Finance & Fury Podcast

Why is it unlikely the world economy will move away from Oil?

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Sinopsis

Welcome to Finance and Fury, The Say What Wednesday edition, where we answer your questions. Today we have a question from Nick - Watching the Leonardo Di Caprio documentary about global warming, which touched on how the large oil corporations used bribes to corrupt politicians into slamming down new legislation to move towards a greener earth. My question is: Have Politicians been holding off implementing renewable energy in the fear that it would stagnate the economy by interrupting the multi-billion dollar industry? And if we moved completely from Oil to Renewable Energy, what sort of effects would take place on the economy? Would it be smooth sailing and all good?   We will cover this in a 3 part series, but may not be back to back. Today will focus on oil and why it is unlikely we will move away from it anytime soon Then the climate change debate, and come back to Leo and Al Gore The final episode, look at the solutions at work and how they work   Today: What happens if they do? I think the reluctance