The global appetite for energy is set to hit unprecedented levels by 2025. A recent report suggests that even though renewable energy sources are on the rise, fossil fuels will still dominate the energy landscape. This comes at a time when President Trump is advocating for a boost in U.S. oil and gas production, claiming this is essential for reducing energy costs, enhancing national security, and promoting economic growth.
The Energy Institute’s 2026 Statistical Review of World Energy shows that oil, natural gas, and coal constituted a staggering 86% of global energy usage last year. This underlines the stark reality that, despite investments in wind and solar energy, the world remains heavily reliant on fossil fuels for electricity, transportation, and industrial needs. Overall, energy consumption has reached record levels.
Interestingly, the report aligns with the Trump administration’s narrative that increasing domestic energy production is vital for lowering energy prices and bolstering national security, especially with midterm elections on the horizon. Although both parties are expected to focus on the economy and inflation in their campaigns, they will likely approach these topics with very different angles.
The report showcases America’s dominant position in the global energy market, which can be seen as a political win for Trump. White House press secretary Taylor Rogers emphasized that various studies support the success of Trump’s energy policies in providing reliable and affordable energy. She noted, “Under the President’s watch, the U.S. has seen a rise in oil, natural gas, and coal production, which translates to lower prices and job creation.”
By 2025, U.S. oil output is projected to reach a new high of 21.1 million barrels per day, a figure comparable to the combined production of Saudi Arabia and Russia. The U.S. also remains a leader in natural gas production and petroleum exports.
Simultaneously, concerns about energy security are heightening, particularly regarding shipping routes through the Strait of Hormuz in light of ongoing tensions with Iran. This report shines a light on how geopolitical issues can still impact global energy supplies.
To put it into perspective, around 20 million barrels of oil and a fifth of the world’s liquefied natural gas traverse the Strait daily, not to mention other fuel types. Economist Steve Moore pointed out that conflicts in the Middle East have historically disrupted energy markets, and the current situation is no different. He suggested that this illustrates the pressing need for the U.S. to ramp up domestic energy production to safeguard against such geopolitical risks.
Looking further ahead, EJ Antoni from the Heritage Foundation remarked that the current crisis demonstrates the importance of moving beyond simply achieving energy independence. He advocated for what Trump describes as “energy supremacy” to truly control energy resources.
Overall, the White House maintains that boosting oil and gas production domestically not only shields Americans from global economic shocks but also fulfills a central aim of Trump’s economic strategy.
