Energy Absurdity of the Week: 'Unexpectedly!' IEA Already Shifting Oil Demand Talking Points for 2024

Live look-in at IEA headquarters. Credit: Meme

The ideologically biased International Energy Agency set the energy media afire in September with its projection that the globe would reach “peak oil demand” in this current decade under its scenario that envisions no changes to current policies.

Of course, everyone with a brain understood this was abject nonsense, but that IEA report wasn’t about reality, it was about giving climate alarm activists a new talking point in advance of the just-concluded COP28 conference in Dubai. IEA provided the activist community with another, even bolder talking point in October with an expanded study claiming the 2020s would also produce “peaks” in demand for coal and natural gas.

You could literally hear the peals of laughter coming from every OPEC+ country and oil, coal, and natural gas producing company on earth when that one was released, but no matter: Fatih Birol consider IEA’s work to be done in setting the stage for COP 28. The idea was to help convince oil producing and high consuming countries there to accept the inevitable and just sign off on language endorsing the “phasing out” of fossil fuels.