This past year has reminded all of us that the energy transition, energy markets, and geopolitics are inextricably linked. In the last five years alone, extreme volatility in energy prices has created uncertainty for consumers and producers alike. 

For Wall Street in particular, an uncertain energy outlook brings up important questions about risk and strategy. Aligning energy investment with expected demand is hard, especially in the midst of an energy transition that’s happening in fits and starts. Yet, effective investment is vital for both energy access and climate progress.

How should investors address the tension between energy and climate needs? What do the coming years hold for oil and gas markets? And is the term “energy transition” even the right one? 

This week host Jason Bordoff talks with Arjun Murti about how Wall Street views the energy transition and how the turbulence has wracked energy markets over the past several years. Arjun shares the lessons he’s learned in his years as an energy markets analyst, and how his experiences inform his view of the path ahead. 

Arjun has spent more than 30 years analyzing the global energy sector on Wall Street. He spent 15 years as a partner at Goldman Sachs and recently served as senior advisor and now partner for Veriten. Has also had stints as director at ConocoPhillips and as senior advisor for Warburg Pincus. Arjun is also on the Center on Global Energy Policy’s advisory board.