I saw a seemingly credible prediction from an energy analyst that global energy use would fall over the next five years. The rationale being that electrification can use less energy for the same work because heat pumps, EVs, etc are more efficient. Just pumping and refining oil is a huge sink of energy that disappears as more things become electrified.

The popular number is that every 18 months, China was destroying 1 million BPD demand.