Jeff Currie: The World Has Reached Peak Oil Trade

Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Group’s Jeff Currie wrote in a research note Monday. Whereas Currie does not expect fossil fuels to go out of the picture any time soon, he argues that fossil fuel imports are easier to block than wind and solar sources. Currie has, however, predicted that the U.S. energy mix is likely to remain skewed toward fossil fuels thanks to the country’s abundant supply. “The…