Dramatic changes are occurring in the oil industry, in both obvious and subtle ways. Changes propelled by various weighing influences reported on every day, such as climate change and the ongoing global agenda to reduce carbon dioxide emissions. These changes have come from an undeniable growing need for energy and the inescapable fact that 'green growth' is essential.

There are many factors in motion that are altering the rules of low-cost energy. Technological changes are allowing clean energy sources to encroach upon oil dominance, and continuing to steer energy cost reductions in many fields. Hydrogen is being prospectively spoken of as a future fuel, while methods of generating electricity are not just changing how it is created, but also how it is stored, and used.

Jorge Blazquez joins the Foundation to provide his insights on these changes in this Podcast. Mr. Blazquez is the lead economist for power, renewable energy, and carbon markets at BP, and was previously a senior researcher at King Abdullah Petroleum Studies and Research Centre in Saudi Arabia. Together with other researchers, Mr. Blazquez also wrote a seminal paper "The Renewable Energy Policy Paradox," in 2016.