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1 week ago

Trump's ambitious energy bet could be a winning hand as the world burns more oil, gas than ever

The world consumed more energy than ever before in 2025, with fossil fuels still supplying the vast majority of global energy despite record growth in renewable power, according to a new report.The findings come as President Donald Trump pushes to expand U.S. oil and gas production, arguing domestic energy is key to lowering prices, strengthening national security and boosting economic growth.The Energy Institute's 2026 Statistical Review of World Energy found oil, natural gas and coal accounted for 86% of global energy use last year, underscoring that despite years of investment in wind and s...