Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Peak Oil Demand?

Interesting prediction coming from the International Energy Agency (IEA) last week.

Oil use in rich industrialized countries will never return to 2006 and 2007 levels because of more fuel efficiency and the use of alternatives. (Financial Post)

China's demand growth will easily take up the slack but it makes for an important geopolitical shift. Will the US continue to pay the high costs policing the Middle East?