The year 2022 ended without an energy crisis. And that’s a good thing.  But now, for 2023, the gap is widening between ambitions and possibilities for one key reason: The world isn’t mining or planning to mine enough materials to build the quantities of “green” machines imagined.

Eventually the world will equilibrate around what’s possible, i.e., an “all of the above” energy strategy, rather than what’s imagined—a “transition” away from hydrocarbons—because, well, that’s what’s possible.

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Published in: Economics, Energy