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Demand for fossil fuels forecast to drop for first time — IEA

The IEA has, for the first time, forecast that global demand for fossil fuels could peak or plateau.

“Total demand for fossil fuels declines steadily from the mid-2020s by around 2 exajoules per year on average to 2050, an annual reduction roughly equivalent to the lifetime output of a large oil field”

— IEA, World Energy Outlook 2022

This will obviously have significant impact on the energy transition as governments shift to green energy, including:

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The Oregon Group

The Oregon Group

The Oregon Group is an investment research team founded by independent capital markets experts, Anthony Milewski and Justin Cochrane.

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