Daily Caller
The Silly Peak Oil Debate Rages On

From the Daily Caller News Foundation
“What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact,” said OPEC Secretary General Haitham Al Ghais
Analysts and professionals in the global energy space have long debated the prospects for reaching peak demand for crude oil. It is an issue that has long sparked debate, some of which becomes emotional among highly invested stakeholders on one side or the other.
In recent years, such stakeholders risk developing cases of whiplash when considering the competing perspectives about this “peak oil” matter published by OPEC and the International Energy Agency (IEA).
IEA has spent the last 12 months predicting an earlier advent of the peak oil phenomenon than pretty much any other experts envision, saying it will come about sometime in this decade, no later than 2030. Not surprisingly, the agency’s analysts doubled down on that projection in its most recent monthly Oil Market Report.
In a section titled “When the Music Stops,” the IEA focused on short-term factors like slowing demand growth in China, where oil consumption has declined year-over-year for the past four months. Noting that Chinese demand growth has slowed to an estimated 180,000 barrels per day (bpd) across 2024, the agency leaned on that data point as a reason to lower its estimated global demand growth to 800,000 bpd.
The same section also pointed to the isolated slowing of U.S. gasoline-deliveries growth in June — a factoid that could simply be statistical noise — as support for its annual growth forecast. But a slowdown in crude demand growth is no surprise, given that economic growth has been slowing throughout 2024. This direct cause-and-effect phenomenon has been a consistent aspect of oil markets across history. It is also a short-term factor whose impact will ultimately be diminished by subsequent events.
In contrast, OPEC’s projections over the past year regarding near-term global demand growth and the anticipated peak in oil demand have reached diametrically opposite conclusions. Last summer, the cartel projected global growth in crude demand for 2024 would be a robust 2.25 million bpd. Slowing economic growth has led OPEC’s analysts to lower that initial prediction over the past two months, but only to 2.1 million bpd — more than double that of both IEA and the U.S. Energy Information Administration (EIA).
Where the concept of peak oil demand is concerned, OPEC has held to an even more oil-bullish stance, stating its projections do not see that threshold being reached anytime during its projection timeframe through 2050. In its annual Global Outlook published last week, OPEC sees oil demand growing by that year to 120 million bpd, a rise of 18 million bpd from current levels.
“What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact,” said OPEC Secretary General Haitham Al Ghais in the forward to the report.
Al Ghais also pointed out the fact that: “Over the past year, there has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready, economically competitive, acceptable to consumers and with the right infrastructure in place.” This undeniable reality means that projections of oil demand in the transportation sector being crushed by alternatives like EVs and hydrogen cars are almost certainly overly optimistic. The rapidly faltering market demand for EVs strongly supports that likelihood.
Al Ghais also contends that a “realistic view of demand growth expectations necessitates adequate investments in oil and gas, today, tomorrow, and for many decades into the future.” That contention stands in contrast to the IEA report released in May, 2021, in which IEA Director Fatih Birol urged an immediate halt in all new investments in the finding and development of new oil resources in order to fight climate change. By August of that year, Biral was comically urging oil companies to increase their oil production in order to help re-balance an undersupplied global market.
Episodes like that have led many to question whether IEA bases its projections related to oil markets on data or on wishful thinking. The validity of such questions was only reinforced when Birol announced early this year that the agency’s mission was being expanded into outright advocacy for promoting the energy transition.
So, who is right? We’ll find out in 2030, but the smart money is on the group with billions riding on the answer.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Daily Caller
All Epstein Files Are In, Attorney General Reveals What Will Go Public Starting Thursday

