Three things they don't tell you about the "energy transition"

20 years ago I was taught the First Commandment of Commodities - “Thou shalt all move in unison!”

Lo and behold they have done so since the time of the Crusades.

Many transitions have taken place throughout the history of this chart, both within energy and geopolitics, but the 1st Commandment remains supreme.

In this post, I will show you how:

1. The First Commandment of Commodities is currently playing out today.

2. What petroleum had going for it that led to its market penetration that EVs don’t.

3. What the real energy transition has been.

Sit back, grab some coffee, and let’s get into some charts!

How the First Commandment of Commodities is playing out today.

Zooming in on just the last 200 years we have a more “recent” view with some very interesting observations.