Natural Gas Is Bringing Down Big Oil

Natural gas has fallen off a cliff towards international obscurity over the nearly two years since Russia invaded Ukraine. Conventional wisdom has long been that natural gas would be the longest-living of the three main fossil fuels, with coal use dying off first, followed by oil, and gas benefiting from its lower carbon-emissions count to go on being used nearly to the mid-Century “net zero” deadline. No longer. The International Energy Agency (IEA) that sits atop the heap of international supply-demand prognosticators has made it official: Natural gas demand may edge up ever so slightly for a few more years, but by 2030 latest, it will be in decline. In fact, the IEA now expects demand for all three fossil fuels to peak by 2030, with gas going first, ahead of oil and coal. That’s the ever-cautious IEA view, and it expects a the subsequent decline in fossil fuel use to be slow. Peak demand for all fossil fuels is coming sooner because solar is spreading faster, and that peak will come sooner still if economic growth is slow or even non-existent. The new order among the fossil fuels has more complex reasons. <a href="https://medium.com/@sarahmiller_22747/natural-gas-is-bringing-down-big-oil-5790b2ec35b9">Click Here</a>