Discussion about this post

User's avatar
Ted Cross's avatar

For what it's worth, BP says that these are not predictions, they are scenarios. From page 2:

"These scenarios are not predictions of what is likely to happen or what bp would like to happen. Rather they explore the possible implications of different judgements and assumptions concerning the nature of the energy transition and the uncertainties around those judgements."

So I think really, these should be seen as thought exercises, principally. In contrast, the IEA forecasts oil demand to set a new record next year: https://www.iea.org/reports/oil-market-report-january-2023

Expand full comment
Cory Paddock's avatar

Calling the peak of combustion demand seems within reach, but the omission of petrochemical demand growth in the Energy Outlook was puzzling.

Expand full comment
14 more comments...

No posts