AirlinePilot wrote:A nice prediction for cornucopians to be sure. The US economy wont remain in recession/depression unitl 2030 and thats the only way you have demand remain flat.
At some point in a few years out we manage some sort of attempt at a recovery and this will mean increased demand. Maybe not towards older predictions but its kind of silly to believe we can manage an alternatives "magic trick" which is what will be required to see demand remain flat.
This is just more evidence that there is little surety as to where we go with demand and supply. We are in uncharted waters and not a lot of traditional thinking is making sense.
That's not quite what they're saying. They're saying that crude oil demand will be flat, but any increase in liquid fuel consumption would be made up by increased ethanol consumption. As the first paragraph says:
U.S. oil consumption will be flat through 2030, as the use of biofuels, rising oil prices and new car efficiency standards temper demand for petroleum, the Energy Information Administration said.