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With fossil fuels, ‘peak demand’ isn’t what it sounds like

With fossil fuels, ‘peak demand’ isn’t what it sounds like

The term suggests a rapid descent from the highest point, but we should expect a levelling before we see a fall.

This may sound paradoxical, but the International Energy Agency is both the gold standard in global supply-and-demand energy statistics and a poor forecaster of the same data.

The sum of all that’s good and bad is its annual flagship report, the World Energy Outlook, thus, take it both seriously and with scepticism.

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Original URL: https://www.afr.com/link/follow-20180101-p5e7yp