Podcasts are an engaging alternative to the reams and reams of social media we can endlessly scroll through. They provide an entertaining alternative to visual media. In fact, studies show that the brain is more active while listening to podcasts than when watching television.
So, we thought we would wade into the fray with the goal of adding some value, engaging your mind and, perhaps, invoking a conversation or two with family and friends.
Our podcasts are hosted by External Relations Director James Millar, a long-time communicator and former journalist who bring his interviewing and story-telling skills to the fore through Pieridae's Narratios.
We chose the word Narratios as it is Latin for storytelling and also pays homage to our company name - Pieridae - which is also Latin.
The reason we chose this name is that we were looking at a project before we started Goldboro LNG and it was going to be in Nigeria but they didn't have any interesting animals. But what it did have is the highest number of butterfly species in the world. And Pieridae is the family name for a very large and almost cosmopolitan family of butterflies.
In our inaugural podcast, Pieridae’s Senior Vice-President of Marketing and Business Development Thom Dawson has been in the energy trading game since the early 1990s, so he has seen a lot. During his first decade trading he has never experienced what we are seeing now: pandemics, oil going to minus $30 dollars a barrel, natural gas prices through the roof and gas stations running out of petrol in the UK.
Changes that used occur over a decade are now being compressed into months.
Thom says COVID has certainly played an overriding role. Companies have not been investing in finding and developing resources to cover off declining production. This just hasn’t happened the last two years. Layer in the focus on creating green economies with greener energy, and we have made our energy system that we were previously able to rely on much more fragile.
So, when we get the current supply and prices shocks, five years ago we could have dealt with this by turning up all the coal-fired plants but we don’t have them anymore. We may get through all of this as we embrace the energy transition to a lower carbon economy and net zero emissions by 2050, but in the meantime are making the energy systems much more volatile and this is having a direct impact on consumers as they experience firsthand these price and supply shocks.
Thom will explain how higher energy prices will have a ripple effect: we’ll pay more for our groceries, more to heat our homes and just more money out of pockets overall in economies across the globe.