It doesn’t look that way. It looks like we are headed towards solar and wind as the primary energy sources unless current trends change.
First, the automotive industry has decided that it is going all electric.
“General Motors’ vision of a world with zero emissions will be powered by a future where every vehicle is an electric vehicle.”
“GM is on its way to an all-electric future, with a commitment to 20 new electric vehicles by 2023 and plans for additional models taking us beyond that.”
Transportation gobbles up about 68% of oil production. So a big hit there.
Second, electric power generation is going to solar and wind and away from fossil fuels. Natural gas is still alive, but solar and wind are being added more than 3 times faster than NG.
“According to the U.S. Energy Information Administration’s (EIA) latest
inventory of electric generators, EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions. Wind accounts for the largest share of these additions at 44%, followed by solar and natural gas at 32% and 22%, respectively. The remaining 2% comes from hydroelectric generators and battery storage.”
“Scheduled capacity retirements (11 GW) for 2020 will primarily be driven by coal (51%), followed by natural gas (33%) and nuclear (14%). Other smaller renewable, petroleum, and hydro capacity account for the remaining 2% of 2020 retirements.”
www.eia.gov