Crude oil price Seesaws, but non-renewable fuels are here to stay

Daily oil price

In the latest report from the International Energy Agency, IEA, it clearly shows how we will still be dependent on fossil fuels despite the significant progress made in the renewable energy sector.

In shows, in the next few decades, we will still be using fossil fuels despite the threat it posed to the enviroment on many fronts.

The IEA explains its position with plenty of data:

Fossil fuels use

IEA (2020), Key World Energy Statistics 2020, IEA, Paris

That means oil will be bought and sold in the markets without showing any sign of abating, once the Covid-19 pandmeic susides.

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