French energy giant Total SE (formerly Total S.A.) spread more doom and gloom into the oil markets today, foretelling of the oil industry’s ultimate horror—peak oil demand. In its Energy Outlook report published on Tuesday, according to Bloomberg , Total SE sees total global energy demand increasing in every scenario it ran—but according to Total, this will not help the oil industry. Instead, Total is attributing most of this energy demand increase to low-carbon power. As such, oil demand growth, according to Total SE will end in a decade, in 2030. Total’s is a more temperate analysis than peer BP’s, which thinks that oil demand growth has already peaked. Still, the forecast is troubling for the oil industry and piggybacks other grim forecasts as well, including the IEA’s and OPEC’s. Total’s outlook for natural gas wasn’t as grim, with the lower-carbon intensive product catering to calls for a greener […]