[Fuzz]

Originally Posted by corporatejay

The IEA is about to revise their prediction of "peak oil" until 2050. Even if you believe in any of these ridiculous predictions, that's still a really long time.

Really? Because their latest report from June has it peaking by 2030.

Global oil demand is forecast to increase by an aggregate 2.5 mb/d over our 2024-30 outlook period, to reach 105.5 mb/d by the end of the decade. However, these gains are strongly front-loaded, with growth slowing from around 720 kb/d in 2025-26 to a mid-period plateau, before entering a narrow contraction in the final year. Subpar economic growth and the accelerating substitution away from oil in the transport and power generation sectors are the main structural drivers of this slowdown.

Petrochemicals, led by the steady increase in global natural gas liquids (NGLs) supply, and a continued shift towards biofuels account for the overwhelming majority of growth from 2026 onwards. As a result, demand for oil from combustible fossil fuels – which excludes petrochemical feedstocks and biofuels – looks set to plateau at around 84 mb/d. As a consequence, CO 2 emissions from oil use are now forecast to hit an apex by 2027.

https://iea.blob.core.windows.net/as...c3/Oil2025.pdf