The Importance of Energy in the Global Economy

Ross: It's a paradox that many of the progressive leaders of the world in my country and your country in the UK are care about climate change. They voice concerns we need to go low carbon and have a renewable transition but on the other hand they need to keep the economy going, he says. "We're at a point when the real elephants of the oil fields are already 50 60 years behind at some point," Ross argues. Once oil starts to decline even if it declines 10 percent our global economy won't be able to maintain its current size or scale so then we have to deal with a financial crisis."

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