5 Important trends shaping the future of energyAlex Epstein.
My thoughts:
Here is a great read in the link below about the damage the myopic anti fossil fuel movement along with anti oil policies have caused to reduce global energy supply, how these policies have increased energy costs, why it will fail, and what will happen to fossil fuel use moving forward.
We can attribute the forthcoming energy crisis and high energy costs directly to poor anti fossil fuel policies. We will slowly undergo a period of greatly increased costs with scarcity, until energy security requirements force sentiment and tight policy to relax, and many negative fossil fuel energy policies to reverse. Only then we will be on a path to reach a balance.
There is already a mammoth amount of subsidized green anti oil momentum to be reversed and change course, and until the point comes when it does change, oil should be very bullish on its ride up into this growing supply demand crisis.
It used to be that there were only 2 camps. You either believed in climate change and were radically opposed to fossil fuel, or you didn't believe in climate change and and were pro fossil fuel. That is now changing rapidly to include a middle ground group that does believe in climate change, yet at the same time are pro fossil fuel. They come to realize society cannot do without affordable abundant dense clean transportable energy, produced as cleanly as possible, and support policies that allow for its continued use and production. This is more of a humanistic, achieveable, and practical approach for the continued use of fossil fuel energy going forward.
Although there will always be radicals on both sides, this middle group recognizes the benefits that fossil fuels have to society, yet acknowledges the damage to the environment. It is a far more reasonable and practical approach, and we find that the humanist middle group is growing. A better energy policy shift that includes fossil fuels may be coming as people come to realize the electic transportation transition as planned is going to turn out to be extremely costly, painful, will be highly localized, and simply will not work in all situations or on a global basis.
Increasing fossil fuel demand growth in many developing global regions will offset demand loss in others moving toward a transportation transition, but at the same time global supply is being constrained.
This is a recipe for higher prices going forward.
1) Fossil fuels’ fundamentals remain strong 2) Anti-fossil-fuel policies have caused a global crisis 3) The anti-fossil-fuel establishment is in denial 4) Humanistic thinking about fossil fuels is on the rise 5) Many people are now thinking differently about fossil fuels https://energytalkingpoints.com/5-trends/