From the moment we first drilled for oil, we opened a Pandora's box that changed the world forever. It transformed the way we lived our lives, spawned foreign wars and turned a simple natural resource into the most powerful political weapon the world has ever known. But when exactly did geology turn into such a high-stakes game?
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From the moment we first drilled for oil, we opened a Pandora's box that changed the world forever. It transformed the way we lived our lives, spawned foreign wars and turned a simple natural resource into the most powerful political weapon the world has ever known. But when exactly did geology turn into such a high-stakes game?
By the early 1950s, a holy trinity of oil, plastics and fertilisers had transformed the planet. But as Professor Iain Stewart reveals, when the oil producing countries demanded a greater share in profits from the Western energy companies, the oil and gas fields of the Middle East became a focus for coup d'états and military conflict.
As we entered the 21st century, the world was guzzling oil, coal and gas like never before. Despite fears of 'peak oil', Professor Iain Stewart discovers that while huge technological advances are helping extend the life of existing oilfields, new unconventional oil and gas supplies like shale gas and tar sands are extending the hydrocarbon age well into the 21st century.
Paul Saffo looks at the development of the US economy through the 20th and into the 21st century. What are the trends that have shaped the economy? How are innovations in technology and communications making the 21st century an entirely different landscape for producers and consumers?
S1E6 • Curiosity Retreats: 2015 Lectures • 2015 • Economics
Once upon a time there was a large Finnish company that manufactured the world's best and most innovative mobile phones. Nokia's annual budget was larger than that of the government of Finland and everyone who worked there shared in the windfall. But global domination cost the company its pioneering spirit and quantity gradually took over from quality, with new phone models being churned out by the dozen. Market share eroded, until in 2016, mobile phone production in Finland ceased. The Rise and Fall of Nokia is a wry morality tale for our times, told by those that lived and worked through the rollercoaster years in a company that dominated a nation.
2018 • Economics
SAVING CAPITALISM is a documentary film that follows former Secretary of Labor and Professor, Robert Reich, as he takes his book and his views to the heart of conservative America to speak about our economic system and present big ideas for how to fix it.
2017 • Economics
Over 10% of the world's electricity comes from nuclear power. But with radioactive waste and the threat of nuclear meltdown, are we playing with fire?
S1E8 • History 101 • 2020 • Economics
The people with power in Britain reveal how their decisions shook our politics, transformed our economy and reshaped society in the decade following the 2008 financial crisis. Chapter 1: The Government and the Bank of England took drastic action to save the UK economy in the aftermath of the 2008 financial crisis. Insiders from the world of finance reveal how decisions made to solve the crisis allowed them to 'make out like bandits". From bailing out the banks to pursuing a faster, deeper austerity than any other country, Britain's policymakers shatter the status quo in a desperate bid to save the economy. This first of two programmes features first-hand accounts from key players, reliving the moments when the big decisions were taken. Chapter 2: The government and the Bank of England are forced to react to the economic shocks brought on by Brexit and the Covid-19 pandemic. Theresa May enters office in the aftermath of Brexit, setting her sights on tax-dodgers, bloated executive pay and unethical multi-national companies. But as May struggles to implement Brexit, wealth inequality and executive pay are increasing while average wages are barley growing, sparking anger and protests. After May fails to get her Brexit deal through Parliament, Boris Johnson enters office promising to "level up" the UK economy but his plan is derailed by the Covid-19 pandemic.
2022 • Economics
Higher education helps society. But paying for it can be ruinous. What led to the U.S. student debt crisis, and is there a way to fix it?
S1E3 • Money Explained • 2011 • Economics