As is the case with a host of other progressive issues, the overwhelming majority of millennials—91 percent—believe in climate change, and the vast majority support government action to do something about it. Because of this, there have been massive, millennial-led campaigns targeting the fossil fuel industry, like the one to divest major institutions’ holdings from coal, oil and natural gas companies.
Up Next in Fossil Fuel
Nevertheless, the implications of a looming peak in oil consumption are massive. Without an economic transformation, or at least serious diversification, oil-producing nations that depend on oil revenues for both economic growth and to finance public spending, face an uncertain future.
Peak Oil Demand Is A Slow-Motion Train Wreck
Peak oil demand has been a hot issue in the energy industry for years, but a recent report suggests that much of the debate around peak oil demand is missing the point