Bloomberg calls Peak Oil Demand about 2025

Coal and gas will begin their terminal decline in less than a decade, according to a new BNEF analysis.

Call it peak fossil fuels, a turnabout that’s happening not because we’re running out of coal and gas, but because we’re finding cheaper alternatives. Demand is peaking ahead of schedule because electric cars and affordable battery storage for renewable power are arriving faster than expected, as are changes in China’s energy mix.