Oil majors peddle false reassurance on energy demand
Ahead of BP’s annual energy outlook release, E3G’s Tom Burke argues the industry uses misleading metric to dismiss threat from clean sources Sheikh Yamani, a former Saudi oil minister, is famous for having pointed out that the Stone Age did not end because we ran out of stones. He was responding to a debate at the end of the last century about whether the world would run out of oil. It is a matter of energy demand. He went on to say something else, now forgotten. Speaking to the Daily Telegraph in 2000 he said: “Thirty years from now there will be a huge amount of oil – and no buyers. Oil will be left in the ground.” It remains […]
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