demand will [...] reach 95.8m barrels a day in 2012.
Problem is: where is supply gonna be?
The only way is see this happening is if everything goes smashing, all the reserves are the higher end of estimates, and Iraq starts producing bigtime. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Plus, in 1980, the peak was quite temporary. In the long run, we're all dead. John Maynard Keynes
