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A Glimpse Into The Post-Oil Era: How The Uneven Impacts Of 2025-2030 Peak Oil Demand Will Shape The Future Of Energy

CleanTechnica EVs

But some oil will still be being pumped at the end, and it won't be heavy, sour, far from water crude. As Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. This scenario assumes a full global consensus for action on climate change.

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