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Energy demand is back today as the world economy reopens -- but supply simply hasn't kept up. An oil pump jack operates at the Inglewood Oil Field in Culver City

Peak oil is coming. That won’t save the world

By Julia Horowitz, CNN Business The shift to clean energy is sending the oil industry into decline. But the world needs a much more ambitious plan to save the climate and achieve net-zero emissions by 2050. That’s according to the International Energy Agency, which said in its global energy outlook published Wednesday that more aggressive

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Goldman Sachs gets even gloomier on the US economy

By Julia Horowitz, CNN Business Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government phases out and consumer spending remains on an uncertain path. What’s happening: Over the weekend, the Wall Street bank downgraded its forecast for America’s economic growth, which is closely monitored by the investment community.

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