The Economist Logo

Yesterday’s fuel

As we know, the dawn of the oil age was fairly recent and since then, the demand for oil has risen steadily alongside ever-increasing travel by car, plane and ship. One of the oil giants, Britain’s BP, actually reckons it will grow from 89m b/d now to 104m b/d by 2030. But the Economist reckons they are wrong, and that the world’s thirst for oil could be nearing a peak. While the descend in demand for what is now coined yesterday’s fuel, is potentially bad news for producers, it’s excellent for everyone else…

To read more, click here.

(Image source)

Similar Posts