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But if we look back from here and see the oil peak clearly in the past, what follows will be the evidence of how the energy future snuck up on us. The peak no one saw coming.
Royal Dutch Shell, one of the supermajor oil companies, said this week that it could confirm it had reached peak oil production in 2019. As in, it thinks it will never produce that much oil ever ...
So maybe we have past peak $50/bbl oil. The peak oil story turned out to be more complex than most of us who were debating it could have imagined back in 2005.
Since then, the peak oil advocates have repeatedly increased their estimates of recoverable resources (Campbell’s went from 1.575 to 1.9 trillion) and pushed the date of the peak further out ...
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future.
Peak oil consumption by country varied a bit: Portugal, 2002; Italy, declining since 1995; Ireland, peak in 2007; Spain, peak in 2007; Greece, peak in 2006. Peak demand is very much related to jobs.
In 1956, M. King Hubbert, a US geoscientist working for fossil fuel giant Shell, projected — based on statistical modeling of ...
It’s been two years since British oil and gas supermajor BP Plc. (NYSE: BP) dramatically declared that the world was already past Peak Oil demand. In the company’s 2020 Energy Outlook, chief ...
The International Energy Agency thinks peak oil use is in sight this decade as the world switches to renewables. What is driving this shift – and what is still standing in the way?
Global demand for oil just keeps growing. It’s only fallen once in the past dozen years — in 2020, at the start of the COVID-19 pandemic. After that, it roared back. But as the world continues ...
Globally, combustion vehicle sales show no return to levels reached in 2017—and because of the turnover of the fleet, peak oil demand will follow in 2027, according to a recent report.