We don’t need to tell you that Texas is a study of energy contrasts—producing more fossil fuels and renewables than any other state in the nation. The great white hope of the energy transition is to wean us off our dependence on oil and natural gas to construct a future that’s otherwise dependent exclusively on alternative energies to ensure lifestyles and economies keep rolling along without disruption. ...

Speaking at the APEC 2023 CEO Summit earlier this month, ExxonMobil CEO Darren Woods shared his thoughts on today’s world-scale problems that include climate change, energy poverty, and the limitations of renewable energies. He left his peers with a few guiding principles to consider. The most important, Woods stressed, is to “leverage the power of competitive markets to let the best solutions win.” ...