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Page added on January 10, 2021

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Peak Oil? Drivers—and Voters—Could Delay It for Years


You might be filling up your tank a lot longer than BP thinks.

Ambitious green policies—from politicians and even the newly climate-conscious oil companies—suggest the world is moving at warp speed away from fossil fuels. But the transition might not be easy on consumers’ wallets, which is precisely why it could take a while.

The idea of “peak oil,” historically a reference to a fear that oil supply was running out, now means something entirely different. British energy giant BP suggested that oil demand might have already reached its apex in 2019 if one were to imagine a world that doubles down on policies that restrict carbon emissions.

Others are more conservative. Under its “stated policies scenario,” the International Energy Agency estimates that oil demand will peak around 2030 and plateau. That scenario takes into account announced policy measures and its own judgment of how attainable they seem. As the IEA acknowledges, though, some of the declared policies are far-reaching targets. Chris Midgley, head of analytics at S&P Global Platts, says his group projects the world is unlikely to reach peak demand until the late 2030s, noting that demand for petrochemicals in particular seems resilient.

Transportation plays a key role in the timing of that peak; it accounts for the largest share of petroleum consumption globally. For electricity to crowd out oil as a transportation fuel, governments must either provide taxpayer subsidies that make electric vehicles more affordable or place a cost on not switching over, such as even higher taxes at the pump.


22 Comments on "Peak Oil? Drivers—and Voters—Could Delay It for Years"

  1. Duncan Idaho on Sun, 10th Jan 2021 8:14 pm 


  2. makati1 on Mon, 11th Jan 2021 12:24 am 

    “The United States reportedly has 1,495 biological laboratories in 25 countries and regions, including the Middle East, Africa, Southeast Asia, and the former Soviet Union, that are not accountable to the governments of the countries where they operate and operate with a lack of transparency.”

    “It appears that the countries where the US secret bio laboratories are now located have become NATO testing grounds for biological warfare….And Amerikans have been the test subjects without their knowledge over the years. ‘Vaccine’ anyone? jab! Jab! LOL

    BTW: Another ad by the Wall Street Urinal is not worth my time.

  3. Theedrich on Mon, 11th Jan 2021 1:30 am 

    Liberals want to kill Whites. That is what makes them liberal.  The more intensely this murderous desire burns in them, the farther left they are, culminating in Communism.  This ideology ended the lives of 176 million people in the 20th century, showing that, as they gain more power, the Left expands its enemy definition to include other races as well.

    Nancy Pelosi and her entire tribe hope to annihilate the White race.  Trump is only the symbol of that race for her.  She and the extreme Left in the U.S. regime seek to obliterate White males forever.  She is backed by the cynical megalomaniac megabillionaires of techland and the other psychotic superrich who are aiming at global power.

    With the ascendancy of senile puppet and traitor Biden and his crime family to the White House, we can now expect social leprosy to become the norm as human trash and criminals replace what was once a civilized society.

    The diseased likes of Dorsey (Twitter), Bezos (Amazon), Cook (Apple), Zuckerberg (Facebook), Zucker (CNN), Soros (Open Society) and countless associated sickos are now about to destroy 4.5 billion years of evolution.  With consummate effrontery, they claim to be “preserving democracy.”

    Thus America will follow all the past civilizations into the dustbin of history.

  4. Biden's hairplug on Mon, 11th Jan 2021 2:04 am 

    The revolt of the deplorables:

    One is remembered of the revolt of the Dutch deplorables or “Water-Geuzen” (Sea Beggars), against Spanish power as of 1566:

    Without these rabble people, The Dutch Golden Age would not have happened. The situation of the US deplorables is much better than that of their Dutch colleagues.


  5. Cloggie on Mon, 11th Jan 2021 8:32 am 

    100 MW hydrogen project for Amsterdam:

  6. Cloggie on Mon, 11th Jan 2021 9:05 am 

    Last November, the EU presented plans for 300+ GW offshore electricity as an important part of its 100% renewable energy by 2050:

    President elect Biden, who by his own words, intends to “own the 21st century”, no less (without consulting the rest of the world) has a hard nut to chew on. Let’s hope his third teeth can handle that.

  7. Duncan Idaho on Mon, 11th Jan 2021 10:45 am 

    The Fat Boy’s ban from a privately-owned company is only ‘Orwellian’ to people who’ve never actually read Orwell

  8. Duncan Idaho on Mon, 11th Jan 2021 10:54 am 

    And Hitler Loved his Dog…….

  9. Duncan Idaho on Mon, 11th Jan 2021 11:08 am 

    If Senate Republicans can install a new Supreme Court justice in eight days, the Fat Boy can be removed from office within ten.

