Is Peak Oil Demand In Sight?

With driving and oil consumption declining across many developed countries due to long-term structural shifts, Nick Butler sees reason to believe the world will soon reach peak oil demand.

Economists and energy industry observers have long warned of the consequences of peak oil production based on limited supply. But according to Butler, declining demand based on structural changes in the U.S., Europe, and Japan - and the unlikelihood that China and India will fill the gap - will result in the world hitting peak oil consumption this decade.  

"When I wrote a few months ago that I thought global oil consumption would peak before 2020 at a level below 100 mbd several readers suggested, with different degrees of politeness that I was off my head. Maybe, but I will stick to my prediction."

"As the detailed evidence is beginning to show the period of inexorable oil demand growth is coming to an end."

Full Story: Peak oil? The trend to watch is peak car

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET