OPEC Blasts IEA’s Fossil Fuel Demand Forecast, Warns Of ‘Energy Chaos’ On Unprecedented Scale — 3 Top Oil Stocks From Wall Street
The latest projections from the International Energy Agency (IEA) suggest that demand for oil, gas and coal will peak before 2030.
“This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people anticipated,” Fatih Birol, executive director of the IEA, wrote in an op-ed published in the Financial Times.
That forecast does not sit well with the Organization of the Petroleum Exporting Countries (OPEC).
“It is an extremely risky and impractical…