Oil and Gas Continue to Dominate the Global Energy Landscape

“Oil is no longer an energy security challenge – it’s going to be gas, electricity, predominantly minerals,” Saudi Arabia’s energy minister said this month. From a certain perspective, this sounds like a death knell for oil as we know it—the commodity that drives the global economy. On the other hand, it’s an admission we have become even more dependent on hydrocarbons, just more of them. The fact that the world relies on petroleum in order to function was made clear quite recently when oil prices jumped…