The world will use more energy not ......
Below we can see that the peak energy consumption in Texas keeps going up year after year including 2022. I already showed in this Blog that oil demand has grown 1 million barrels a day for the last 30 years, each year one more barrel a day. I live in Portugal and I have some friends who use electric bikes and before they used normal bikes. People want to do more. Any plan for the future that assumes that we are going to use less energy is dreaming. It's not going to happen. Therefore all the plans to replace energy source A with B are going to fail. We will need A &B and probably C.
Since ESG is preventing investments in this space I see good opportunity here because there is nothing better than a lack of investment in the space to provide a good business for the incumbent.
From David I. Stern
Energy use and GDP are positively correlated, although energy intensity has declined over time and is usually lower in richer countries. Numerous factors affect the energy intensity of economies, and energy efficiency is obviously one of the most important. However, the rebound effect might limit the possibilities for energy efficiency improvements to reduce energy intensity. Natural science suggests that energy is crucial to economic production but mainstream economic growth theory largely ignores the role of energy.
Texas electricity use has set new record highs 8 times since June
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