To the extent that stock prices reflect expectations of future value, investors don’t like the prospects for oil, and oil’s demise signals muted prospects for economic growth.
The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP.
In the past five years of writing about energy one of my favorite observations has been that people get into trouble because they “confuse Peak Oil and the Peak Oil Debate.” In other words, they confuse what Peak Oil IS and what Peak Oil MEANS.
Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices.
Electric vehicles (EVs) are already cheaper to run than internal combustion engine (ICE) automobiles.
Energy round-up including EU climate targets, UK fracking plans, and peak oil.
A new phrase has entered our energy lexicon—peak oil demand.