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Author: rogermunibond ⎊  😊 😞
Number: of 15492 
Subject: Re: Why Not O&G? Is it the IEA Energy Outlook_
Date: 07/14/2025 2:32 PM
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I did something similar recently. Looking at total global energy usage. 2023 = about 680 exajoules or 20 TW/hour energy generation.

About 52% was from oil and natural gas. If you assumed 3% growth in global energy usage, by 2050 the globe would probably being using double the energy used in 2023.

I can't imagine that the oil and NG portion is much below 40%.

The scale of infrastructure investment to shift that much energy consumption in 25 years is simply too vast imo.
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