Energy Consumption and Fossil Fuels Dominate 2025 Global Markets

In 2025, global energy consumption reached unprecedented levels, with fossil fuels continuing to lead the energy mix. Despite significant growth in renewable sources such as wind and solar power, oil, natural gas, and coal remained dominant, according to the Energy Institute’s 2026 Statistical Review of World Energy.

Fossil Fuels: Still Essential

Oil, natural gas, and coal accounted for 86% of global energy usage in 2025. These figures highlight the ongoing reliance on fossil fuels for homes, businesses, transportation, and industry. This aligns with former President Donald Trump’s focus on expanding U.S. oil and gas production to meet increasing energy demands.

The Trump administration argued that boosting domestic oil and natural gas production could lower energy costs, enhance national security, and stimulate economic growth. According to the White House spokesperson Taylor Rogers, increased U.S. production has provided affordable and secure energy for American families and businesses.

America’s Energy Market Dominance

In 2025, U.S. oil production hit a record 21.1 million barrels per day, nearly equal to the combined output of Saudi Arabia and Russia. Additionally, the U.S. maintained its status as the largest natural gas producer and leading exporter of petroleum products. Economist Steve Moore emphasized the importance of expanding domestic energy production, particularly in light of ongoing geopolitical tensions, such as conflicts involving Iran and the strategic Strait of Hormuz.

The Strait of Hormuz is critical for global energy supply, with about 20 million barrels of oil and one-fifth of the world’s liquefied natural gas passing through daily.

These tensions often illustrate the fragility of global energy markets and emphasize the need for domestic energy production to mitigate disruptions.

Energy Independence to Energy Dominance

Heritage Foundation economist EJ Antoni argued for a shift from energy independence to energy dominance. He stated that America must enhance its energy production and refining capacity to secure its energy future.

The White House supports this approach, suggesting that increased production can protect against geopolitical shocks and lower energy costs.

For further insights into the 2026 Statistical Review of World Energy, Amanda Macias provides comprehensive coverage of business, economics, politics, and their impact on markets and American workers.