For a recent podcast, I interviewed the IEA’s Steve Davies about the economic future of the West. In short, he’s not optimistic – at least regarding the next one to two decades. And you can understand why, looking at this map of European electricity prices:
We cover issues such as: why the price of oil needs to remain high; why the EU is stuck between a rock and a hard place; why energy sanctions against Russia are self-harming; and why nuclear energy is not a panacea.
Steve is really good at explaining complex economic ideas in simple terms, and he always sticks to the facts. Worth listening to in full.