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Originally Posted by Fuzz
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https://www.bloomberg.com/opinion/ar...crumbling-myth
By 2050, the IEA pencils in oil consumption at 114 million barrels a day under its CPS — that compares to the about 93 million barrels a day by 2050 seen last year under the STEPS scenario and more than double the 54 million under its APS scenario. In its draft, the IEA said that oil demand would increase mostly in aviation and shipping and as petrochemical feedstocks. While sales of electric vehicles will increase dramatically in China and the European Union, “EV adoption stalls in regions lacking strong policy support,” particularly the US, the draft says.