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PLATFORM, Greenpeace and Oil Change International released a report pointing to a series of trends emerging from the growth forecasts of
OPEC, the IEA and the EIA as evidence that the oil market could be
undergoing a permanent structural shift.
The authors assert that previous oil demand growth forecasts have seriously underestimated the potential impacts of government policies aimed at securing energy supplies, reducing price volatility and tackling climate change. This ‘triple crunch’ of political imperatives has led to a widespread dampening of expectation among the world’s leading energy analysts.
Shifting Sands is the second update to the Rising Risks report.