Petrostates like Russia and Saudi Arabia will enjoy temporary geopolitical leverage that peaks during the energy transition, with dependence on dominant fossil fuel suppliers most likely rising before it falls, creating a 'feast before famine' dynamic where these producers gain greater influence before eventual long-term decline.

forecastpending

Speaker

Jason Bordoff and Megan O'Sullivan

Evidence Quote

Petro States may enjoy feasts before they suffer famines because dependence on the dominant suppliers of fossil fuels such as Russia and Saudi Arabia will most likely rise before it falls

Source

The World’s First Energy Crisis | Foreign Affairs Interview PodcastForeign Affairs
Created: 8/12/2026, 6:30:33 PM

My Notes

Loading notes...