Surprisingly, while worded a bit cagily, even strangely, as well as a bit optimistically, your article nonetheless does have some realistic sense to it.
But the company [BP], as in previous editions of its report, does not see oil going away any time soon. The outlook’s core scenario envisages that oil demand does not peak until the 2030s, though under its greener scenario that milestone could be reached between now and the early 2020s.
Regardless, BP sees a “major role” for hydrocarbons until 2040, which it says will require substantial investment. It expects global demand for oil and gas to be 80-130 million barrels per day by then, up from around 100mb/d today.
The company has ambitious plans to grow its oil and gas production 16% by 2025, according to figures compiled by the Norway-based consultants Rystad Energy.
The report is gloomy on prospects for avoiding dangerous levels of global warming. The central scenario expects carbon emissions to grow 10% by 2040, as world energy demand grows by a third and fossil fuels continue to play a key role.