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Not a day passes without claims being made by experts, analysts and organisations prominent among them the International Energy Agency (IEA) about climate change, global energy transition, net-zero emissions, peak oil demand and the end of oil.
However, the global economy can neither take such claims nor can it fulfil them. And contrary to these claims, oil will continue to drive the global economy throughout the 21st century and probably far beyond underpinned by both rising world population and growing global economy.