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Page added on February 13, 2021

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The Pandemic, Peak Oil Demand, and the Oil Industry

Alternative Energy

Recent months have seen a growing crescendo of claims that a peak in oil demand may be near, or even be past. Pandemic-related changes in behavior such as working from home are predicted to persist after the emergency ends, and advances in technology are said to make oil-fueled vehicles increasingly obsolete. Michael Lynch and Ivan Sandrea have examined these arguments in a new study by the Energy Policy Research Foundation and found strong reasons for skepticism. People in post-pandemic China do not show major changes in their behavior and the increasing demand globally for SUVs implies consumers are not focused on reducing emissions. Further, battery electric vehicles perform significantly worse than internal combustion engines in key metrics, whereas the previous transition, from horses to cars, was due to major improvements in range, speed and carrying capacity, as well as convenience.

The primary findings:

  • Many of the forecasts are aspirational rather than predictive, that is, describing what needs to happen to achieve climate goals not what is likely to happen;
  • Forecasters too often presume transient market events like the pandemic will have permanent effects;
  • Consumer behavior generally shows little desire for sustainable practices;
  • The capability of electric vehicles is being exaggerated and their shortcomings downplayed; and
  • Past transitions do not suggest a peak and a decline in oil demand is likely.

The case for a near-term peak in oil demand is certainly more plausible than that of peak oil supply, but its popularity reflects a degree of exuberance that is not warranted by the data.

Click here to access the paper on this topic written by primary author Michael Lynch, Distinguished Fellow with EPRINC and the author of The Peak Oil Scare and the Coming Oil Flood (Praeger 2016), and Ivan Sandrea, trustee of EPRINC and the former CEO and founder of Sierra Oil and Gas.

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9 Comments on "The Pandemic, Peak Oil Demand, and the Oil Industry"

  1. makati1 on Sat, 13th Feb 2021 4:03 pm 

    Pushers of oily propaganda and absolutely no knowledge of the future, only guesses. Why didn’t they know about the plandemic and plan for it if they are so prescient*?

    *For the less educated reader: “Prescient: having prescience, or knowledge of things or events before they exist or happen; having foresight.”

    If they re so intelligent, what is the price of oil tomorrow? They can only guess.

  2. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 5:25 pm 

    Fucking parasite all of them. I will get all of them excuted.

    https://www.youtube.com/watch?v=eB8d_RKjO7Q

    LIVE: Trump impeachment trial continues in Washington DC for fifth day

  3. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 6:15 pm 

    OutcastPhilosopher ยป Sat 13 Feb 2021, 18:51:23
    https://www.zerohedge.com/markets/power … us-explode

    Electricity prices are doing a fucking MOON SHOT!!!

    This “System” is utterly doomed.

    ——————————————–

    If I remember correctly US electrity is genetated by natural gaz to the tune of almont 80%. The situation world wide is more dire. Only a few get it. Globaling is what will finished the human race on earth.

  4. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 6:54 pm 

    StarvingLion : I’d rather be a Flat Earther…and here I am for all of you to see:

    ——————————

    The earth is not round. We don’t know what it is. They send an atmospheric balloon with a camera really high in the sky. They were expect to see the curvature of the earth but all they saw was a flat line. THe did the same thing with a boat leaving port and a really powerful camera pointed at the mat of the ship. THe mat did not vanished has it should have been expect if the earth was round. THe book is called the earth is not round. Plenty of scientific evidence are there to proof that the earth is not round

  5. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 7:07 pm 

    The earth has become a clown show a cartoon. It probably has been created by the aliens for their entertainment.

    Jamie Raskin’s Emotional Impeachment Closing Remarks

    https://www.youtube.com/watch?v=LXSU0XixCzU

    This guy is total clown, his nose looks like a nose we seen on cartoon.

  6. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 7:57 pm 

    150 Million American Facing Wintry Conditions | NBC Nightly News

    https://www.youtube.com/watch?v=F0bECUy8fnM

  7. YourFuckingEmpireIsDeadBecauseOfPeakOIl on Sat, 13th Feb 2021 8:11 pm 

    I told you already, I am not healthy enought to do the job, nor do I have the drive or desire to do it. This is me going insane

  8. aadbrd on Sun, 14th Feb 2021 12:31 pm 

    “This is me going insane”

    I’ll give you credit for honesty.

  9. Dredd on Tue, 16th Feb 2021 3:49 am 

    Until we have a robust comprehension of “pandemic” comparisons of it to other subjects are likely to suffer a lack of accuracy (On The Origin Of The Home Of COVID-19 – 21).

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