Energy Crisis Is ‘Revenge of Old Economy,’ Goldman Sachs Says

The video discusses a global supply crunch affecting the old economy, exacerbated by factors like Brexit and COVID-19. It highlights the redirection of capital from the old economy to the new economy, leading to underinvestment in traditional sectors. The video also examines the overinvestment in renewables and the challenges of energy transition, emphasizing the need for higher returns to attract capital back to the old economy. The discussion includes the role of gas in addressing energy intermittency and the impact of ESG investing on capital flow.

Why is there a lack of investment in the old economy sectors like gas and oil?

What is required to attract capital back into the old economy according to the text?