Coal And Oil Continue Domination: Unexpected Demand Creates Global Energy Havoc

.
.
When the energy going gets tough…coal, gas and oil get going.

By Vijay Raj Jayaraj~

Coal is no longer the king. Era of Oil is over. Our economies will be Carbon neutral.

These are some of the common claims that you might have heard or read in the mainstream media.

Many people truly believe that our economies are being decarbonized and getting rid of the dirty coal and evil oil. This is because they have been informed so.

However, the ground reality is strikingly different. Not only are fossil fuels still leading the energy mix, their prospects are stronger than ever.

The post-pandemic economic recovery has sent the fuel demand skyrocketing across the globe. Coal and Oil–the two most used energy resources are in high demand and their prices have touched record highs.

Unfortunately, many nations were caught off-guard, partly because of the unexpected pace of economic recovery and partly due to misleading projections about coal and oil demand.

Early…