Vision for US Energy Critical After Worst Shock Since WWII

Global CO² emissions drop 'nothing to celebrate'

Pump jacks and wells are seen in an oil field on the Monterey Shale formation where hydraulic fracturing, or fracking, is used to extract gas and oil near McKittrick, Calif., on March 23, 2014. David McNew/Getty Images

Global energy systems are experiencing their biggest shock in seventy years as the equivalent of “the entire energy demand of India, the world’s third-largest energy consumer” has been lost due to the CCP virus crisis, according to the International Energy Agency’s (IEA’s) Global Energy Review for 2020.

The IEA report forecasts that global energy demand will fall by an unprecedented 6 percent in 2020—seven times the decline measured in the wake of the 2008 global financial crisis.