Your next car? NurPhoto via Getty Images So, we’re now seeing a new round of predictions that oil demand has or is about to peak, including from BP (at least in one of their scenarios). These cannot be dismissed out of hand as the peak oil supply arguments could, inasmuch as they were either based on bad math or represented assumptions that the industry couldn’t continue overcoming its age-old problems like depletion. (See my book The Peak Oil Scare including chapters “The Hubbert Curveball” and “Get Thee to a Statistics Class.” Some of the quotes below are from Winning the Oil Endgame, Rocky Mountain Institute 2005) Now, the news is highlighting various predictions that the pandemic will accelerate the point at which global oil ...read more...
SectorOil & Gas