Patrice Geoffron
Donald Trump, a champion of the fossil fuel world and a fierce critic of climate action and the 2015 Paris Agreement, has unwittingly, but significantly, given momentum to the energy transition. This has happened less out of conviction than by accident. Since his return to the White House in January 2025, his "policy" has methodically transformed oil and gas markets into zones of chronic instability, starkly highlighting the protection offered by decarbonized technologies in the face of chaos.
Since the start of 2025, oil and gas markets have been under intense geopolitical pressure. The reimposition of sanctions against Iran, pressure on Venezuela, repeated demands on the Organization of the Petroleum Exporting Countries (OPEC) to increase production – while threatening trade reprisals against countries that do not comply – tariff threats to push more liquefied natural gas (LNG) toward Europe, and, more recently, critical tensions resulting from the conflict in the Middle East: every month brings a new batch of unprecedented or even bizarre disruptions.
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