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Peak Oil Demand: When Is It Really Coming?

June 15, 2017

Via: Forbes

There is a widely held belief that the peak of oil consumption will result from demand reduction rather than depletion. Published scenarios depicting how soon this might happen are all over the map, ranging from less than three years to beyond the foreseeable future.

Three broad categories of means to reduce consumption are illustrated by the shaded areas in the graph above. Efficiency includes improved fuel mileage and ways to reduce miles traveled, such as mass transit and ride sharing, as well as efficiency in buildings and other non-transportation uses.

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