Predictions Of An Oil And Gas Decline Are Overblown

The end of oil and gas is nigh. In a decade or so, demand will begin to ebb as electrification takes giant strides toward a cleaner, more reliable energy system. This is the leitmotif repeated by proponents of the energy transition from fossil fuels to low-carbon energy sources such as wind, solar, and hydrogen. These include many high-profile people, from prime ministers and presidents to the head of the International Energy Agency and the chief executives of the biggest asset managers in the world. Last year, investment in wind, solar, and other…