Energy crisis shows gasoline demand declining, renewables on the rise

To hear some of the commentary, you’d think that the past 12 months had brought the world’s transition away from fossil fuels juddering to a halt. With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever. 
 

Plans to shift to clean energy are “a chain of sandcastles that waves of reality have washed away,” Amin Nasser, chief executive officer of Saudi Arabian Oil Co., said in a speech in Switzerland last week. We’ve been watching “the revenge of the