The World Has Reached ‘Peak Oil Trade,' Carlyle's Jeff Currie Says
The trade in fossil fuels across borders peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable and nuclear power, Carlyle Group Inc.'s Jeff Currie wrote in a research note Monday.
Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets, and the transition from fossil fuels to renewables is top of mind this week as industry leaders descend on the so-called energy capital of the world, Houston, for the annual CERAWeek by S&P Global conference.
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