventories are draining, and the pain that started in Asian petrochemical plants and Indian cooking fuel shipments is now spreading west. Now, the traders who move the world's oil are saying there's a reckoning coming for the rest of the world. This week, we dive into what happens if this keeps going. Does a shock this big finally weaken the world's oil addiction? Or do we just go right back to where we started? We also get into the emerging clean energy storylines: Countries are dusting off their transition plans, Chinese cleantech exports are surging, and Gulf states may pull back on climate tech investing. Then we turn to the world's most hyped data center developer, Fermi America, which raised nearly $750 million promising to build the largest campus ever. The company is now in freefall with no anchor tenant, a departed CEO, and a construction site that looks unchanged from six months ago. What went wrong? Credits: Co-hosted by Stephen Lacey, Jigar Shah, and Caroline Golin. Produced and edited by Stephen Lacey, Sean Marquand, and Anne Bailey. Want to watch this episode? Subscribe to our…

People in this episode

Hosts: Stephen Lacey, Jigar Shah, Caroline Golin

Topics covered

• oil crisis
• clean energy
• Fermi America
• energy transition
• petrochemical industry

Keywords

• oil rationing
• energy management
• clean technology
• petrochemical plants
• data center
• construction
• climate tech

Sponsors

FlexGen

Mentioned in this episode

Organizations: Fermi America

Places: Asia, India, Gulf

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