Oil’s share of total global energy demand drops to below 30% — IEA

https://www.upstreamonline.com/production/oils-share-of-total-global-energy-demand-drops-to-below-30-iea/2-1-1796749?zephr_sso_ott=hRCeCf

by Tricky-Astronaut

6 comments

  1. >“Oil’s share of total energy demand fell below 30% for the first time ever, 50 years after it peaked at 46%,” the IEA said.

    >“Sales of electric cars rose by over 25% last year, with electric models accounting for one in five cars sold globally. This contributed considerably to the decline in oil demand for road transport, which offset a significant proportion of the rise in oil consumption for aviation and petrochemicals.”

    Note that most oil is burned, where the vast majority of the energy is wasted as heat. Replacing this oil requires significantly less energy if used to power electric motors.

  4. Yet oil money has corrupted the very blood of the best selling car in the world.

  5. >It highlighted continued oil-to-gas switching in the Middle East’s power sector in 2024 as well as record sales of natural gas-powered trucks in China contributing to lower diesel demand.

    It is losing share but isn’t just to clean energy.

  6. And trump wants us to stay coal and oil, while the whole world is looking for better alternatives and mutual investment

Comments are closed.