November 11, 2021
"The gold old days of barbaric growth” These two pieces by @nivincent on the tech clashes in China are very interesting. theguardian.com/business/2021/… https://t.co/qfWDujeRTm
"The gold old days of barbaric growth” These two pieces by @nivincent on the tech clashes in China are very interesting. theguardian.com/business/2021/… https://t.co/qfWDujeRTm
Turmoil in China’s real estate sector is hitting global iron ore markets. bloomberg.com/news/articles/… https://t.co/bw4yja6VIw
Not under arrest: Jack Ma, Alibaba’s founder, in Mallorca last month. Sightings of Ma abroad have fuelled recovery of Chinese tech stocks over the past month theguardian.com/technology/202… https://t.co/ZdqSLNZSgD
China attracted huge demand for an issuance of Euro bonds this week. No sign of uncoupling here! bloomberg.com/news/articles/… https://t.co/rrihFex6GF
I agree with all of this except the claim that corporate power is not discussed. On Bloomberg yesterday, leading BofA exec advised investing in firms which had "pricing power" as part of the "inflation trade” i.e. exactly what @JuddLegum describes here. twitter.com/JuddLegum/stat…
RT @Frank_vanlerven: Politics trumps not only basic macro-economics but the safety of our planet and future livelihoods of our grandchildre…
RT @timsteno: More people are riding the NYC subway, but it's still got a long way to go to get back to pre-pandemic levels. https://t.co/M…
RT @stlouisfed: Despite the large increase in public debt in mid-2020 tied to the CARES Act, interest payments by the federal government de…
RT @LalehKhalili: The origins of the concept of risk: "The 1st known usage of the Latin word resicum occurs in a contract recorded in Genoa…
RT @timourazhari: #Lebanon’s national orchestra lost half its musicians amid crisis that led wages to crash from $3000 to $200 It was hobb…
@tim_gould_ @IEA Yeah. I was really surprised to discover this. And it seems to have fallen on hard times. The latest issues are much slimmer and less glossy. Whats up with that?
You know, next time folks decide to do maintenance on major LNG facilities, do you think they could have a chat with each other! I mean its only a key part of the world’s energy infrastructure. iea.org/commentaries/w… Chartbook #51 on the 2021 shock. adamtooze.substack.com/p/chartbook-51… https://t.co/tkVQYQmmgQ
RT @TheStalwart: One aspect of the crisis that I believe has been forgotten is that economic activity was in complete freefall prior to any…
Did India run out of coal? economist.com/the-economist-… Well .. its power stations certainly came close. On the background check out Chartbook #51. adamtooze.substack.com/p/chartbook-51… https://t.co/uHcDmx2xJ1
RT @michaelxpettis: Ironically the RCEP is a group of surplus countries looking for deficit countries to absorb their expanding exports.…
Capex by energy companies in the S&P Global 1200 energy index certainly took a hit in recent years. But it really isnt climate wot did it. It was the energy price shock of 2014. Chartbook #51 on how to make sense of the recent energy price spike. adamtooze.substack.com/p/chartbook-51… https://t.co/3EMrfSgew3
Moscow has started to tax Russia’s wheat exporters. Does this threaten what has been a remarkable transformation in Russian ag? V interesting this from @sizov_andre ft.com/content/58b2f6… https://t.co/2OjfkCQL4C
“Energy dilemma”? What dilemma? All of the above! Chartbook #51 on why climate policy at least since 2015 really no posed no challenge to continued inv in oil and gas and thus has little or nothing to do with 2021 energy shock. newrepublic.com/article/156580… adamtooze.substack.com/p/chartbook-51… https://t.co/3SfYGrR5HX
Anyone know what the politics were around @IEA beginning publication of its World Energy Investment report in 2016? Was it Paris? iea.org/reports/world-… https://t.co/xqqJ2suu8S
This nice review of Andreas Malm’s work by @kunktation for @newrepublic newrepublic.com/article/162247… Pairs well with the pieces I did at @LRB and on Chartbook H/t @alybatt adamtooze.substack.com/p/chartbook-50… https://t.co/4sEqcPEW0H
The work/energy crisis and the apocalypse – by George Caffentzis (1980) Wow. This essay f cited by @leninology in our recent exchange in pages of @NewStatesman is really interesting! libcom.org/library/worken… https://t.co/wdedhXy80y
Rather than green policy driving energy prices, in Chartbook #51 I argue that the energy price shock of 2014 provided comfortable backdrop for Obama/EUs climate ambition. Since 2018 as ETS surges and now prices spike, things just got real. Sign up here: adamtooze.substack.com/p/chartbook-51… https://t.co/ZlMMPBNLtm
India has been routinely written into the “global energy crisis” narrative of 2021. And it is certainly a COVID recovery story. But it has far more to do with complex internal political economy of India’s energy system. Check out Chartbook #51 adamtooze.substack.com/p/chartbook-51… https://t.co/1Fk8b49X9z
@GavJacobson @NewStatesman @meadwaj @GeoffPMann Oh wow. @GeoffPMann it would be so great. Also think @alybatt would be great to hear. She had some very sharp observations yesterday.
Japan was long the anchor of global LNG. Jp utilities and trading houses underpinned decades of growth and shaped long-term contracts. And then in 2021 China overtook Japan and all hell broke loose. Chartbook #51 on the logic of the 2021 energy crisis. adamtooze.substack.com/p/chartbook-51… https://t.co/PKEbsgQgOd
@NewStatesman Wow. I am beginning to think that @GavJacobson took me on so that he could orchestrate some kind of simultaneous chess competition …. But what a great exchange this is proving to me. VERY very interesting from @meadwaj
Have EUs promises on climate stunted inv in critical gas infrastructure contributing to gas price spike in 2021? Hardly. Chartbook #51 on how fossil investment helped to prime the logic of the 2021 energy crisis. adamtooze.substack.com/p/chartbook-51… https://t.co/yvulIrQMYX
In 2019, 2 out of 10 deaths in India was caused by air pollution. bloomberg.com/news/articles/… https://t.co/f65UU07oML
RT @wildebees: @adam_tooze In this podcast, the head of Goldman Sachs Carbonomics unit agrees with you that it is not climate policy respon…
@cedric_durand Totally. Ive been struggling with this for weeks. I think I finally reached a point of something like clarity in working this through. It is me who owes you thanks. It is really a complex story of nested causality. My historian brain activated a bit. 🙂
RT @skoester8: Once more for the people in the back – THE ENERGY SQUEEZE IS NOT A RESULT OF GLOBAL CLIMATE EFFORTS – ITS THE RESULT OF LONG…
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.