The IEA's "Crying Wolf" Scenario

  The International Energy Agency (IEA), known as the energy watchdog for OECD countries, has once again raised concerns about an impending peak in hydrocarbon demand, projected to occur before 2030. The agency, which has become notably politicized, attributes this "doomsday scenario" for hydrocarbon producers, particularly OPEC+ and the USA, to the struggling Chinese economy. China's ongoing shift from hydrocarbons to renewables and the potential liberalization of its economy further contribute to this assessment. Fatih Birol, the head of…