Peak oil demand is a provocative theory and would rely on some unanswered questions being met: namely on the development of large-scale gas-fired trucks, rail and shipping vessels; the sustainability of the US shale boom; and policy action to support improved fuel-mileage and to phase out oil subsidies. [1] DAMNED FACTS A Citi Research report on so-called peak oil demand [ first post of this six-part series here ] has been drawing a lot of attention lately. Understandably: what could be bigger news for anyone concerned with climate change, energy security, etc.? The report comes out hot right from the start, suggesting ‘The End is Nigh’ and we are ‘Approaching a Tipping Point’ on global oil demand. Unfortunately, though, it’s less than persuasive. The first thing that ought to raise an eyebrow or two is how wildly Citi’s analysis […]