The Geopolitical Implications of Future Oil Demand
The geopolitics of oil have played a central role in international relations, but the rise of renewables in the current energy transition are changing this. In his research paper for Chatham House, Paul Stevens suggests that the speed and depth of the current transition are underestimated by leading industry players and analysts Their forecasts seem to persist with a ‘business as usual’ view of future demand for hydrocarbons. Yet the energy establishment has consistently underestimated the rate of deployment of renewables. Assessing current factors, the paper argues that many forecasters are overstating long-term demand for oil.
https://www.chathamhouse.org/sites/default/files/2019-08-14-FutureOilDemand.pdf
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