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Fossil fuels aren't going away after all.
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This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on BlueskyTikTokInstagramLinkedIn and Threads.

The Myth of Peak Fossil-Fuel Demand Is Crumbling — Javier Blas

For the last few years, climate and energy policymakers have convinced themselves the world was inexorably moving away from fossil fuels. Breaking news: It is not.

The consensus was that consumption of oil, natural gas and coal would peak before the end of this decade. There was debate about the speed of the subsequent decline, but the conclusion was the same: The end of the fossil-fuel era was within reach. But that tenet, key to achieving the ambition of net zero by 2050, wasn’t as cast in stone as its backers thought.

The annual report being prepared by International Energy Agency, which represents the views of the world’s richest nations, shows the alternative — decades more of robust fossil-fuel use, with oil and gas demand growing over the next 25 years — isn’t just possible but probable. 

Read the whole thing.

America’s Friends Will Never Trust the US Again — Andreas Kluth

The ICE Raid on the Georgia Hyundai Plant Makes No Sense — Mary Ellen Klas

Five Lessons From Putin’s Reckless Drones in Poland — Marc Champion

The Supreme Court’s ICE Raids Ruling Is Shameful — Noah Feldman

Apple’s Plan B for AI Is Actually Pretty Great — Dave Lee

Oracle’s Sudden Rally Demands an Investing Rethink — Shuli Ren

Red and Blue States’ Fight Is Reaching a Dangerous Level — Ronald Brownstein

Bill Ackman Has a Trade for Eric Adams — Matt Levine

The US Is Giving Away $35 Billion a Year to Cook the Planet — Mark Gongloff

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