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Hard Numbers: More good food news, runaway Argentine inflation, Ivorian pardon, Bangladesh fuel price hike

August 07, 2022
Carlos Santamaria
Hard Numbers: More good food news, runaway Argentine inflation, Ivorian pardon, Bangladesh fuel price hike
Paige Fusco

170,000: Four more ships carrying almost 170,000 metric tons of grain left Ukraine's Black Sea ports on Sunday, the same day the first foreign-flagged vessel arrived there since the Russian invasion in February. More welcome news for mitigating the global food crisis, although it'll take months to reach pre-war export levels.

90.2: Analysts now predict that Argentina's inflation will reach a whopping 90.2% this year, 16.2 percentage points higher than the previous estimate. Getting inflation under control is priority no. 1 for Sergio Massa, the newly minted "super minister" in charge of saving the economy.

20: Ivory Coast President Alassane Ouattara pardoned his predecessor Laurent Gbagbo, sentenced in 2018 to 20 years in prison for stoking political turmoil that led to a brief civil war in 2011. Gbagbo returned from exile a year ago after the ICC acquitted him of war crimes during the same period.

50: Bangladesh has raised the price of fuel by 50%, its largest-ever hike. The government needs to cut back on subsidies in order to get a big IMF loan, but the move is already triggering mass protests and will likely result in higher inflation.

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North America is facing an energy emergency, says Enbridge CEO Greg Ebel

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Getting access to energy, whether it's renewables, oil and gas, or other sources, is increasingly challenging because of long lead times to get things built in the US and elsewhere, says Greg Ebel, Enbridge's CEO, on the latest "Energized: The Future of Energy" podcast episode. And it's not just problems with access. “There is an energy emergency, if we're not careful, when it comes to price,” says Ebel. “There's definitely an energy emergency when it comes to having a resilient grid, whether it's a pipeline grid, an electric grid. That's something I think people have to take seriously.” Ebel believes that finding "the intersection of rhetoric, policy, and capital" can lead to affordability and profitability for the energy transition. His discussion with host JJ Ramberg and Arjun Murti, founder of the energy transition newsletter Super-Spiked, addresses where North America stands in the global energy transition, the implication of the revised energy policies by President Trump, and the potential consequences of tariffs and trade tension on the energy sector. “Energized: The Future of Energy” is a podcast series produced by GZERO Media's Blue Circle Studios in partnership with Enbridge. Listen to this episode at gzeromedia.com/energized, or on Apple, Spotify,Goodpods, or wherever you get your podcasts.

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