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Page added on September 19, 2021
Daniel Yergin’s firm predicts petroleum fuel demand peaks in 2036
Add one of the most respected figures in the oil and gas industry to those predicting that demand for petroleum products is nearing its peak.
IHS Markit, of which Pulitzer Prize-winning oil historian Daniel Yergin is vice chairman, released a report Monday predicting that demand for refined products like gasoline and diesel would peak in 2036.
“The energy transition has accelerated during COVID-19, and the combination of changing consumer habits and a heightened sense of urgency around climate change will result in greater political commitment and financial backing for decarbonization of the industry,” Sandeep Sayal, a vice president at IHS Markit, said in a statement.
The forecast follows a stream of similar predictions in recent years, with Royal Dutch Shell CEO Ben van Beurden stating in 2017 that oil demand would peak by 2030.
But while some might see a sharp descent for oil, IHS sees a far more gradual decline.
Analysts there predict that global demand for petroleum products will increase by 9 million barrels a day over the next 15 years, before beginning a decline that keeps demand above 2019 levels until 2050.
That is far below the scenario scientists say is necessary to avoid a 1.5 degree Celsius temperature increase, beyond which the world risks massive crop failures and dangerous sea level rise.
The reasoning, IHS said, is that technologies like electric cars and “green hydrogen” — which is produced from water — are not developing at the pace necessary for a faster shift away from oil. At the same time, the huge investments in renewables needed to transition from fossil fuels are going to struggle with the economic and political realities of life after the pandemic.
“The new IHS Markit base case scenario is ambitious in terms of acknowledging energy transition goals. But it reflects a pragmatic and plausible approach to the implementation and timing of those goals,” Sayal said in a statement.
61 Comments on "Daniel Yergin’s firm predicts petroleum fuel demand peaks in 2036"
peakyeast on Wed, 22nd Sep 2021 4:06 pm
Btw. I am not anti vax – i have a lot of other vaccines. But I am not complying when there is a combined effort to lie, manipulate on multiple fronts, censorship, blatant fearmongering, absence of responsibility by both state and “vaccine” manufacturers …
Then you can count me out.
But if you think you dont need to know the truth unbiased and unfiltered by your government and be allowed to make your own informed decision based on all the best data and knowledge – then by all means.. go ahead an be a braindead sheeple.. But dont expect others accept being treated like an unwanted infant.
Duncan Idaho on Wed, 22nd Sep 2021 4:22 pm
Father, 24, who didn’t get vaccinated because he heard it was ‘not real’ dies from Covid-19 three weeks after imploring others from his hospital bed to get the shot
Being stupid is not good for your survival.
But it does get rid of the uneducated– so I’m keeping it positive.
https://www.dailymail.co.uk/news/article-10016669/Father-24-didnt-vaccinated-heard-not-real-dies-Covid-19.html
Duncan Idaho on Wed, 22nd Sep 2021 5:25 pm
After spending wedding on ventilator, unvaccinated bride-to-be dies of COVID-19
(You know the story)
i promote peakyeast to supertard congratulations to supertard peakyeast who has 2 brain cells left on Wed, 22nd Sep 2021 6:58 pm
his title is “the lover” of supremacist muzzies.
peakyeast on Wed, 22nd Sep 2021 4:06 pm
Btw. I am not anti vax – i have a lot of other vaccines. But I am not complying when there is a combined effort to lie, manipulate on multiple fronts, censorship, blatant fearmongering, absence of responsibility by both state and “vaccine” manufacturers …
please join me in congratulating this supertard
as usual, please feel at ease among friends, we’re all lovers of supremacist muzzies here.
Duncan Idaho on Wed, 22nd Sep 2021 7:02 pm
We have a party that is killing large numbers of Americans, for political purposes.
Is this good?
It is getting rid of the mentally feeble.
Cloggie on Wed, 22nd Sep 2021 11:23 pm
“Btw. I am not anti vax – i have a lot of other vaccines. But I am not complying when there is a combined effort to lie, manipulate on multiple fronts, censorship, blatant fearmongering, absence of responsibility by both state and “vaccine” manufacturers …
Then you can count me out.”
Exactly my attitude. Unless the social pressure gets too great (no more access to paid work, like in Italy) I intend to gain time to see how these experimental “vaccines” work.
