Monday
Feb012010
Peak Oil Demand?
Monday, February 1, 2010 at 04:29AM
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?
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?
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