Historian argues energy sources accumulate, not replace; fossil demand persists

Historian Jean-Baptiste Fressoz contends that energy transitions add new sources rather than displace old ones, explaining why fossil fuel use remains near record levels despite massive clean-energy investment. The argument challenges the assumption that renewables will automatically reduce fossil demand, though it is a historical thesis rather than a market-moving event. This matters for long-term energy policy and investment expectations, but has no immediate directional market impact.

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