  10. Biden's hairplug on Mon, 11th Jan 2021 11:43 am 

    “And Hitler Loved his Dog…….”

    And the German people.

    Americans like Donkey Idaho don’t love anything, only total power over everybody else. It’s called American Exceptionalism.

    But that little game is over, for ever. Too many enemies, internal and external.

    “Pompeo has wilfully crossed China’s red line on Taiwan, and now the world waits to see how Beijing will respond”

    In 2021, you don’t want to be Donkey Idaho.

    Eurasia has 75 million p*-off US warriors at their disposal. The only interesting question is: what comes first, CW2 or WW3? They belong to each other like horse and carriage. Nature (and geopolitics) abhors vacuum. At the first sign of weakness, conclusions are going to be drawn… and acted upon.

    Donkey Idaho is a has-been. His last role in life will be unleashing catastrophe over America.

  11. Duncan Idaho on Mon, 11th Jan 2021 12:30 pm 

    Canada considers adding Proud Boys to terrorist list alongside Isis and al-Qaida

  12. Duncan Idaho on Mon, 11th Jan 2021 12:33 pm 

    Well, we do excel at something:

  13. makati1 on Mon, 11th Jan 2021 3:27 pm 

    Duncan, it is the “1984” idea, not the details. When “1984” was written (1949) no one could have conceived the US as it is today, run by a few megalomaniac billionaires, the internet and the fact that most news sources are now owned by SIX men. Maybe Animal Farm” is closer, or Huxley’s “Brave New World”? Or a combination of all three?

    TOTAL “censorship” is now possible as you can be electronically ‘killed’ and no one will go to jail, or even be held accountable. No? How long can YOU survive without a bank account, phone, or other internet connection? Do you have a paper bank passbook with your current account balance in ink? I doubt it. They disappeared long ago in Amerika.

    The huge corporations need to be broken up, but, it will take a major, blood in the streets, revolt by the serfs to do it. Maybe a major war, or a nuclear exchange? We shall see. Pass the popcorn.

  14. makati1 on Mon, 11th Jan 2021 4:23 pm 

    Wow! I thought that the shitshow called Amerika couldn’t get any worse, but after reviewing this morning’s news headlines, I can see that it will. The shit stink coming out of DC would make a garbage collector gag.

    The West is going down and I am glad I live in the East. Headlines here are getting back to normal and the concern is getting business back to pre Covid days. I expect to see face diapers disappear and ‘distancing’ be a thing of the past by Summer. We shall see.

  15. Duncan Idaho on Mon, 11th Jan 2021 5:18 pm 

    Police equipment:

  16. Duncan Idaho on Mon, 11th Jan 2021 5:25 pm 

    The only thing worse than a right winger who’s anti-intellectual is a right winger who pretends to be an intellectual. He doesn’t know what the fuck he’s talking about.

  17. YouAreScaredDontYou on Tue, 12th Jan 2021 9:52 am 

    I am curious, do politicians and financial elite feel in charge? By looking at how panicked the internet elites are, you have to wonder. Everything is getting censured left and right. This look like the actions of people that are scared. From where I stand you are not in charge of anything.

    Electroverse is getting demonetized.

  18. Duncan Idaho on Tue, 12th Jan 2021 11:23 am 

    “Guerrilla chic is a good insurrection look, but ultimately the world these wannabe revolutionaries want to recover is gone for good and their tribe—white, poorly educated and entitled—is slipping down the global and American social pecking order.

    It is this sense of falling backward that inspires such dread in the once privileged. In absolute terms the “deplorables” are not much worse off than they were 30 years ago, but relative to the brown and black people who used to do their laundry, they are sinking.”

  19. Duncan Idaho on Tue, 12th Jan 2021 12:15 pm 

    Someone should explain to the Fat Boy—

    How the whole Alamo thing ended.

  20. Duncan Idaho on Tue, 12th Jan 2021 5:39 pm 

    Pompeo Cancels Final Europe Trip after Luxembourg, Belgium & NATO Refuse to Meet with Him

    Is it the smell, or the fascism?
    Probably both

  21. Duncan Idaho on Tue, 12th Jan 2021 5:46 pm 

    Sane Repugs are almost extinct.

  22. Duncan Idaho on Tue, 12th Jan 2021 5:51 pm 

    Willingness to get vaccinated via Gallup poll:

    83% Democrats
    77% college degree
    74% over 65 years old
    67% men
    67% White adults
    66% under 45 years old
    65% All Americans
    64% women
    62% non-White adults
    60% no college degree
    59% independents
    45% Republicans

    Let Darwin do the work—
    Less repugs would be good for genetic survival of our species.

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