>Wasn't Yergin and all the Cornys here hooting about how we have somehow passed peak demand and we're becoming so efficient we'll not even care about fossil fuels before long?
Can't speak for that twit Yergin, but I don't remember hooting about peak demand. Have you found any quote by me hooting peak demand?
Considering we have plenty of nuclear fuel for thousands of years, we don't need fossil fuel, but TPTB like fossil fuels because they are so consumable, like razor blades, you gotta keep buying more.>That the highest energy prices in a generation had nothing to do with the recession and the recession had nothing to do with the fact people simply couldn't afford to spend as much on energy?
The high energy prices of 2008 and the recession weren't dependent on each other, but TPTB may have manipulated it so that one hit just as the other did, thereby pinching the common man a bit harder, forcing a few more defaults.
The recession was the reason why people can't spend as much money, including on energy. Still don't see any quotes from me, rockdoc, or OF2 insisting the recession had nothing to do with lower energy expenditure.
One was the cause of the other.
I read an interesting article at peakoildebunked about how Japan is a post peak demand country, and how its getting on fine.
Anyway, wasn't it you Pops that was saying recently the high oil prices are causing demand destruction?
Let me introduce you to an IEA graph that may well deserve be a new regular graph on this forum.
It's the IEA graph of world oil demand. Oil is often ordered in advance. Enough that the IEA can give a reliable chart for around 18 months into the future.
Don't see any demand destruction here.