Besides providing more evidence of the President’s bottomless insecurity and neediness, the obnoxious “Energy Dominance” messaging from this administration, coupled with military attacks on Venezuela, and Iran, as well as threats against NATO allies and Canada, are only accelerating the energy transition to China’s benefit.
Most discussions of global oil markets fixate on supply: where the next barrel comes from, how much it costs to extract, and which producer sets the marginal price. That lens is in full force with the Venezuela and Iran events this weekend.
China’s energy strategy suggests a different framing—one that looks far more like the long-standing playbook advanced by Amory Lovins and the Rocky Mountain Institute (RMI): don’t fight oil directly. Get more out of each barrel through efficiency, electrification, and better system design until demand structurally disappears.
If China succeeds at achieving their peak oil demand this year, their domestic success will be embraced by other oil importing countries that are looking to shift their oil import dollars into domestic technology investments. Oil demand will never go away, but we are seeing a long-term erosion of oil’s economic relevance.






