A world of never-ending energy crises

Countries seeking energy security have ended up grappling with unprecedented fuel shortages from excessive promotion of one type of energy source, ill-designed political approaches and market data deterioration

The world needs all types of energy sources to meet future demand, as well as all available technologies to enhance energy efficiency without reducing living standards. In addition, the world needs all types of transportation technologies to avoid traffic congestion while reducing pollution in large cities. This means some energy sources can be considered net complements and additions, rather than net substitutes. But what the world does not need is hype. Excessive promotion of one type of energy can indirectly generate shortages and high price volatility. For instance, hyping up the role of US shale reduced investments in upstream oil and gas around the world, leading to energy shortages an