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Politics July 12, 2026

Trump's ambitious energy agenda stands to benefit from record global oil and gas consumption

Trump's ambitious energy agenda stands to benefit from record global oil and gas consumption

In 2025, global energy consumption reached a new high, with fossil fuels maintaining dominance despite rapid growth in renewable capacity.

Oil, natural gas, and coal accounted for 86 percent of worldwide energy use, underscoring the continued reliance on these sources for homes, businesses, transportation, and industry.

Record‑setting U.S. oil output—21.1 million barrels per day—matched the combined production of Saudi Arabia and Russia, reinforcing America’s position as the largest natural gas producer and the leading exporter of petroleum products.

Geopolitical tensions, notably in the Middle East, have heightened concerns about supply stability, particularly for shipments that transit critical chokepoints such as the Strait of Hormuz.

Disruptions in that region can elevate energy prices, prompting calls for increased domestic production and refining capacity to safeguard national security and economic stability.

Policy discussions emphasize that expanding U.S. energy output may reduce price volatility, create jobs, and strengthen infrastructure resilience.

Overall, the data reinforce the view that while renewable energy is expanding, the global grid remains heavily dependent on fossil fuels for the foreseeable future.

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