07 Dec, 23

The Oil Demand Outlook that COP28 Leaders Would Hate

UncategorizedNo Comments

This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the massive buildout of wind and solar capacity, hundreds of billions of investments in alternatives of hydrocarbons, and pledges for a lot more. There appears to be a gap between stated goals and ambitions and reality. It might be more difficult to see looking at the oil futures market, but it is there. And it may be getting deeper. Like emissions, oil demand rose this year. Yet the…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.