All else equal, a unilateral Saudi cut would work for them because they would make more money selling 7.5 million barrels a day at $55 than 9 million barrels at $40. “It would be a net gain, with less work,” says Ed Hirs, who teaches energy economics at the University of Houston. “But it would be a windfall for Iran and others who couldn’t resist soaking up the Saudi market share.”
Wood Mackenzie: Global Peak Oil Demand Expected In 2036 | OilPrice.com
Energy consultancy Wood Mackenzie expects global peak oil demand to come around 2036 as EVs and autonomous vehicle are expected to dent demand for crude oil products
Coal Dead? Peak Oil Demand? Five Takes on Fossil Fuels' Future
For all the buzz around wind, solar and electric cars, energy company executives had plenty to say Tuesday about the continuing role of fossil fuels and nuclear power at the Bloomberg New Energy Finance Future of Energy Summit.
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