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OPEC Sec Gen: Peak oil demand not on the horizon
In the 1990s and 2000s, the world regularly saw column inches devoted to the theory of peak oil supply, amplified by voices like Colin Campbell and Matthew Simmons. Decades later, however, it has still not come to pass, as enhanced economics and constant improvement in technology have helped lower costs and open up new frontiers to expand the resource base. The past decade or so has witnessed a shift to talk of peak oil demand, with some forecasters increasingly pushing theoretical scenarios that have decided before any data is analyzed that oil should not be part of a sustainable energy future. This is evident in ... (full story)