Adam Tooze: Electrostates, Petrostates and the New Cold War

China is racing ahead in electrification, while the US turns its back on green energy in favour of a new era of fossil fuel machismo. An alignment between the three major petrostates – the US, Saudi Arabia and Russia – no longer looks implausible. The outlines of a new Cold War are becoming visible, one which will be determined by a novel mixture of ideology, critical technologies, supply chains and control of energy flows. How will these geopolitical dynamics play out – and what will it mean for global warming? Adam Tooze is the Kathryn and Shelby Cullom Davis Professor of History and director of the European Institute at Columbia University. A columnist at Foreign Policy and a regular contributor to the LRB, he also writes Chartbook, a newsletter on economics, geopolitics and history. His books include ‘Crashed: How a Decade of Financial Crises Changed the World’ and ‘Shutdown: How Covid Shook the World’s Economy’. Adam Tooze's LRB Autumn Lecture was delivered at the New School, NYC on 27 October 2025 From the LRB Subscribe to the LRB: ⁠⁠https://lrb.me/subslrbpod Close Readings podcast: ⁠https://lrb.me/crlrbpod⁠ LRB Audiobooks: ⁠https://lrb.me/audiobookslrbpod⁠ Bags, binders and more at the LRB Store: ⁠https://lrb.me/storelrbpod⁠ Get in touch: podcasts@lrb.co.uk Learn more about your ad choices. Visit megaphone.fm/adchoices