Oil fuelled the 20th century, but now a huge energy shock is catalysing a shift to a new world order. Charlotte Howard, The Economist's energy and commodities editor, and host Rachana Shanbhogue investigate why this oil slump is different. They ask Spencer Dale, BP's chief economist, whether the world has passed peak oil. Daniel Yergin, author of “The New Map” and “The Prize”, explains how cleaner energy will reshape geopolitics. And Kevin Tu, of Beijing Normal University, on China's new role as a global powerhouse of electrification.

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