US president Biden has recently signed the bipartisan Infrastructure Bill into law
Outlook 2022: US bipartisanship and regional divergence
The North American powerhouse will need to develop several energy transitions to green its economy, but has taken important baby steps
The future of energy is increasingly intertwined with the ‘energy transition’, but labelling the changes we are currently seeing, and have yet to see, in singular form is a misnomer. The future of energy will be defined by multiple energy transitions as different regions of the world evolve in ways that reflect a concept that is central to economic development—the principle of comparative advantage. From 1990 to 2020, the primary energy mix in the US changed but fossil fuels consistently accounted for more than 80pc of total energy use. While last year was an aberration due to the pandemic, and 2021 is turning out to look more like 2019, the stresses that were placed on supply chains and
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
