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The Forum > Article Comments > There is no such thing as peak oil demand > Comments

There is no such thing as peak oil demand : Comments

By Dwayne Purvis, published 31/3/2017

As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

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There has been so much inaccurate twaddle talked about oil in the past that nobody is taking any notice. Bit like climate change alarmism.
Posted by ttbn, Friday, 31 March 2017 8:44:56 AM
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You have to wonder if we will 'crack the ton' as all-liquids nudge 100 mbpd at 98.5m. Wasn't the IEA predicting 115 mbpd? I'm fairly sure the world has 2 bn or so people who would like to upgrade from donkey carts and scooters to 4 door cars, not Teslas but compact petrol vehicles. Therefore there is pent up demand for ever increasing fuel supply held back by lack of affordability. Young Westerners drive less but apparently they fly more. More mouths to feed globally means more tractor fuel, plastic packaging, distribution etc largely powered by oil.

I think we won't hear about the poor villagers not getting cars but the middle class will complain loudly about higher air fares and food prices. It's on the cards there could be a repeat of the 2008 oil price spike in the next decade. Our politicians fret over solar energy replacing coal but they don't seem to have a plan for another oil crisis. I believe Australia now imports most of its crude oil and over half its refined fuel. What could go wrong?
Posted by Taswegian, Friday, 31 March 2017 8:52:10 AM
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The wildly incorrect projections in demand by EIA are interesting. But, as other posters have noted, there is no real point in paying any attention to the article's own observations on demand as so much of this has proved wrong in the past, and there is no urgency now.
Posted by curmudgeonathome, Friday, 31 March 2017 9:30:20 AM
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Oh we were taught in the 1970's there would be no oil by the turn of the century. They were the same Greens who predicted an ice and and have now switched to gw. Gives the getup clowns amunition to push their godless socialist agendas.
Posted by runner, Friday, 31 March 2017 4:45:16 PM
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It should be easy to discredit no oil by the turn of the century. From 1970 to 2000 is thirty years. OPEC plans forty years in advance. I think you will find there is enough oil on hand without finding any more for the next 100 years.
Oil is causing nature to compromise it's activitys. As in the past volcanic activity caused dramatic changes in weather patterns, all caused bu the volumes of co2 pumped into the atmosphere.
This time the changing weather is caused by man using fossil fuels. So counting drops of oil does not matter. We need to leave it in the ground. Unless that happens we are continuing down the path of more severe weather events.
Posted by doog, Friday, 31 March 2017 5:38:22 PM
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' So counting drops of oil does not matter. We need to leave it in the ground. '

I take it Doog you ride a pushbike everywhere or are you a like the Greens hypocrites of whom many who fly first class around the globe usually on tax payer funded money. What is causing far more damage around the globe than oil is the fools who have made electricity so expensive due to their very regressive gw beliefs.
Posted by runner, Friday, 31 March 2017 5:52:24 PM
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