The Unfashionable Truth About Energy
Let’s be honest, shall we? Telling someone you’re investing in oil and gas these days feels a bit like admitting you still use a fax machine. The prevailing narrative, screamed from every rooftop, is that fossil fuels are dead and the glorious green dawn is upon us. It’s a lovely story, but I’m afraid the numbers, those pesky little things, tell a rather different tale.
The simple, inconvenient truth is that the world still runs on the stuff. For all the talk of a renewable revolution, global demand for oil and gas isn’t just holding steady, it’s actually projected to grow. Why? Because while a tech billionaire in California can virtue signal with his new electric car, millions of people in developing nations are just getting access to the reliable energy we’ve taken for granted for a century. They need power for factories, fuel for transport, and heating for homes, and right now, oil and gas are the most practical way to get it. The transition to renewables is happening, I don’t doubt that, but it’s proving to be a slow, complicated, and eye-wateringly expensive affair.
