New figures in the Energy Institute’s 2026 Statistical Review of World Energy show that oil, natural gas and coal accounted for 86 percent of global energy use last year. This occurred despite years of investment in wind and solar power.
According to Fox News, these figures show that homes and businesses will overwhelmingly rely on gas and coal for power in the foreseeable future.
U.S. oil production reached a record 21.1 million barrels a day in 2025, nearly matching the combined output of Saudi Arabia and Russia. The U.S. also remained the world’s largest natural gas producer and the world’s leading exporter of petroleum products.
The report also comes as the conflict with Iran has renewed concerns about energy security and shipping through the Strait of Hormuz. Although its data predate the conflict, the report underscores how geopolitical tensions can threaten global energy supplies.
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The White House has argued that increasing domestic oil and natural gas production will help shield Americans from geopolitical shocks while lowering energy costs, a key pillar of Trump’s broader economic agenda.
Read the full story in Fox News.
