Storms pummeled the Mississippi River Valley Sunday following a weekend of deadly tornadoes in Oklahoma. Violent twisters also struck throughout Nebraska and Iowa amid more widespread severe weather across the Central states Saturday.
Threat level: The states hit by severe weather Sunday included northeastern Texas and parts of Louisiana. This follows the tornadoes that left towns in ruins in Oklahoma.
🛢️ Veteran oil analyst Arjun Murti has another reason to be skeptical of peak oil: surprisingly resilient demand in advanced economies, Ben writes.
The big picture: "OECD demand, which we agree is mature and we had thought could decline, is actually showing greater stability in 2024 than originally expected," he writes in a new post.
Why it matters: That potential plateau (rather than an outright decline) would do less to offset rising demand in developing nations, where per-capita oil use is comparatively quite small. Full analysis.
⛏️ A new Breakthrough Institute report puts some numbers to mining volumes needed for climate-friendly power compared with fossil fuels.
