Some inconvenient truths about the energy transition ...Middle East

Without question, America’s commitment to the “energy transition” is now in high gear. Assisted by nearly $400 billion in federal spending and subsidies for clean energy over the next several years, thanks to the American Recovery Act and the Inflation Reduction Act, investment in renewable power generation has jumped markedly of late and electric vehicle sales increased by two-thirds to nearly 6 percent of all vehicles sold last year in the U.S. Today, about 25 percent of America’s electric power generation comes from renewable sources. These trends are all well and good. But fossil fuels aren’t going away soon, either here or around the globe. In 2022, the U.S. maintained its pos

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Some inconvenient truths about the energy transition ...Middle East

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