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OPEC Sees No Peak In Global Oil Demand On The Horizon
In its 2023 annual report, OPEC forecasts demand for crude to reach 116 million barrels per day by 2045 under its main scenario, a 16.5 percent increase from the 99.4 in 2022.
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Global Fossil Fuel Subsidies Reached $7 Trillion in 2022, an All-Time High
Global subsidies for fossil fuels reached $7 trillion in 2022, an all-time high, according to the International Monetary Fund.
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Unintended Consequences of Renewable Energy
So in Germany, after shutting down its nuclear capacity and investing 500 Billion Euros in an effort to achieve 100% RE, now has a carbon intensity that is 14X higher than nuclear France.
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Accelerating CO2 Emission Growth
CO2 emissions not only continue to grow, but the growth is accelerating.
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Fossil fuel subsidies skyrocket to $1 trillion.
Did you know that taxpayers worldwide provided over $1 trillion USD in subsidies to the Big Oil industry last year?