From Gerard Reid – an energy investor and geopolitics wonk, who is at Davos. Interesting perspective on the irony of the U.S. wanting to drill so many are electrifying:
"This is why the transition has entered a new phase. It is no longer being led by governments. It is being pulled forward by customers who want cheap, reliable electricity as fast as possible. China understands this better than anyone. In 2025 alone, it exported more than $200 billion of clean energy technologies. That number will only grow as countries across the Global South look for ways to reduce their exposure to volatile fossil fuel markets and to provide low cost energy to their growing populations. Every solar panel installed is one less long term customer for LNG. A panel bought once replaces fuel bought forever.
… in a world that increasingly defies linear thinking, there is a final irony. A US fossil fuel first energy policy may end up doing more than any climate agreement to accelerate electrification, and in particular clean electrification, across the globe."
Source: polly_26