Oil's role in global energy mix to decline, expert says
- Global oil share of energy mix slides from 46% (1973) to 34% (2025), but somehow still powers most of civilization.
- Expert says energy security is no longer about 'having oil' but about 'sneaking it through narrow straits without drama.'
- Post-crisis oil demand 'recovers' to new, lower baselines—like a recovering addict who just switches to green energy.
- US, Middle East, Russia, and a few new kids (Brazil, Guyana, Nigeria) are the new oil mafia—five families, one pie.
- Strait of Hormuz moves 20% of global oil, proving geopolitics is just logistics with a body count.
Brief Summary
In a stunning revelation from the wilds of Novosibirsk, an expert named Irina Provornaya has confirmed that oil—the stuff that greases the global economy and ignites geopolitical tantrums—is slowly becoming less relevant. It's down to 34% of the energy mix from a glory-day 46% in 1973, which is like saying the world's favorite toxic ex is finally losing their grip, but still owns the house. The new bogeyman isn't running out of oil; it's the logistical nightmare of moving it through chokepoints like Hormuz, Malacca, and the Suez Canal without triggering a price spike or a naval standoff.
Why This Matters
For you, this means the price at the pump will keep being a hostage to geopolitics rather than pure supply. Every time a tanker gets nervous near Iran or a Houthi drone wiggles its fins, you'll pay for the drama, even if 'peak oil' is a fading memory. The 'recovery to a lower baseline' after each crisis is a fancy way of saying your wallet will never enjoy the cheap energy days of yore again.