S&P Global Commodity Insights 2024 Energy Outlook & Predictions

S&P Global Commodity Insights, one of the biggest and best in the energy information business, issued its annual Energy Outlook for 2024 yesterday. It's an interesting read. S&P analysts say "uneven balances and OPEC+ resolve to remain key risks to markets," and "coal, gasoline entering peak demand years." Yep, the mighty S&P has bought into the "peak" theory (which has been wrong every single time it's been announced). It would be fun to revisit some of the predictions a year from now, including the prediction that worldwide coal demand will decrease in 2024 and that 20% of all cars sold in 2024 will be electric. Color us skeptical.

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