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Page added on November 29, 2016
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"
dave thompson on Tue, 29th Nov 2016 6:03 pm
“Peak oil supply” was never the issue.
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.
dave thompson on Tue, 29th Nov 2016 11:08 pm
HA HA YEA DEMAND IS GOING UP AND THAT IS ALL ABOUT PEAK DEMAND LOL!
Boat on Tue, 29th Nov 2016 11:39 pm
Dave,
Rest assured I will keep you posted of every new peak in oil production.
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
Forbin
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.
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.
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.