Wind And Solar Dreams Clashing With Hard Economic Facts

Two years ago, in May 2021, the International Energy Agency published what many saw as a landmark report about the progress of the transition to net zero. In that report, the IEA stated there was no need for new oil and gas exploration—even back then—because alternative energy sources were taking over quickly. Five months later, in its Monthly Oil Market Report, the IEA called for more oil and gas exploration because supply was tight and demand was rising.  This week, the IEA published an update of its…