After the Russian/Ukraine conflict and sanctions on Russia oil, it scared the world into what a lack of oil and gas could bring about to economies and society, many acknowledge that the energy transition cannot replace fossil fuels overnight.
Saudi Arabia has been warning for years that the rush to ditch fossil fuels and the reluctance to invest in new supply would create shortages in oil and gas.
Right now, fossil fuels account for over 80% of global energy supply.
But when it comes to US Presidential election of 2020, fake promises of ending fossil fuels was a deliberate deception rather than truth.
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