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Caribbeans

(1,245 posts)
Tue Aug 19, 2025, 03:04 AM Aug 19

Will Oil Demand Peak Soon? Trump Administration Doesn't Want to Hear It. -NYT


Manny, Moe and Jack appear with Laurel and Hardy

Will Oil Demand Peak Soon? Trump Administration Doesn’t Want to Hear It.

It is lashing out at the world’s leading energy organization for saying oil and gas use could start declining as the world pivots to cleaner alternatives.

NYT | Somini Sengupta and Brad Plumer | Aug. 18, 2025

Year after year, the International Energy Agency publishes detailed data on how much energy the world uses, where that energy comes from, and what the global energy picture may look like in the future.

Lately, the I.E.A.’s influential forecasts have suggested that global demand for oil and gas could peak by the end of the decade as electric-vehicle sales grow and the cost of solar panels and battery storage plummets.

That has landed the agency and its boss, the outspoken Turkish economist Fatih Birol, in the cross-hairs of the Trump administration.

Chris Wright, Mr. Trump’s energy secretary and a former fracking executive, has called the agency’s projections of peak oil demand “nonsensical” and has said the United States could withdraw from the global organization if it doesn’t change the way it operates. House Republicans have said the agency is publishing “politicized information to support climate policy advocacy” and have threatened to withhold U.S. funding. The United States provides around 14 percent of the agency’s budget and is among its 32 member states...more
https://www.nytimes.com/2025/08/18/climate/iea-trump-energy-data-peak-oil.html?unlocked_article_code=1.fE8.PV2K.M-6q1EoEs6k5
No PW:https://archive.is/BSqkB

Related: U.S. Emissions Rise, China’s Fall, in Massive Shift Between World’s Biggest Climate Polluters
Or,
Why China has become an "ENEMY"

The United States’ carbon emissions increased while China’s declined in the first half of this year compared to the same period in 2024, pointing to a massive shift in roles between the world’s two biggest climate polluters if the trend continues.
https://www.theenergymix.com/u-s-emissions-rise-chinas-fall-in-massive-shift-between-worlds-biggest-climate-polluters/

To the Citizens of the United States of Oil and Gas: Good luck ditching Dick and Hank's PETRODOLLAR
https://www.investopedia.com/terms/p/petrodollars.asp

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