RE: Peak Oil?
November 10, 2021 at 11:42 am
(This post was last modified: November 10, 2021 at 11:43 am by Alan V.)
Quote:Per Google: Analysts at Bernstein Energy say IMF projections for GDP growth means global oil demand will again stand at 2019 levels of around 100 million bpd by 2023 before soon plateauing. "Oil demand has not peaked, but it is likely not that far off either ... we expect demand will not peak until sometime in 2025-30." Apr 21, 2021
However, different groups estimate different peak oil dates.
Quote:Per Google: Although declared several times, peak oil has not happened thanks to new technology that helped sustain oil production, keeping global supplies flowing. Peak oil might also happen due to declining demand, which would result from more efficient technologies and alternative energy sources. Aug 12, 2021