Celebrating humanity's flourishing through the spread of capitalism and the rule of law
31 Oct 2022 Leave a comment
By Paul Homewood
https://www.iea.org/reports/world-energy-outlook-2022
As we can see, investment in fossil fuels has fallen by a third since 2015 in terms of GDP. Part of this was due to the collapse in oil and gas prices in 2014, but undoubtedly the anti-fossil fuel agenda pursued across the West for climate reasons has had a major impact as well.
Either way, this is the real reason why prices have rocketed, not the invasion of Ukraine.
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