Climate change shifted the oil production debate from scarcity to demand. If countries do not deliver on ambitious green ...
Haley Mast is a freelance writer, fact-checker, and small organic farmer in the Columbia River Gorge. She enjoys gardening, reporting on environmental topics, and spending her time outside ...
Oil giant BP released a report Monday predicting that the world would sharply reduce its reliance on the company's signature product, oil and gas, over the next 25 years as countries hasten their ...
The IEA expects peak oil consumption to be reached by 2030, while OPEC forecasts a longer timeline. The debate over peak oil consumption is a contentious issue that significantly impacts longer-term ...
In 2020, BP shocked energy markets, declaring the world was already past peak oil demand. Now, when analysts talk about peak oil, they are referring to that point in time when global oil demand enters ...
Global demand for oil just keeps growing. It’s only fallen once in the past dozen years — in 2020, at the start of the COVID-19 pandemic. After that, it roared back. But as the world continues to ...
The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. Turning to the United States ...
The Organization of the Petroleum Exporting Countries said that global oil consumption will continue to swell well into the midcentury, with no peak in sight, rebutting outside forecasts that the ...
Being a grumpy old man, I have to start with the complaint that headlines which say “Peak oil demand ‘in sight before the end of the decade’ should include ‘a forecast says.’ Too often headline ...
Initially, the introduction of EVs did not overtly concern the oil industry, as they were not looking to challenge the oil sector directly. Fuel savings by 2040 are expected to be 21.42 MMBD compared ...
Since the beginning of industrialization, growth in oil demand has been a close proxy for economic growth. Now, as we transition to clean energy, there’s a real prospect of breaking that linkage. But ...
The International Energy Agency now projects oil, gas, and coal use will all peak this decade. This constitutes a dramatic shift from the last 150 years when the thirst for fossil fuels persistently ...