Markets, Pipelines & Beyond

Markets, Pipelines & Beyond

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Markets, Pipelines & Beyond
Markets, Pipelines & Beyond
Oil’s Era Ends. But 600 Million Still Wait in the Dark

Oil’s Era Ends. But 600 Million Still Wait in the Dark

666 million people still live without electricity, and two billion cook over open fires (1000+ words)

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Markets, Pipelines & Beyond
Jun 27, 2025
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Markets, Pipelines & Beyond
Markets, Pipelines & Beyond
Oil’s Era Ends. But 600 Million Still Wait in the Dark
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The world is about to hit a major turning point. For the first time in the modern history, people will start using less oil each year instead of more. New data from the International Energy Agency shows that global oil use will peak around 2030 at about 105 million barrels per day, then slowly start to drop. This marks the beginning of the end of our dependence on oil after more than 100 years of steady growth. The main reason? Electric cars are taking over. Plus, countries are using more wind and solar power instead of burning oil for electricity.

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