Posted 12/28/2023, 12:00:00 AM
Energy Outlook 2024: Lower Oil and Gas Growth, Nuclear Renaissance, Solar Slowdown Amid Energy Transition Debate
- A balanced oil market in 2024, with slowing demand and potential for a Saudi-led price war
- Lower investments in gas following a rush to secure future LNG supply
- A nuclear renaissance as recognition grows that it's key for affordable, emission-free baseload power
- A slowdown in solar growth due to market saturation, high costs, and profit margin challenges
- Debate continues over balancing energy transition goals with energy security needs