IEA Sees Peak Oil Demand After 2040

November 16, 2016

(The article referenced may require a paid subscription to the Wall Street Journal to read. )

Global oil demand won’t stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency said.

IEA Executive Director Fatih Birol’s comments have added to a debate over when oil consumption—which has steadily grown for decades—will begin a sustained decline, a change known as peak demand. Royal Dutch Shell PLC’s Chief Financial...

Read entire article on Wall Street Journal (subscription may be required).



<- Go Back

Give Us Your Thoughts