Axios | The IEA's case against peak oil demand Axios The International Energy Agency's newly released World Energy Outlook finds that oil demand for passenger vehicles is slated to peak in the mid-2020s due to more efficiency, biofuels, and electric vehicles. That's according to their "new policies ... US shale needs to add another 'Russia's worth of crude' to prevent global oil shortage, IEA warns US Expected to Produce Half of Global Oil and Gas Output by 2025 'Damaging spikes': International Energy Agency sends an oil price warning |