2014 January 31

The Master Resource Report 2014-01-31

Peak Demand?

For an alternative view on oil supply and demand the video below is a Financial Times interview with Nick Butler. He expresses the view that the world is at a peak in oil demand and not one of constrained supply. There is a reason he is aggressively promoting this view, the trick now is to figure out why and for who?

Is it just that the oil & gas industry is comfortable with the concept of peak demand but not peak supply? Given the recent announcements by the major international oil companies concerning declining production and lower capital expenditure it just may be their way of saying the same thing.