peak oil

Oil analysts predict peak consumption in 2036
Eric C. Evarts July 17, 2018

Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil every year. Now, a new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies predicted. The report was initially covered by the Financial Times (subscription required). READ THIS: Decline of oil: Bloomberg suggests what it could look like Autonomous cars, which are widely expected to be mainly electric, will dramatically increase...
Big Oil will lose grip on global vehicle market in less than 25 years: study
The latest study on the future of transportation paints an increasingly dim picture for the oil industry, though it suggests that the industry is in no danger of collapse. Instead, Big Oil will lose its dominance in the transportation sector over a 25-year period as electric cars and mobility...
Sean Szymkowski November 22, 2017
Decline of oil: Bloomberg suggests what it could look like
Predictions on the future of global energy vary greatly, but many analysts largely believe that peak demand for the oil industry is coming relatively soon. The world's largest oil companies, however, see it differently: they say their business will only continue to grow through the year 2040. Exxon...
Sean Szymkowski August 2, 2017

BP: 53.3 Years Of Oil Left At Current Production Rate
"Nobody knows or can know how much oil exists under the earth's surface or how much it will be possible to produce in the future." That's how BP starts its website page defining oil reserves, and it's why we should take statistics like "53.3 years of oil reserves" with a pinch of salt. But...
Antony Ingram July 7, 2014
Will We Reach 'Peak Cars' Within Our Lifetime?
"Peak oil" is the term given to the date after which extraction and production of oil enters terminal decline. It doesn't mean the oil is necessarily running out--more that its extraction becomes less viable as time goes on. Some suspect a similar thing is happening with automobile use in the U.S...
Antony Ingram February 13, 2014
Ford, U of M: “There’s Enough Lithium To Power Electric Cars Until 2100”
As electric vehicles become more widely available, we’ve heard some pretty large horror stories detailing that the world’s supply of lithium - used in most modern electric car battery packs - is running out almost as quickly as the world’s oil supply. But a recent research project...
Nikki Gordon-Bloomfield August 10, 2011
Peak Oil Perceptions: If Gas Prices Soar, Who's Most Pessimistic?
John Voelcker August 8, 2011

Just three months ago, the average gas price crossed 4$ a gallon. Now, oil prices have plummeted to their lowest level this year in response to the Standard & Poor's U.S. debt rating downgrade. We'll continue to be whipsawed by changes in oil prices, reflected in the price per gallon we pay for gasoline. That's just a fact of modern life. 76 percent: gas prices could triple in 5 years But it turns out a majority of the survey group thinks oil prices could triple in the next five years. Would this do serious damage to the economy? Far more self-identified conservatives than self-identified...
Electric Cars Financially Viable by 2020, Study Reports
Buying an electric car today is hardly cheap. With lithium-ion battery prices at around $450 per kilowatt-hour of storage, the 24 kilowatt-hour battery pack found in the 2011 Nissan LEAF weighs in at a jaw-dropping $10,800, and that's before complex battery management electronics are added. That...
Nikki Gordon-Bloomfield January 4, 2011