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Just as supply has peaked, demand for oil has been slowing.
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Once the markets recognize that production has peaked while demand grows, prices could move up in advance of any actual shortages.
Once the markets recognize that production has peaked while demand continues to grow, prices could move up in advance of any actual shortages.
It is possible though BP reckons it is too early to tell that rich-world energy demand has peaked too.In this section Output, prices and jobs Trade, exchange rates, budget balances and interest rates The Economist commodity-price index World primary-energy demand Markets Reprints.
"Even after oil demand has peaked, the world is likely to consume substantial quantities of oil for many years to come," the paper argues.
But demand for road fuels has peaked and is now falling by 8% between 2007 and 2011.
But oil demand in the rich world has peaked and is falling, leaving the industry with massive overcapacity.At the same time competition from the Middle East, China and India is intensifying.
Energy experts project that global oil supplies will only meet demand until global oil production has peaked sometime between 2013 and 2020.
But currently 'easily recoverable light oil' has peaked, and remaining 'heavy oil' reserves will be the key source to meet a big demand on energy.
Unemployment has peaked.
CLADDING has peaked -- or has it?
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CEO of Professional Science Editing for Scientists @ prosciediting.com