Peak has peaked.
Just The News (12/1/25) reports: "The International Energy Agency appears to have bowed to threats from the U.S. to pull its funding if the agency didn’t realign its forecasting toward unbiased, policy-neutral projections. In the middle of the COP30 United Nations Climate Change Conference last month, the agency released its annual 'World Energy Outlook.' Unlike previous iterations, the report doesn’t base its forecasts of future oil demand on scenarios that assume nations’ commitments to net-zero emissions by 2050 will be met. As a result of the change in forecasting, the agency no longer predicts 'peak oil,' a century-old theory that the world will stop using petroleum because either it runs out or transitions to other technologies...'Looking at the world as it is, and then making baseline projections from there, is probably a much better starting point than…assuming perfect compliance to global treaties,' Alex Stevens, manager of policy and communications for the Institute for Energy Research, told Just the News...Stevens, with the Institute for Energy Research, said that the IEA models are likely going to be more reliable going forward as a result of the changes in scenarios and the agency moving back toward its original mission. 'With anything modeling-wise, you know the assumptions that you make are going to drive the results. And moving to something that is a little bit more realistic is obviously going to produce more realistic results, and that's what we're seeing,' he said."
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"From the political scene to the continued growth of hydrocarbon energy, the global climate consensus and the push for Net Zero is crumbling. It’s time for nations to return to sensible energy policy."
– Steve Goreham,
The Heartland Institute
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