we are back with the chairman of ubs, axel weber.his president has made energy a focus, a priority. is that an infrastructure play? when you look at the energy space, we can drill and be an incredible producer. that will and job creator. >> as we are seeing infrastructure investment start taking hold and energy investment normalize, that will contribute to growth. what does energy consumption and non-tree newable energies do to climate. in the short term there are some risks from basically exploiting all the biological sources of energy. but as an economic stimulus it will take hold. and you must see the key issue of what caused weakness two or three years ago was the massive drop in oil price. it's normalizing. what we are talking about is a world economy that is coming out of a crisis that is normalizing. even if the fed goes to 2 1/2, 3/4 percent, that's a normal average interest rate. the feds will not go as far as restrictive. if you look at what drives growth in the u.s. it's people and unemployment at all-time low. it's capita