The inevitable alignment between fossil fuel supply and demand

There is a major risk during the energy transition that the supply of fossil fuels will fall faster than demand for fossil fuels. This would result in a sharp rise in fossil fuel prices, the risk of energy shortages and economic rents for fossil fuel-producing countries and for oil and natural gas companies. The decline in fossil fuel supply is result ing from monopolistic behaviour in the case of OPEC countries and Russia (slowdown in production to drive up prices); in the case of private companies, it is result ing from pressure from public opinion and from finance, which want a large and rapid reduction in investment in oil, natural gas and coal. The reasonable solution to avoid this imbalance between fossil fuel supply and demand is not to agree to produce more of these energy forms , but to accelerate the transition to renewable energies.