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peak oil demand

Video: Has oil demand peaked? (Press tv Economic Divide program)

This program from Press tv Iran is interesting and useful in bringing us up to date. Iranians know a thing or two about oil production and the oil market. The issues of peak demand and peak production are very hard to estimate and no-one here pretends to have the answers, but a number of factors are canvassed, including US President Trump. As usual, however, in such programs, population growth and economic growth are skirted around. Similarly, increasing efficiency among OECD countries is taken as a given, and increasing consumption among 'developing' countries is also taken as a given. The elephant in the room is, of course, when does peak demand meet peak production.

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