Elon Musk Says Peak Oil Demand Will Be Reached Within 5 Years via insideevs.com
Elon Musk has announced he thinks that the world will reach peak oil demand within the next five years, which seems to be in-line with what the International Energy Agency predicted in a report it published in late 2022. The IEA said the demand for oil would level off around the middle of this decade and then start to go down towards the year 2050 .Energy markets and policies have changed as a result of Russia’s invasion of Ukraine, not just for the time being, but for decades to come.
The IEA also presents several possible scenarios that will affect when peak oil demand is reached. The first is the Stated Policies Scenario , which is a more conservative scenario that doesn’t simply assume that governments will reach their stated goals for reducing oil need.
, which assumes that by the year 2050 CO2 emissions will be eliminated completely, although it sounds like not even the IEA thinks this will actually happen.’s statement, well, even if he is right about when oil demand will actually peak, it doesn’t mean countries’ oil needs will drop off sharply after that.
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