Trillions of dollars in potential investments in the oil and gas industry could be jeopardized by “misguided” projections about so-called “peak demand” for energy and could end up putting the world’s energy security at risk, said Saudi Arabia Minister for Energy, Industry and Mineral Resources Khalid Al-Falih during Houston’s CERAWeek by IHS Markit 2017.
'Peak Demand' Theories May Discourage Trillions in Investments: Saudi Energy Minister
Al-Falih welcomed the changes in the world’s energy mix stemming from lower costs and the growing performance of alternative energy solutions such as renewables and electric vehicles, which have changed the global energy mix. But he warned about dismissing the complexity of the phenomena because the thirst for energy — and therefore oil — remains “unsatiable.”
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