BP’s chief U.S. economist worries China is winning the global energy war. Here’s why

Quick Summary:

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

Climate change isn’t slowing down and changing societal behaviors and purchasing patterns are hard to predict, they said.“The question is when does that inflection point happen?

Front and center is China,” Cohen said, noting that China is selling half of the “new energy” personal vehicles sold worldwide, led by BYD Auto and others.

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Article Details

Author / Journalist: Jordan Blum

Category: EconomyBusiness

Markets: United StatesChina

Topics: Gasoline Natural gas Saudi Arabia Big Oil Electric vehicles Data center Crude oil OPEC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 16:18:41 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 158 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28716090

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