Jeremy McCrea, CFA
9 months
A look-back: As new policy is debated at COP28, a reminder of the ‘450 Scenario’ from 2011 [limit CO2 to 450 PPM], which would have put global oil demand at 87 ml b/d by 2024, and if left unchecked, would lead to oil growth to 96 mln b/d by 2024. At 103 mln b/d today, we’re 7%