A month ago, media all over the internet went crazy repeating the following headline (or a similar one) over and over: “IEA scraps Peak Oil, says oil demand will continue growing until 2050.” All this oil-positive hype was a result of the IEA’s World Energy Outlook for 2025. This report … [continued]
ChatGPT & DALL-E generated panoramic image of a seaside oil and gas town coated with dripping green paint
A year ago, I published an article on Peak Oil Demand and the impact EVs would have in the world’s most traded commodity. I thought a followup was worth it by now because some things have become clearer, but more importantly, because weird things have been happening in the world … [continued]
Yesterday, the same day that Juan Diego Celemín Mojica discussed at length for CleanTechnica the matter of global peak oil demand and how the International Energy Agency and OPEC+ are noticing versus ignoring EV sales growth in China and declining oil demand, the US Energy Information Administration put out an … [continued]
Half of the world’s economy has already reached peak gasoline and diesel demand while electric vehicle deliveries in every segment are shooting through the roof.
When the IEA said recently that the world needs to slash the use of fossil fuels, the folks at OPEC went ballistic.
Back in 2019 — before the Covid pandemic hit — the International Energy Agency (IEA) said it had peered into the future and could see no sign of “peak oil” happening any time soon. There was simply no end to the demand for oil and other fossil fuels in sight. … [continued]
As Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.” But some oil will still be being pumped at the end, and it won’t be heavy, sour, far from water crude.
The latest note from Carbon Tracker warns that Peak Oil demand is coming sooner than most people think and could lead to stranded assets and massive losses. It may not appear so at the moment, as energy in all forms is in massive demand, coming out of the economic doldrums … [continued]
The world is unlikely to see a return to pre-COVID-19 levels of shipping, projecting a minor peak in roughly 2030, and then a decline before it flattens out again.
A quick glance at the current political situation in the United States would seem to give the fossil fuels sector a possibility of a clear path to the future, as there is a chance that the current regime will stay in power. But that may be a delusion, with or without a political change.
