than ever before. storage once the great problem with these intermittent sources is being solved as batteries become more powerful and other storage solutions are gaining grou ground. we still need much larger developments in this area but we re making real and fast progress. but in the meantime we still need to cut emissions today while keeping energy flowing. if not, we will face more energy shocks, which could easily develop into a political backlash against green policies. and then the democrat in the white house, joe biden, will begin to look a lot like his predecessor from the 1970s, jimmy carter. cnn.com/fareed for a link to my the washington post column this week. and let s get started. after president biden
than ever before. storage, once the great problem with these intermittent sources, is being solved as batteries become more powerful and other storage solutions are gaining ground. we still need much larger developments in research and development in this area, but we are making real and fast progress. but in the meantime we still need to cut emissions today while keeping energy flowing. if not, we will face more energy shocks, which could easily develop into a political backlash against green and then the democrat in the white house, joe biden, will begin to look a lot like his predecessor from the 1970s, jimmy carter. go to cnn.com/fareed for a link to my the washington post column this week. and let s get started. after president biden
zachary goldpar. thank you, mr. president. you talked about the option of tapping the strategic petroleum reserve, and can you walk through which targets have to be hit before we do that, oil price? gas price? i mean, how much would you want to release in any particular moment? and secondly, can you talk about in addition to energy shocks, what are the other two gravest threats to the economic recovery and what your administration is doing about it? well, the answer to the first question is no, i will not go through the prices that would trigger the release of the strategic petroleum reserve, but what i can do is to give you a sense of how historically it has been understood. the idea behind the petroleum strategic reserve is if there is a disruption of supply similar to what happened in the 70s when you had the opec making a decision not to sell for a while.
zachary goldfort. thank you, mr. president. you talked about the option of tapping the strategic petroleum reserve k. you walk through which steps have to walk through before that and how much you would you want to release and can you talk about in addition to energy shocks what are the two or three threats to the economic recovery and what your administration is doing about it? the answer to your first question is, no. i will not go through the prices that would trigger the release of the strategic petroleum reserve but i can give you a sense of how historically it s been understood. the idea behind the strategic petroleum reserve is if there s a severe disruption in supply similar to what happened in the 70s, for example, when you had the opec making a decision not to sell for a while.