AI Becomes a Boost for Global Oil Demand, Not a Bridge to Net Zero

Artificial intelligence could help the energy industry tap an additional one trillion barrels of oil by making more of these barrels economical to extract. Wood Mackenzie analysts made the prediction recently, adding fuel to an already heated debate: is AI going to accelerate the transition or, as the Wood Mac prediction suggests, hinder it by extending the world’s reliance on oil and gas? For the energy industry, the question is rather irrelevant. From the perspective of companies in the business of extracting energy commodities, AI is a…