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Adam Tooze: Electrostates, Petrostates and the New Cold War

Adam Tooze’s LRB Autumn Lecture at the New School, NYC on 27 October 2025

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’.

Read more from Adam Tooze in the LRB: https://ift.tt/p3ai9LD

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