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Explainer – Why $100 oil could hurt the energy transition more than it helps

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By Timothy Gardner WASHINGTON (Reuters) – The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change? The answer is probably not. On the one hand, energy analysts say, soaring prices for gasoline, diesel and other products made from crude oil will drive cost-conscious consumers more quickly into electric vehicles and boost investment in competing clean technologies like hydrogen. But at the same time, these high p…

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