OPEC Slams The IEA Over Peak Fossil Fuel Demand Claims

Consistent data-based forecasts show that peak oil and other fossil fuel demand will not happen before 2030, as the International Energy Agency (IEA) claimed earlier this week, OPEC said on Thursday, dismissing the claims of the “beginning of the end of fossil fuels.” Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times on Tuesday, citing IEA research. Noting that demand for oil and gas has been growing despite forecasts of peaks, Fatih Birol…