From the Daily Caller News Foundation
By Hailey Gomez
If something’s redacted, you will know the line, and you will know why it’s redacted, the victim’s name, identifying information of a victim.
U.S. Attorney General Pam Bondi said Monday evening on Fox News that the thousands of withheld files on deceased pedophile Jeffrey Epstein are now in the hands of the FBI, adding certain redactions will be made, with an explanation provided for each one.
The Department of Justice released the first phase of “The Epstein Files” — an over 100-page document — on Thursday, but it failed to contain a majority of new information, sparking controversy online. On “Hannity,” Fox’s Sean Hannity addressed the controversy, asking Bondi for her response. She said she had been informed fewer than 24 hours before the release that “there were way more documents that they were supposed to turn over.”
“You’re looking at these documents going, ‘These aren’t all the Epstein files.’ There were flight logs, there were names, victims’ names, and we’re going, ‘Where’s the rest of the stuff?’ That’s what the FBI had turned over to us,” Bondi said. “So a source said, ‘Whoa, all this evidence is sitting in the Southern District of New York.’ So based on that, I gave them the deadline, Friday at 8, a truckload of evidence arrived.”
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“It’s now in the possession of the FBI. Kash is going to get me, and himself really, a detailed report as to why all these documents and evidence had been withheld,” Bondi added. “We’re going to go through it, go through it as fast as we can, but go through it very cautiously to protect all the victims of Epstein, because there are a lot of victims.”
Before the release of “Phase One,” Bondi told Fox News last Wednesday that the DOJ would be releasing “some” of the files by Thursday, hoping the public would see “a lot of flight logs, a lot of names, a lot of information.” However, the DOJ and Trump administration faced pushback online after conservative influencers obtained a binder labeled “The Epstein Files: Phase 1.” Some of those influencers were seen smiling and holding it up outside the West Wing.
WATCH:
Hannity pressed Bondi about additional potential redactions in the files.
“National security, some grand jury information, which is always going to be confidential, but we’ll see. Let’s look through them as fast as we can. Get it out to the American people, because the American people have a right to know,” Bondi said. “Not only on that, but on Kennedy, on Martin Luther King, on all of these cases that the Biden administration has just sat on for all these years.”
“It’s really — it’s not sad. It’s infuriating that these people thought that they could sit on this information, but they can’t,” Bondi said. “And when we redact things, Sean, what we’re going to do is not just pull pages out like they used to do. If something’s redacted, you will know the line, and you will know why it’s redacted, the victim’s name, identifying information of a victim.”
Epstein was arrested and charged in 2019 with sex trafficking, only later to be found dead in his New York Metropolitan Correctional Center cell a month after his arrest. Since his death, Republicans, including Tennessee Sen. Marsha Blackburn, have called for the full, unredacted records of Epstein to be released to the public, which includes his infamous flight log.
After the release of phase one, Bondi requested that the FBI deliver the remaining documents to the DOJ by Friday at 8 a.m., tasking newly confirmed FBI Director Kash Patel with investigating “why the request for all documents was not followed.”
“We believe in transparency, and America has the right to know. The Biden administration sat on these documents. No one did anything with them. Why were they sitting in the Southern District of New York? I want a full report on that,” Bondi said.
“Sadly, these people don’t believe in transparency, but I think more, unfortunately, I think a lot of them don’t believe in honesty,” Bondi added. “It’s a new day. It’s a new administration, and everything’s going to come out to the public. The public has a right to know. Americans have a right to know.”
Daily Caller
US Pauses Military Aid To Ukraine

From the Daily Caller News Foundation
By Hailey Gomez
The U.S. Defense Department confirmed to the Daily Caller News Foundation Monday evening that military aid to Ukraine has been halted.
All current military aid to Ukraine is paused until President Donald Trump can determine a good-faith commitment to peace from Ukrainian leaders, according to Bloomberg. The pause, which includes weapons either in transit or in Poland, comes just days after Trump and Ukrainian President Volodymyr Zelenskyy got into a heated discussion while meeting in the Oval Office on Friday to finalize the U.S.-Ukraine mineral deal.
During the gathering, Zelenskyy publicly criticized the U.S. for not attempting to halt Russia. Trump quickly responded, stating that Ukraine was not in a position to call out the U.S., given the billions in aid already provided to the country, and he warned Zelenskyy that he was “gambling” with World War III.
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Following the gathering, Trump later posted on Truth Social that Zelenskyy was not ready for “peace” with the White House telling Daily Caller White House correspondent Reagan Reese that “nothing will be signed.”
While Trump has advocated for peace between Russia and Ukraine since his campaign, Zelenskyy has appeared to flip-flop on ending the war. In a statement Sunday evening, following the Oval Office argument, Zelenskyy said an “agreement to end the war is still very, very far away, and no one has started all these steps yet,” according to the Associated Press.
In response to Zelenskyy, Trump posted on Truth Social Monday, calling out the Ukrainian president. He wrote that it was not only “the worst statement” that could’ve been made, but that America “will not put up with it for much longer.”
“It is what I was saying, this guy doesn’t want there to be Peace as long as he has America’s backing and, Europe, in the meeting they had with Zelenskyy, stated flatly that they cannot do the job without the U.S.,” Trump wrote.
While Democrats have criticized Trump and Vice President JD Vance over their meeting with Zelenskyy, Republicans have called out the Ukrainian president’s behavior. Republican South Carolina Sen. Lindsey Graham, a historically staunch defender of Ukraine, said Zelenskyy “obliterated” the U.S. efforts to bring peace.
In reaction to the aid pause, retired U.S. Army officer Daniel Davis told Fox host Laura Ingraham on “The Ingraham Angle” that he hopes the halt will change Zelenskyy’s “disposition” as the U.S. seeks to bring peace between the two countries.
“I certainly hope it changes its disposition,” Davis said. “Instead of recognizing reality, Zelenskyy, unfortunately aided by the Biden administration, and then all of Europe continued to ignore the reality and just go year after year fighting this war that could never have been won.”
WATCH:
“His people have been killed in huge numbers since. Now that you have Trump coming in, who’s unequivocally saying this war is coming to an end and he doesn’t want to,” Davis added. “So now then, that really, in my view, just sealed the deal for Trump because Trump’s trying to get the war over with, and this guy seems to want to fight it. If he does, then he can try to do it on his own.”
Before all aid was paused, the Trump administration also halted financing for new weapons sales to Ukraine, according to The Wall Street Journal.
The financial pause comes after American taxpayers have contributed over $130 billion to aid the country since former President Joe Biden involved the U.S. in February 2022. Notably, Zelenskyy told the Associated Press on Feb. 1 that he had received only about $75 billion of the $177 billion the United States had approved for Ukraine.
On Friday, Zelenskyy told Fox News host Bret Baier that he was still open to signing the U.S. mineral deal and thanked U.S. leaders on X following the Oval Office meeting.
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