Exxon’s 2050 Oil Demand Forecast: Bad News For Climate Change

Doug McIntyre discusses Exxon’s projection that global oil demand will remain constant through 2050, contradicting expectations that renewable energy sources would reduce reliance on fossil fuels. Despite investments in nuclear, wind, and solar energy, Exxon believes energy demand will outpace the growth of renewables, leading to continued high levels of greenhouse gas emissions. This scenario would exacerbate global warming, making the fight against climate change even more challenging. If Exxon’s forecast holds true, the world could face severe environmental consequences by mid-century.