Remember when they lowered projected future oil demand from something like 120 mbpd to 115 mbpd? They got that by deciding you needed a little less oil for a certain amount of growth. Peak oil is not an energy crisis. It is a liquid fuel crisis.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
After looking at demand they way I described above, they put supply=demand.
Brilliant.
At least that's how they did it a few years ago. Recent development may suggest they have been going sober. Peak oil is not an energy crisis. It is a liquid fuel crisis.
