To all you oil bros out there shouting "there is no energy transition" at the top of your virtual lungs, you're wrong and the IEA's 2024 APS scenario is right. Peak oil demand in 2030 (or sooner). A short plateau, followed by the beginning of decline. 55MM b/d of consumption by 2050 might be a bit optimistic, but demand won't be close to today's 103MM b/d. And exporting nations like Canada will face a reckoning.
It'll take a few years for you to realize the error of your ways, but your day is coming.
Energi Media
To all you oil bros out there shouting "there is no energy transition" at the top of your virtual lungs, you're wrong and the IEA's 2024 APS scenario is right. Peak oil demand in 2030 (or sooner). A short plateau, followed by the beginning of decline. 55MM b/d of consumption by 2050 might be a bit optimistic, but demand won't be close to today's 103MM b/d. And exporting nations like Canada will face a reckoning.
It'll take a few years for you to realize the error of your ways, but your day is coming.
1 month ago | [YT] | 226