Energy Transition Impact on Long-Term Demand Forecasts

That's a great question. I've been watching the EIA and IEA numbers pretty closely, and while there's definitely a downward trend in the long-term, it's more of a persistent grind than a sudden drop. They seem to be constantly recalibrating their assumptions about EV adoption and renewable build-out.

I think it's still too early to call for 'significant' downward revisions. We're seeing more nuance. The transition isn't uniform globally; some developing nations are still very much in growth mode for traditional energy. It's not a straight line down for everyone.