Energy Giant Shell Says Oil Demand Could Peak in Just Five Years

Re:Energy Giant Shell Says Oil Demand Could Peak in Just Fiv... by monkmartinez on Sunday November 06, 2016 @06:45PM (#12887797)

If we know anything, it is that these guys (energy industry) are pretty terrible about predicting much of anything. Ironically, it was an engineer at Shell that started "Peak Oil" in the 50's... one, M. King Hubbert.

Maybe monster trucks will take over as the prophecy of the film Idiocracy come true and oil stages a massive come back... you heard it here first!

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Re:Energy Giant Shell Says Oil Demand Could Peak in Just Fiv... by mrnzc on Sunday November 06, 2016 @06:55PM (#12887831)

I think you have to distinguish between Peak Oil (point in time where there is the maximum rate of extraction) and "Peak Demand", which is what the article is about.

Furthermore, Shell is actually well-known for its effective foresight activities (particularly in the 70s). Maybe because they switched from forecast to foresight...

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Re:Energy Giant Shell Says Oil Demand Could Peak in Just Fiv... by nicholas73 on Sunday November 06, 2016 @08:28PM (#12888184)

Hubbert was dead on correct about peak oil for conventional sources.

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