2min chapter

Hidden Forces cover image

Energy Security, Geopolitics, & the New Energy Order | Meghan O'Sullivan & Jason Bordoff

Hidden Forces

CHAPTER

Are We Underinvesting in Oil and Gas?

The energy system globally is still 80% fossil fuels. Oil and gas demand again, other than recession or pandemic are going up, not down. We're under investing in oil and gas relative to the current outlook for oil and gas demand. And we're dramatically under investing in clean energy relative to the pace that would be needed to change that outlook by 2050.

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