My fear: new variants popping up all the time, making old vaccines obsolete, requiring “booster jabs” every few months or so:
https://www.wienerzeitung.at/nachrichten/wissen/mensch/2112842-Die-Varianten-werden-uns-um-die-Ohren-fliegen.html
I have enough means to survive this winter without income. Curtains closed + pile of books, no plane trip to Southern Europe this year.
https://www.reuters.com/world/middle-east/israel-offers-covid-19-booster-shots-all-vaccinated-people-2021-08-29/
A boon for Pfizer. I really would like to know the origin of this virus.
– Natural virus feasting on bats?
– Chinese sloppiness?
– CIA tipped Wuhan wet market during the military games?
– Pfizer released the virus?
Questions, questions, questions…
i promote peakyeast to supertard congratulations to supertard peakyeast who has 2 brain cells left on Thu, 23rd Sep 2021 10:10 am
his title is “the lover” of supremacist muzzies.
peakyeast on Wed, 22nd Sep 2021 4:06 pm
Btw. I am not anti vax – i have a lot of other vaccines. But I am not complying when there is a combined effort to lie, manipulate on multiple fronts, censorship, blatant fearmongering, absence of responsibility by both state and “vaccine” manufacturers …
please join me in congratulating this supertard
‘Stupidity is a more dangerous enemy of the good than malice. One may protest against evil; it can be exposed and, if need be, prevented by use of force. Evil always carries within itself the germ of its own subversion in that it leaves behind in human beings at least a sense of unease. Against stupidity we are defenseless. Neither protests nor the use of force accomplish anything here; reasons fall on deaf ears; facts that contradict one’s prejudgment simply need not be believed- in such moments the stupid person even becomes critical – and when facts are irrefutable they are just pushed aside as inconsequential, as incidental. In all this the stupid person, in contrast to the malicious one, is utterly self-satisfied and, being easily irritated, becomes dangerous by going on the attack. For that reason, greater caution is called for than with a malicious one. Never again will we try to persuade the stupid person with reasons, for it is senseless and dangerous.”
Dietrich Bonhoeffer
as usual, please feel at ease among friends, we’re all lovers of supremacist muzzies here.
FamousDrScanlon on Thu, 23rd Sep 2021 1:55 pm
Danny boy Yergin. The oil industry’s very own historian. It’s good work if you can get it.
makati1 on Thu, 23rd Sep 2021 3:37 pm
Duncan, you actually believe all the bullshit sob stories on the MSM propaganda sites? Fool! People die every day, hundreds of thousands, of more serious diseases than the flu.
I am not anti-vaccine. Real vaccines prevent you from getting the disease. GMO-JABs are gene altering eugenics designed to mutate the virus and spread it. Part of a Bill Gates, etc. eugenics plan to cull the herd, called “Reset”. He,and his cronies, wants billions of us to die.
Fools are lining up with their face diapers in place, to be slaughtered by the GMO-JAB. Sure, people die of the flu. A million every year. Only the dumbed-down, brainwashed sheeple are too stupid to do any research before they get jabbed. So be it. Maybe a few hundred million fools need to be culled. I won’t be one of them. I do my homework.
When their kids are made sterile, have serious health problems, or die, from the forced GMO-JAB, they will see what I am saying was true. Too late.
BTW: If this insanity is not stopped, it will be GMO-JABs for infinity until there are none of you left. So be it.
i award supertard peakyeast PhD because PhDs dont take MUZZ-19 anyone who dont take MUZZ-19 is honorary PhD on Thu, 23rd Sep 2021 8:31 pm
as usual, please feel at ease among friends, we’re all lovers of supremacist muzzies here.
Cloggie on Sat, 25th Sep 2021 6:39 am
“Electric car owners post mocking memes as they avoid the fuel crisis (and even the BBC appear to get in on the act by sending PHIL McCANN to cover the story)“
https://www.dailymail.co.uk/news/article-10027455/Electric-car-owners-look-smugly-petrol-diesel-drivers-battle-fuel.html
You don’t need Poles for electricity to poor out of the socket, much in contrast to gasoline at the pump.
Brexit playing into the hands of renewable energy, nice.