With natural gas, coal, and oil prices all soaring this summer, it is clear that a successful energy transition will take decades not years Some energy transition proponents may have confused Covid energy demand destruction with a change in consumer behavior The truth is that an energy transition can only occur when clean energy can be provided both cheaply and reliably This year’s global demand for all three fossil fuels has sent a message to overly enthusiastic proponents of the energy transition – hold your horses. Those who predicted last year the demise of oil, gas, and coal after the pandemic and those who said that peak oil demand was already behind us because lasting changes in consumer behavior would reduce the use of crude are now facing reality. Global oil demand is just a few months away from reaching pre-pandemic levels, while natural gas and coal demand have […]