What is peak oil? And what will happen to the industry if we reach it?
For much of the last century, observers of the oil industry have debated when or if we might reach so-called peak oil — the point when the maximum rate of Continue Reading
Peak Oil Demand Is Approaching Thanks to EVs and Autonomous Vehicles
Nearly a decade ago, I talked about the concept of “peak oil.” Simply put, this theory states that global oil production will hit a maximum level before declining. When oil Continue Reading
Sleepwalking Into The Next Oil Crisis
One school of thought is that future oil demand is set to decline because consumers will have better options. Many in this “peak demand” camp believe that the growth of electric Continue Reading
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.
Well, I’m amazed and impressed. Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half-century Continue Reading
Don’t Confuse Peak Oil And The Peak Oil Debate
In the past five years of writing about energy one of my favorite observations has been that people get into trouble because they “confuse Peak Oil and the Peak Oil Continue Reading
BP Predicts Renewables Will Peak by 2040
One of the world’s leading energy companies, BP is predicting renewable energy sources to be influential in shaping the global energy sources by 2040. The report released by BP proposed Continue Reading
Fitch: EVs Growth Could Lead To Peak Oil Demand By 2030
Greater product awareness and technological changes could fast track the adoption of electric vehicles (EVs) that could plausibly lead to a peak oil demand before 2030, Fitch Ratings said on Continue Reading
BP: Oil Demand Is Going to Peak in the Next 20 Years
Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy Continue Reading
A new analysis says global demand for oil will peak by 2030
The global demand for crude oil will peak in 2030 as electric vehicles continue to chip away at the market for gasoline-powered cars and trucks. So say analysts with Bank Continue Reading
Peak Oil Demand Is A Slow-Motion Train Wreck
The precise date at which oil demand hits a high point and then enters into decline has been the subject of much debate, and a topic that has attracted a Continue Reading