Have we reached peak peak?

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DAILY ENERGY NEWS | 09/25/2025

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How many times do we have to say it? There is no energy transition. It's all about addition.

The Guardian (9/25/25) reports: "BP has raised its forecasts for oil and gas demand, suggesting the global net zero target for 2050 will not be met and highlighting a slowdown in the transition to clean energy. The energy company’s closely watched annual outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, a rise of 8% compared with its previous estimate of 77m barrels a day. The current trajectory of the energy transition means natural gas demand could hit 4,806 cubic metres a year in 2050, BP said, up 1.6% from its previous estimate of 4,729 cubic metres. To meet global net zero targets by 2050 the fall in oil demand would have to occur sooner, and with greater intensity, dropping to about 85m barrels a day by 2035 and about 35m barrels by 2050, BP said. The world currently consumes about 100m barrels a day of oil. BP said it expects oil demand to peak at 103m barrels a day in 2030, five years later than previously forecast."

"[Climate change] is the greatest con job ever perpetrated on the world, in my opinion. All of these predictions made by the United Nations and many others, often for bad reasons, were wrong."

– President Donald Trump

Ol' reliable.

Roll Call (9/22/25) reports: "A recent federal policy shift toward the increased use of fossil fuels, including coal, and away from renewable sources of power could have implications for recent declines in emissions in the U.S., particularly as Congress works to codify many of the new energy priorities of the Trump administration. An analysis released last week by the Energy Information Administration showed a reduction in carbon dioxide emissions across the U.S. since 2005, driven primarily by the decreasing use of coal across the electric power sector. From 2005 to 2023, EIA said, per capita emissions fell in every U.S. state and energy-related emissions decreased 20 percent nationwide. But EIA reported in late July that coal’s decline would 'temporarily reverse' in 2025 because of 'rising electricity demand and coal’s increasing competitiveness in the electric power sector,' which accounts for most coal’s use across the country. Partly as a result of increased use of fossil fuels, EIA said in its short-term outlook, the U.S. is forecast to experience a 1 percent increase in total emissions this year....Republicans generally have celebrated the broad shift away from renewable energy sources such as wind and solar — which the administration has called 'unreliable' — and toward increased production of fossil fuels as part of the effort to establish so-called energy dominance."