>>23728035I just pointed out that even the bearest of bears concedes that oil demand will grow into 2050. Given their history we will likely witness the actual demand far outpace their squeemish prediction though
>solarFor sure impressive growth in solar capacity! The amount of solar energy being consumed has basically been exponential. But like I said, it just isn't a zero-sum game. Solar, wind, fossil fuels, hydro, nuclear and others are not fighting over a stagnant market. No, we're consoooming more and more energy all the time.
Here's a good chart for you:
https://ourworldindata.org/grapher/global-energy-consumption-sourceI have zoomed into the 2020-2024 range in pic related, which is arguably very flattering for solar. Solar consumption has grown by 3,033.83TWh in this four year time frame. Impressive! But wait hold on, what! Coal consumption grew by 3,534.22TWh in the same time frame. So while solar has definitely captured relatively more market share and grown relatively more, even the archaic coal has grown on par with it. Gas a bit less, about 2,500TWh, oil much more but that probably has a lot more to do with covid messing up the data. The point is that total global energy demand growth is too great for any major source of energy to peak or decline. I bet we will see all forms of energy consumption trend up in lockstep
