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According to BP's CEO, the fossil fuel consumption peak is now!

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As presented earlier this week by Bernard Looney (B.P. CEO) , we may have reached the liquid oil consumption peak this year. This can be explained by soaring energy demand amid COVID-19 scars, subsequent fossil fuel frozen investments and by increasing renewable energy production capacity at a higher rate than total world energy demand increase.

This is the first time a Major oil company integrate officially this trend in it's long term strategic plan, and shift radically from the "business as usual" model. 

Full article can be read here 

Good news on energy side! Unfortunately, COVID-19 pandemic has disastrous effect on hundred millions inhabitants, especially the poorest ones. 




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