Bordoff: Critical mineral supply shocks do not disrupt daily energy use like oil
Jason Bordoff · The Big Switch: Are Batteries the New Oil? · Apr 11, 2024 · at 37:56
Jason Bordoff, founding director of Columbia's Center on Global Energy Policy, distinguishes between energy security risks from mineral supply chains versus fossil fuel daily flows.
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“So critical minerals are an input to a manufactured good that can produce energy or store energy. It is not energy. We don't burn critical minerals for energy, and so if we had a disruption in some types of critical minerals, you might see delays and much higher costs for batteries. You might have to wait six months or 12 months to be able to buy a new electric vehicle. You might see delays in solar panels. It wouldn't affect your ability to charge your electric car today or get electricity from your solar panel today. So the risks to the macroeconomy are different than they are for oil.”
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