By one oil consultancy’s estimate, Peak Oil will be here by 2028, or two years sooner than it previously had predicted, according to Reuters . That ceiling would be somewhere north of 100 million barrels per day, just above the rate hit in 2019. And while normally one might dismiss this as a mere educated guess, it’s telling that even oil executives admit that because of the pandemic, everything is on the table. In April, Ben van Beurden, chief executive of Anglo-Dutch oil major Royal Dutch Shell (RDSa.L), said the company did not expect oil demand to recover in the medium term, saying the industry was living in a “crisis of uncertainty”. Bernard Looney, chief executive of BP (BP.L), was later quoted in the Financial Times as saying he would not “write off” the possibility the world had reached peak oil. The story also contains this (dubious?) proposition: Looking […]