Alternate Energy On The Rise

Global recession and the rise of renewable energy have reduced U.S. diesel demand to its lowest level in 26 years‼️

In March 2024, diesel demand fell below the levels seen in 1998. The world’s largest economy is shifting towards non-fossil-based energy. Solar and wind energy are on the rise, and within a few years, renewables and nuclear power are expected to generate the majority of the world’s electricity.

This trend may impact favorably, in terms of reduced oil prices,  for nations like Pakistan who fall behind this changing trend and depend heavily on traditional energy source.