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MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics

Macro Voices

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Energy Is Important to the Economy, Not That Important

For the last 100 and 50 years, the entire world's energy source has primarily been rock oil. The government commitment is there that we're going to get off of fuels and electrify the economy. Feels to me like the e s g movement is really pushing to phase out a lot of new investment in energy exploration and production before we phase in the replacement. Am i right to be concerned that perhaps policy makers are not completely in touch with what this transition is going to take?

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