September 10, 2022 - Why the Energy Transition Will Fail

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September 10, 2022

Why the Energy Transition Will Fail by James Freeman
Appeared in The Wall Street Journal on August 26, 2022

Gina's Thoughts

Mr. Freeman writes about a report by The Manhattan Institute's Mark Mills titled "The Energy Transition Delusion: A Reality Reset". Some key takeaways from the article and the report: "Years of hypertrophied rhetoric and trillions of dollars of spending and subsidies on a transition have not significantly changed the energy landscape. Civilization still depends on hydrocarbons for 84% of all energy." Mr. Mills then explains why the global appetite for energy is not heading south: "One can begin with a reality that cannot be blinked away: energy is needed for everything that is fabricated, grown, operated, or moved, not to mention the myriad of products that come from oil." The reasons for investment in oil and gas abound. No other resource does as much as a barrel of oil.

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