An Undisputable Truth: The World Still Needs Oil And Gas

While governments in many developed countries and institutional investors push for an accelerated energy transition and a move away from fossil fuels, the reality of the world's energy needs and consumption shows that oil and gas aren't going anywhere and will be part of the global energy mix for decades to come.

The world will continue to need oil even if it somehow manages to put itself on track to achieve net-zero emissions by 2050. Renewable energy could replace more and more fossil fuels in power generation and transportation, but these are…