Peak Oil Is Not Dead: Reviewing the IEA's World Energy Outlook for 2025 - CleanTechnica

The article from CleanTechnica critically examines the International Energy Agency’s (IEA) World Energy Outlook 2025, particularly addressing the recent media hype claiming that “Peak Oil” is dead due to forecasts of oil demand growing through 2050. This interpretation stems from the IEA’s reintroduction of the “Current Policies Scenario” (CPS), which assumes no new climate policies beyond those already enacted, leading to continued oil demand growth. However, the article emphasizes that this scenario is politically influenced, notably by U.S. government pressure under the Trump administration, which reversed prior climate initiatives and pushed the IEA to include a more oil-positive forecast. In contrast, the “Stated Policies Scenario” (STEPS), which accounts for announced but not yet implemented policies, still predicts oil demand peaking around 2030 and then declining, consistent with previous outlooks. The article argues that forecasts based solely on current policies (CPS) are increasingly obsolete because they fail to capture the dynamic