The end of green energy. Fossil fuels are still king.

January 15, 2026

Not long ago, all right-thinking liberals were sure that fossil fuels would soon become “stranded assets” as The Guardian once put it. Hydrocarbon-based energy sources, the thinking ran, would become ever more worthless as the world entered a bright renewable future. Yet as President Trump’s takeover of Venezuela demonstrates, there is, in fact, a lot of life left in those deposits; as the progressive American Prospect recently lamented, the “fossil-fuel empire” has struck back.

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