Oil & Gas: Still a Major Player in 2050?
Update: 2025-10-15
Description
Oil's Staying Power: OPEC predicts it will supply nearly 30% of global energy in 2050, despite the push for cleaner alternatives. Surging demand from growing populations and economies means oil consumption could hit 123 million barrels a day. OPEC urges $18.2 trillion in oil and gas investment to avoid shortages and price spikes, a call now echoed even by the International Energy Agency. Is the world facing an unavoidable reliance on fossil fuels for decades?
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