U.S. Oil & Gas President: Even the most ‘rosy’ estimates on clean energy show ‘global fuel demand to increase 50% in next 30 years’

Tim Stewart discusses inflation, the cause of energy costs skyrocketing, and the reality of the “clean energy boom” rhetoric. The President of U.S. Oil and Gas says that progressives really have no issues with rising prices for the average American, they look at this as “a necessary part of the implementation of this broader climate change.” Stewart says that the reality of the “clean energy boom” that the government and progressives are pushing for a massive move towards renewable energy but has yet to materialize, is that “even with the most positive clean energy scenarios, the most rosy scenarios that play out, global fossil fuel demand is going to increase another 50% over the next 30 years.” “That’s driven by population and economic growth, driven by Asia in particular. And so what that means, is that means that [oil and gas] industry which, this month, are producing 13 million barrels a day in in, in production, that is the highest [it has] been since 2019, pre-pandemic. Stewart saying those numbers, requires [the industry] to continue to increase production, that beyond that 50%, the industry “has to get from 100 million barrels a day that the world uses today and to figure out where to find and supply somewhere between 120 and 150 million barrels a day, by 2050, that's the net zero deadline.” Saying, “So even if we get those, those very positive, net zero scenarios play out, we're still consuming 150 million barrels a day in 2050. That's going to have a huge impact on a lot of people. So I tell people, it's it's premature to write this obituary for the oil and gas industry, we're going to be around a long time because people still need what we have and what we do. Huge challenge for us is to figure out where to find those barrels.”

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