Forget Peak Oil, What About Peak Demand?
With so many investors and pundits obsessed with peak oil, they may be missing the real story for oil: that we have passed peak demand and it’s only downhill from here. One of the central tenets supporting the bull market in energy has been the concept of peak oil. Asserting that the world cannot produce much more oil than it currently is, the concept of peak oil predicts a super spike in oil prices. With this view in mind, the less discussed trend going on for oil may instead be peak demand.
