Is Peak Oil Demand In Sight?

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Oil Production

Is Peak Oil Demand In Sight? by Occo Roelofsen, Namit Sharma, Rembrandt Sutorius, and Christer Tryggestad – McKinsey & Company Our latest research suggests lower long-term growth in demand for oil than previously forecast. This warrants a fresh, critical look at energy investments. Energy outlook: Key insights Our business-as-usual case integrates the latest McKinsey view on economic-growth fundamentals and granular sector and regional insights. Six key points have emerged: Growth in global energy demand will decelerate to 0.7 percent per year through 2050, a rate 30 percent slower than we had previously forecast. Emerging and developing countries1 will drive all…

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