The End of Oil is Near, or Maybe Not
To the extent that oil demand goes down in the future, it will go down because people can’t afford oil distillates at the price producers need to produce the corresponding oil.
To the extent that oil demand goes down in the future, it will go down because people can’t afford oil distillates at the price producers need to produce the corresponding oil.
In this installment we discuss the potential role of renewable energy in transition and macroeconomic models in the face of supply constraints.
In these interviews, we look at peak oil theory with Richard Heinberg and James Hamilton.
The US Energy Information Administration recently released its report showing oil consumption by country updated through 2012. Based on this report, it appears that at current high oil prices, demand in both China and India is being reduced.