IEA’s Birol: Libya Disruption Not a Major Challenge to Oil Market

The video discusses the oil market's potential balance in 2020, influenced by OPEC compliance and geopolitical factors. It highlights Iraq's significant role in oil production amidst instability and examines oil demand growth, particularly from emerging markets like China and India. The concept of peak oil is explored, with a focus on transportation and the growth of renewables. The importance of carbon capture technology is emphasized as a solution to align fossil fuel use with climate goals, while addressing the need for a global approach to emissions reduction.

What is the anticipated timeline for peak oil in transportation?

What role does carbon capture and storage play in the transition to a non-fossil fuel economy?

Why is a common harmonized carbon price difficult to achieve globally?