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updated Sun. January 30, 2022

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In the WOO 2017, published last November, there is no peak oil demand in the forecast period to 2040. Moreover, oil will remain the main fuel in the transportation sector, although we do recognize that EVs and other alternative transport means will contribute to a deceleration in oil demand growth, ...
Nearly a century later, in July 2010, The Guardian ran a story with an ominous headline: “Lloyd's adds its voice to dire 'peak oil' warnings.” Citing a report by the storied London insurer, the newspaper warned that businesses were “underestimating catastrophic consequences of declining oil,” including oil at ...

ExxonMobil was forced to finally acknowledge the possibility that future climate change policy could lead to peak oil demand, a serious threat to the company's operations over the long-term. In response to a shareholder resolution passed last year, the oil major just released a report that recognizes the ...
Only a decade ago, the world was in the grip of one of its periodic "peak oil" panics. Dire predictions everywhere announced that humanity was on the cusp of a disastrous and accelerating decline in oil production. One prominent analyst declared in 2009 that global oil production had peaked at 82 million ...
Peak oil used to be about running out of supply; now some think that we will run out of demand. The oil companies will ensure that we never run out of demand. Remember Peak Oil? It was all over TreeHugger, the idea that the easy oil was going to start running out and it would get more and more ...
Divestment in the oil industry is not only inspired by environmental policies, but by a perceived uncertain future for oil demand. In the last two years, analysts have pushed forward the prospect of Peak Oil Demand (POD), a scenario scary to oil producers and investors, at least at first look. But POD is said to ...

But more recently, with oil production breaking records in both the United States and abroad, they've begun talking about a new kind of peak: oil demand. In this very different type of forecast, oil production doesn't necessarily begin to decline at a particular point. But our need for it does. And it's not just a ...
Back when oil prices were high, people were talking a lot about peak oil supply — the possibility that we'd run out of new sources of crude oil eventually. But now people are talking about peak oil demand — the possibility that we'll just stop using the stuff as we come up with better options. Most recently, analysts from Bank ...
While various experts and industry players debate if there will be peak oil demand anytime soon, Bank of America Merrill Lynch thinks that it may be just 12 years away—in 2030—when electric vehicles (EVs) will account for 40 percent of all car sales, thus eating at the demand for oil as a transportation fuel.
While various experts and industry players debate if there will be peak oil demand anytime soon, Bank of America Merrill Lynch thinks that it may be just 12 years away—in 2030—when electric vehicles (EVs) will account for 40 percent of all car sales, thus eating at the demand for oil as a transportation fuel.
The point at which oil demand will peak has long been a focus of debate. BP chief economist Spencer Dale and Bassam Fattouh, director of The Oxford Institute for Energy Studies, argue that this focus seems misplaced: Much of the popular debate is centred around when oil demand is likely to peak.
Back when oil prices were high, people were talking a lot about peak oil supply — the possibility that we'd run out of new sources of crude oil eventually. But now people are talking about peak oil demand — the possibility that we'll just stop using the stuff as we come up with better options. Most recently ...
Fabrizio Terranova, Donna Haraway: Story Telling for Earthly Survival, 2016 (still) HD video, color, sound, 90 min. Photo: Kjell Ove ...
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global ...
The effects of Hurricane Harvey have sent the energy markets into chaos, with gasoline prices soaring and oil prices slipping. (Click to enlarge).
Skeptics of peak oil demand point to higher-than-ever demand for gasoline, which has surpassed seasonal demand records in the United ...
Because peak oil demand theory has become self-evident truth, it is hard to even suggest at this point that the theory might be wrong, even ...

