Fossil Fuels Will Remain the Primary Source of Energy, Despite Strategic Growth in the Renewable Energy Sector

Fossil fuels are still in the game. In a recent piece from IEA, the author argues that our “global energy crisis has triggered unprecedented momentum behind renewables, with the world set to add as much renewable power in the next 5 years as it did in the past 20.” This forecast is a promising development given the importance of energy security, which continues to plague developed and developing nations as our global population continues to rise.

However, it is critical to note that while increasing renewable energy sources and reducing reliance on fossil fuels is a strategic policy initiative in many nations, fossil fuels aren’t going away any time soon.

According to Ehud Ronn, Professor of Finance at the University of Texas in Austin, the US Energy Information Administration projects oil and natural gas to exceed the energy provided to the market from renewables in 2050. He argues that this yields interesting investment opportunities for the fossil fuel industry, which should continue to reign supreme as western nations indicate fossil fuel production remains a national security priority.

Ehud’s Thoughts:

“The point that I’d like to make is that as important as the growth will be in renewables going forward, we should recognize that fossil fuels, specifically oil and natural gas, will each one exceed the amount of energy provided to the markets in the year 2050. Each one separately will provide more energy than will renewables. So that’s something that I will share in an attachment I will provide from the US Energy Information Administration and ARM of the Department of Energy. That being the case, I recommend that people look at market opportunities for investment in oil and natural gas.

Fortunately, in finance, we have developed real option tools that provide us with the tools to look at these opportunities and to develop them as we go forward. I would recommend to us that we recognize what the current federal government has said, that it is a priority of theirs, a national security priority, to increase the amount of production of oil in the Western economies and so that is yet another motive for doing this kind of investment.

Follow us on social media for the latest updates in B2B!


Unleashing Educator Brilliance: Transformative Thought Leadership in Education
November 27, 2023

In an era where education stands at the crossroads of tradition and innovation, the potential value of thought leadership becomes the guiding star for progress. “Just Thinking” dives into this potential with host Kevin Dougherty and guest Evan Edwards, a Professional Learning Specialist at 806 Technologies who exemplifies the transformative impact of visionary guidance […]

Read More
strategic scheduling
Exploring Strategic Scheduling with Timely: A Key to Managing Educational Fiscal Challenges
November 27, 2023

Author: Michael Horn Educational institutions today are facing a financial precipice, with declining enrollments and funding cuts. Many schools are struggling to adapt to these fiscal pressures, highlighting the need for transformative solutions. This scenario raises an urgent need for innovative strategies like strategic scheduling to manage resources efficiently. What innovative approaches can districts […]

Read More
driver recruitment and retention
Navigating the Highways of Driver Recruitment and Retention
November 24, 2023

In the bustling trucking world, the driver recruitment and retention challenge remains a pivotal concern. As industry leaders converge at the Women in Trucking conference, a hotbed for innovation and discussion, Optym’s Semi-Related podcast sheds light on these critical issues. Hosted by Jacob Eischen, this episode features Priscilla Peters, The Chief Marketing Officer for […]

Read More