“The OPEC drama is behind us (for now) with the cartel and its friends agreeing to a peak supply. But the topic that’s talked about behind the scenes in Viennese cafes is that of ‘peak demand.’ Every pundit has an opinion about when peak demand will happen. Articles, podcasts, and snappy videos mostly debate in what year our 150-year addiction to the product will begin to wane. Some think it’s as early as 2020; the authoritative International Energy Agency conjectures 2040.”
Peter Tertzakian, Chief Energy Economist and Managing Director, ARC Financial Corp.