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Page added on November 16, 2019

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The Ramifications of Global Oil Demand Hitting a Plateau

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts. The prospect of “peak demand” has spread in the oil industry in recent years as countries seek to avert catastrophic climate change by diversifying from fossil fuels, and as renewable-energy sources get cheaper. Leo Mariani, equity research analyst at Keybanc Capital Markets, talks with Bloomberg’s Alix Steel about the IEA report, Saudi Aramco’s valuation and global disparities in production. (Source: Bloomberg_TV)

5 Comments on "The Ramifications of Global Oil Demand Hitting a Plateau"

  1. dave thompson on Sat, 16th Nov 2019 11:17 am 

    Oil demand means that every drop that is refined and put on the market is consumed.

  2. peakyeast on Sat, 16th Nov 2019 1:15 pm 

    At least they can agree on their lies as to why oil consumption peaks and the excuses for reducing it.

    I suppose that is impressive.

  3. full woke supremacist muzzies jerk maximum newspeak double rainbow all the way across the sky so intense whoa it begins to look like a triple rainbow what does it mean WDIM on Sat, 16th Nov 2019 1:23 pm 

    I spend absolutely nothing here. This place full of supremacist muzzies and libs

  4. Sissyfuss on Sat, 16th Nov 2019 9:50 pm 

    “If we say peak demand there’s a better chance at not getting guillotined.” The race is between peak oil ruining the economy and Climate Change ruining everything. What part of overshoot do you think you can avoid?

  5. Theedrich on Sun, 17th Nov 2019 1:20 am 

    The main US aim: lower Whites to Negro stupidity.  This is the real reason for the incessant war on Whites by lucre-lusting Democrats and RINOs, by the mainstream media, by Sörös’ belligerent “Open Society” campaign, and by the Hollywood, cyber and academic crowds.  Nor should we forget the military-industrial complex.  None of these nihilistic agents can stand the imperative of evolution:  higher intelligence and general suitability for the earth, or extinction.  Hence the elites’ resolve to reduce the average White IQ to Negroid levels.

    Contrast this with the fierce intellectual meritocracy being cultivated by Communist China — and, to a lesser extent, by Russia as well.  China does not make poster children or sob stories out of Mongoloid idiots for propaganda purposes.  Only Yankees do that, because their socio-religious bowel movements cause them to do so.

    In this country, while President Trump may be a compulsive and overly sensitive exaggerator, the Trump-hating Democrat party is filled with corrupt slanderers and liars obsessed with ending White civilization for temporary gain.  The Left seeks to fill the land with ThirdWorld, parasitic, and often violent and criminal, sludge whose only urge is to get more freebies from Whitey by voting for Democrats.  Meanwhile, countries with far less economic or military power are preparing “asymmetric” cyberwar and weaponry which will bring Humpty Dumpty down in a flash.  This menacing disaster is increasingly possible because the U.S. is more electronically connected and dependent than any other nation in the world.  And growing more so by the day.  Tainter, in his The Collapse of Complex Societies, warned repeatedly about the lethal dangers of overcomplexity.  But America is a runaway train, plunging suicidally into complexification which, one way or another, can have only one outcome:  collapse.

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