Doomberg • 7585 implied HN points • 28 Jun 25
- Global demand for oil, natural gas, and coal reached all-time highs in 2024, showing that despite efforts for renewable energy, fossil fuels still dominate our energy supply. This suggests that we still rely heavily on traditional energy sources.
- Russia's natural gas production has rebounded, making it a significant player in the global market. Much of this gas is consumed domestically, but there’s still a portion available for export.
- Europe is planning to ban Russian gas imports by 2027, which raises questions about how they will meet their energy needs without it. This situation will likely change global energy markets for years to come.