https://oilprice.com/Energy/Energy-General/The-IEA-Is-Not-Wrong-About-Oil-Demand.htmlYears ago I knew this day would eventually come. The day when energy policy and public perceptions on the future of fossil fuels would begin to change from the insane climate activist narrative into a realistic one. First Bill Gates comes out in favor of fossil fuel use (coincidentally while Microsoft's new data centers are warming up the brand new gas turbines), now the EIA is pushing back their embarrassingly wrong peak oil demand forecast from 2030 to 2050.
You love to see it. Who could have guessed all we needed was a bit of chaos to get people's feet back on the ground for a little while?
This article has some very sobering redpills for the climate crowd:
>As of 2025, almost 1.5 billion people don’t have access to clean cooking fuels. Around 2.8 billion people around the world don’t have adequate housing, and most of them are concentrated in low- and middle-income countries. A similar number of people (2.3 billion) face moderate to severe food insecurity. Overall, there are billions in the world that need and will hopefully experience an economic transformation, improving their general standard of living. As that happens, the demand for housing (cement, steel), food (ammonia), plastics (as consumption goes up), cars, air-conditioners, mobile phones, etc, will increase. Most of these will require a consistent flow of fossil fuels or their derivative energy and materials.The article also highlights new demand growth in India and Africa, the latter of which will see its population double by 2050. All in all it's a great read, a wonderful injection of reality in a post-clown world.
