The prediction, which has stirred controversy among oil producers, is a sign of a sweeping transformation in the global energy landscape.

I’ll note that several oil majors have made big bets in the past few weeks to the effect that oil and gas consumption will continue to rise for decades to come. If we succeed in maintaining a civilization-supporting planet, people who have not divested from fossil fuels industry will lose a lot of money.

  • federalreverse-old
    3•1 year ago

    If that all came to pass, oil and gas demand would most likely plateau [around 2030] at slightly above today’s levels for the next three decades, […]

    Yikes. If we want a livable planet, not only is 2030 really late, but 30 extra years at the current level of consumption until we exit the plateau is a really long time.