Feb
28

Peak Power

 BP expects global demand for oil to peak in 2035 at 110 million bbl/day, up from 98 million today. Shell expects peak oil in 2025, while Chevron and Exxon offer no opinion. The Saudi energy minister expects peak oil demand to be 120 million bbl/day in 2043, while the head of the International Energy Agency sees no peak. All forecasts depend entirely on demand from cars, trucks, planes and petrochemicals.

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Comments

  1. When does President Trump’s energy department predict peak oil will occur?

  2. Wonder what Trump’s energy appointee predicts?

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