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Page added on November 29, 2016

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Justin Fox on Peak Demand For Oil

Bloomberg View columnist Justin Fox present a commentary arguing that Peak demand for oil is the big new thing. True, the International Energy Agency, in the annual World Energy Outlook it released earlier this month, didn’t envision a peak coming before 2040. Others think the big day is coming much sooner. This commentary aired on Bloomberg Radio.

8 Comments on "Justin Fox on Peak Demand For Oil"

  1. dave thompson on Tue, 29th Nov 2016 6:03 pm 

    “Peak oil supply” was never the issue.

  2. Boat on Tue, 29th Nov 2016 8:57 pm 

    The oil producers have managed 2 peaks around 1 year apart. The latest in Oct of this year. Both of these peaks happened during the ongoing glut.
    You can claim whatever you want but it’s like lip stick on a Hoover hog. Demand keeps going up and so does production.

  3. dave thompson on Tue, 29th Nov 2016 11:08 pm 


  4. Boat on Tue, 29th Nov 2016 11:39 pm 


    Rest assured I will keep you posted of every new peak in oil production.

  5. forbin on Wed, 30th Nov 2016 6:09 am 

    hmm so as we start seeing more Peak Demand articles , doesn’t this mean we will soon see Peak Oil production?

    Peak oil is a mathematical point in time when oil production is the highest,

    it does not care if its actual demand peak or any other peak , like supply

    call it by any names you like , its still peak oil


  6. Davy on Wed, 30th Nov 2016 6:33 am 

    Right Forb! Have you noticed how the status-quoist are careful to explain why there is peak demand? They chalk it up to technology and energy transition which is such a cozy happy feeling. You know more alternative energy and EV’s and less oil means climate change will be clobbered. That is a win-win and it proves you can you’re your cake and eat it. What could be better than a shiny green world with less evil oil? LOL. It is a happy ending. We can tuck the kids in and go to bed with a calm heart.

  7. Truth Has A Liberal Bias on Wed, 30th Nov 2016 11:50 am 

    There is no evidence that demand will peak. It’s a scenario that is not supported by any facts. It’s a meme.

  8. rockman on Wed, 30th Nov 2016 7:01 pm 

    Let’s try some specifics:

    In Year 2XXX the max global production is 100 million bopd…and will never be greater. The price of oil ($Y/bbl) is such that there is a buyer for every one of those 100 mm bopd. IOW this is not only PO but also PD. That’s Case A.

    Same for Case B except the price ($Y/bbl) is too high and consumers can only afford 90 mm. So is that PD? Now this is where all the f*cking what-ifs start stacking up. Does the price stay at $Y/bbl? I think 2 years ago we got an idea for that answer: the f*cking producers don’t stay with the f*cking $Y/bbl. LOL.

    I can build muiltiple other models. But I just don’t f*cking feel like it. LOL. But it would appear that the entire f*cking dynamic is just a little too f*cking complex to use the such f*cking simplistic what-ifs when trying to pick a timing for f*cking Peak Demand.

    But that’s just the Rockman’s f*cking opinion. LOL.

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