The US is threatening to quit the IEA unless it reins in its “unrealistically green” forecasts. (Bloomberg)
Energy Sec. Chris Wright said the IEA’s long-term oil demand models—which project a global peak this decade—are “total nonsense” and don’t reflect reality.
The Trump administration has called for a full overhaul of IEA assumptions or a US withdrawal, arguing the Paris-based agency is now acting more like an energy transition lobby than a neutral forecaster.