Allen Gilmer, Co-Founder and Executive Chairman at DrillingInfo is not a man who minces words, an attribute that has served him well during a ...
UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions ...
Peak oil supply or demand has long been a topic of discussion in commodities. In the past year, we have seen new information and a ...
The oil industry is quite familiar with the concept of a “Peak Oil Supply” but people find it hard to believe that there is another side of the theory, ...
There are greater threats to the outlook for oil than growing OPEC or U.S. shale oil production. Peak demand growth for oil will arrive faster than ...
Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the ...
The theory about dropping oil production in the United States - termed Peak Oil - espoused that we were rapidly depleting oil that could be economically extracted and eventually domestic oil production would start an unstoppable decline.
From Cluster-II, a peak oil output of 77,305 barrels per day is envisaged within two years of start of production. Gas output is slated to peak to 16.56 million standard cubic metres per day by end-2021.
Mark MacLean, senior vice president and UK head, concluded his address by predicting a rise in the oil price, and an increase in the number of offshore projects.
He urged the industry to accept that "peak oil" is imminent. "We have to acknowledge that oil demand will peak, and it could already be in the next decade," he said.
From a purely physical point of view, there are huge volumes of conventional and unconventional oils still to be developed, with no 'peak-oil' in sight," he argued. Maugeri was right: WTI oil fell below $30 per barrel in early 2016. Last fall, the ...
Just like science solved "peak oil" where we thought our oil production would begin to slow, might science make non-fossil fuels less costly than fossil fuels?
Peak oil. Imagine that you are sitting in a pub with a beer in your hands. You sip away at it, and you like it. It feels good, and you smile because you are so pleased that you have this beer.
... said, pointing to demand growth in emerging markets and developments like increased exports of liquefied natural gas. The early 1990s, when Perryman did his initial study for the city, were marked by falling production, a weak market and talk of ...
The emergence of electric vehicles (EVs) has been pointed to as a signal that "peak oil demand" could be just around the corner.
If there's anyone still waiting for peak oil to save us from climate change, get over it. People just keep getting better at finding crude.
In the Pikka unit the peak oil production is expected to be 120 MBOPD. The reported probable contingent reserve holding is estimated at 1.4 billion barrels of oil.
Oil prices have plunged to the lowest level this year as US shale producers boost output at an astonishing pace and crude inventories keep rising, triggering a wave of selling by hedge funds with record speculative positions.
Pessimists worry that the world is running out of cheap crude. Thanks to electric cars and better power technologies, though, it's more likely that oil suppliers will run out of new customers.
Joint Post with Neil Mearns who has constructed Global Energy Graphed, which is the source of all the graphs in this post. An oil export model has been developed based on BP Statistical Review 2016 oil production and oil consumption data.
Gasoline demand in the U.S. is expected to peak next year due to continuous engine efficiency gains, Reuters reports, quoting analysts at energy consultancy Wood Mackenzie.
Conventional wisdom suggests that the world economy is in a slow but steady recovery from the 2008 financial crisis. Some economists, however, including Nafeez Ahmed, author of several books including "A User's Guide to the Crisis of Civilization: And ...
The question of whether peak oil demand will be reached has been a hot topic of debate over the past decade by oil companies, regulators, economists, auto executives, and environmental groups.
While the total number of cars on the road will increase in the coming years, experts predict that the United States' oil usage will peak next year.
When peak oil was a concern, it was thought that a desperate world would pay any price for the last of the oil. But in a surprise turn of events, the real problem has turned out to be "peak demand.
Since the low in January of 2016, oil prices have rebounded to a recent price around $54. Investor bullishness was driven by the belief in peak oil theory, the slow transition to electric and hybrid engines, and the use of the commodity oil as an ...
These days, even the CEO of Toyota North America, Jim Lentz, realises that Peak Oil "has been delayed to some indeterminate time" by the ensuing advances in oil exploration and extraction technologies according to recent statements given to that most ...
Just ten years ago, the threat of "peak oil," a lack of new discoveries, had majors like Exxon Mobil investing in Canada.
In the past, forecasters had a relatively simple method of estimating whether demand for oil would increase or decrease and by how much.
The commonly used term for this new phenomenon is "peak demand," the obverse of what was called "peak oil" a decade ago.
"Resource exporters whose finances rely on resource endowments will need to find alternative sources of revenue," the report said of countries that risk total collapse as peak oil demand approaches. From then on, it will be economic freefall for those ...
During most of the past decade, Exxon and other giant oil companies spent billions of dollars in Canada as part of a global quest for new sources of supply, as analysts cautioned about "peak oil," or the risk of running out of the resource. Prices ...
Is peak oil demand coming faster than expected? By Ryan Maye Handy, Houston Chronicle. February 18, 2017. Charging stations are available for electric vehicles at the U.S.


 

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