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THE IEA PREDICTS PEAK FOSSIL FUELS: Global fossil fuel demand is slated to peak by the end of this decade, International Energy Agency chief Fatih Birol said today, previewing figures from the group’s annual World Energy Outlook, out next month.
OPEC+ price aggression backfires: Actions from OPEC+ producers Saudi Arabia and Russia to extend oil supply cuts in a bid to push prices higher could also be a contributing factor, Birol said, helping accelerate a push for EVs and clean energy. Calling peaks is risky: The history of “peak oil” shows that it is a big gamble to make such calls. Prominent people like T. Boone Pickens, former Saudi Aramco production head Sadad Al-Husseini, and Birol himself have made wrong peak oil predictions, among many others.
Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Breanne Deppisch and Nancy Vu . Email bdeppisch@washingtonexaminer.com or nancy.vu@washingtonexaminer.com for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
While the bill has become one of the most high-profile climate bills in the state and has racked up support from major companies such as Google and Apple, a number of business groups have come out in opposition of the bill, arguing that it’s too burdensome. Lower gas consumption in the EU, combined with the bloc reaching its 90% gas storage target earlier than expected, have helped keep natural gas prices from skyrocketing to the highs seen last year. But Jaller-Makarewicz said the market is volatile and that “the only way that importing countries can mitigate that risk is by reducing their internal consumption.”
ETHICS CONCERNS AROUND ZINKE EMERGE: Interior Department staffers expressed early alarm during the Trump administration about former Secretary Ryan Zinke’s mesh of his public and private lives, according to new documents obtained by E&E News – nearly two years before alleged conflicts of interest edged him out of his position.
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Daily on Energy: House GOP moving to block California-style limits on gas-powered carsSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
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