In this conversation, Kurt Abraham, Editor-in-Chief, World Oil, interviews Alex Kemp, Professor of Petroleum Economics and Director of the Aberdeen Center for Research in Energy Economics and Finance, University of Aberdeen, about the current state of the oil and gas industry in the UK, particularly focusing on the North Sea. They discuss the contrasting views on energy policies, the impact of the windfall tax, and the challenges of declining production and job losses in the sector. Kemp emphasizes the need for regulatory changes and incentives to revitalize the industry and address the significant decline in production and investment.