Latest IEA Absurdity: Only 50 Million Miles of New Transmission Lines to Go

The International Energy Agency (IEA) long ago lost any remaining shred of real credibility, but that doesn’t prevent the fantasists it employs, led by the clownish Fatih Birol, from churning out report after report that make any thinking person guffaw with laughter.

It was only a little more than 2 years ago, for example, when Mr. Birol, citing a then-new IEA report released in May 2021, lectured us that everyone in the world must immediately halt any new investments in finding and producing new oil reserves globally if the net zero fantasy were to come about by 2050. In the 29 months since, the global industry has engaged in roughly $1 trillion in such new investments.

A couple of months back, you could almost hear the howls of laughter coming from the halls of major oil companies and investment houses when IEA put out a report claiming that, with the policies now in place, the world would achieve the mythical “peak oil” demand by the end of the current decade. In the intervening 60 days, global demand has risen to new all-time record high, and no one but IEA expects that trend to reverse anytime soon.