Peak Oil And Peak Demand Have Entirely Different Outcomes

by Robert Rapier, August 15, 2017 in Forbes

That’s the peak oil argument in a nutshell, but the peak demand argument is entirely different. In this case, oil production falls — not because of geological factors — but because the world turns its back on oil as cleaner, cheaper options become available. Electric vehicles and ride-sharing on a massive scale are envisioned as two of the key factors that will make oil obsolete.