Are Big Oil's Best Days Behind It?

By approving a scaled-down project for new drilling in Alaska, even the Biden Administration tacitly admitted that oil and gas would be needed for decades regardless of the pace of the energy transition.  However, the headline message from the U.S. Administration and EU policymakers hasn't changed—the world needs to move faster in deploying renewable energy solutions to reduce unwanted dependence on foreign fossil fuels coming from rogue regimes and to have a chance at net-zero emissions by 2050.    Mixed Messages For…