DRILL, BABY, DRILL: Responding to pressure from US, International Energy Agency forecast sees no end to oil demand.

The International Energy Agency appears to have bowed to threats from the U.S. to pull its funding if the agency didn’t realign its forecasting toward unbiased, policy-neutral projections.

In the middle of the COP30 United Nations Climate Change Conference last month, the agency released its annual “World Energy Outlook.” Unlike previous iterations, the report doesn’t base its forecasts of future oil demand on scenarios that assume nations’ commitments to net-zero emissions by 2050 will be met.

As a result of the change in forecasting, the agency no longer predicts “peak oil,” a century-old theory that the world will stop using petroleum because either it runs out or transitions to other technologies.

Cool. Now do nuclear power.