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Renewable energy methods such as solar and wind will almost certainly impact the amount of oil and gas consumed and therefore could lower pricing, some experts believe.
The U.S. wind energy has matured and potential has turned into expectations. Analysts from Wood Mackenzie, IHS Markit and Bloomberg NEF offered a long-term outlooks mixed with optimism and caution.
Global energy investment steadied at nearly $1.85 trillion last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases in oil, gas and coal, the International Energy Agency said.