The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Yergin: European wholesale power costs will exceed $1 trillion in 2022
“Typically, the European wholesale electric power costs are a hundred to hundred and fifty billion dollars. This year, they'll be over a trillion dollars.”
Yergin: China's Russian oil imports surged from 1M to nearly 2M bpd
“You know, it's interesting to see, since this crisis began, they're up to almost two million barrels a day on Of Russian oil now. And, you know, before they were kind of keeping it at a million barrels a day.”
Yergin: Russia is earning more from energy in 2022 than in 2021
“One is the fact that Russia is making more money out of energy this year than it did last year.”
Yergin: US LNG supplied Europe more gas than Russia in Jan 2022
“And in fact, one point in January, before the crisis, the U.S. LNG was supplying more natural gas to Europe than Russian pipeline gas.”
Yergin: Chinese companies resold LNG cargoes to Europe at a markup
“In fact, Chinese companies recently have sold cargoes of LNG that they had purchased from other people to the Europeans at a higher price.”
Yergin: Russia's share of India's oil imports jumped from 1% to 20%
“Russia used to supply one percent of India's oil. Now it's supplying 20% of India's oil.”
Yergin: IRA provides 5x tax credits for using union labor
“Five times the tax credits if you use union rather than non-union labor.”
Yergin: Europe is entering recession and US will likely follow
“And so I think certainly Europe's going into recession, and a pretty high expectation that the U.S. Will be in a recession, and that's now permeating the oil price”
Yergin: High LNG prices force developing Asian nations into coal and blackouts
“Countries that were counting on LNG in Asia, for instance, developing Asia, can't afford it. So what do they do? They burn coal, or they have blackouts.”
Yergin: European natural gas peaked near the energy equivalent of $600/barrel
“We saw natural gas, at least for a point, trading at close to the energy equivalent of 600 dollars a barrel.”
Yergin: US nears status as world's largest LNG exporter in six years
“It was only in 2016 that the first cargo of LNG left the United States, and today the U.S. Is, or is close to being the world's largest exporter of LNG”
Yergin: Europe consumed 40% of Russian gas and half its oil exports
“Russia was supplying 38 to 40% of Europe's gas. Half of Russia's oil exports went to Europe.”
Yergin: Net-zero supply chains flow through China via solar and battery dominance
“So many of them flow through China because of its dominance of solar panel manufacturing, its dominance of lithium ion batteries, etc.,”
Yergin: Electric vehicles require 2.5 times more copper than gas cars
“They said they had to be electric cars, but electric cars are two and a half times more copper.”