Workflow
IEA's New Forecast: Oil Demand Rises 13% by 2050 on Slower EV Adoption
Bloomberg Televisionยท2025-11-12 10:49

This is the annual long term report that's produced by the International Energy Agency, and it's been quite controversial over the years. They had done away with what they call that current policy scenario, i.e., if nothing changes, what happens to demand and gone for scenarios that assumed we would take more drastic action against climate change. The IEA denies this is a response to the Trump administration to reinstate this forecast, but I think clearly it's acknowledgement of the shifting political winds ...