Four major shifts are reshaping the global energy landscape: 1) the US is becoming the top oil and gas producer, 2) solar PV is becoming the lowest-cost new source of electricity in many countries, 3) China is pursuing major reforms to improve air quality, and 4) electrification, electric vehicles, and digitalization are driving increased electricity demand. These changes open opportunities for affordable, sustainable energy but require new policy approaches. India's energy growth is outpacing China's while gas trade is growing rapidly through LNG shipments to meet Asia's rising demand. A sustainable development scenario is outlined that could limit global warming while achieving universal energy access.