Everyone has an opinion on peak oil demand. IEA and OPEC are at loggerheads. Markets are divided as to which version of the future to believe, attempt to price, and invest in. A long 🧵 about peak oil demand and why regardless of when oil "peaks", the demand reckoning is coming
First, the analysis framework needs to change. The way we think about peak demand – laser-like focus on the year that demand peaks – is inherently flawed. Peak demand is not a singular event before a sharp decline, as @JavierBlas wrote a few weeks back. x.com/JavierBlas/sta…
First, the analysis framework needs to change. The way we think about peak demand – laser-like focus on the year that demand peaks – is inherently flawed. Peak demand is not a singular event before a sharp decline, as @JavierBlas wrote a few weeks back. x.com/JavierBlas/sta…