If the 20th century was the age of oil, the 21st century could be the age of minerals.
Doc Hastings: It’s time to revise our mining permitting process
Peak demand for oil is coming sooner than you may think. Even the oil industry is bracing for what may be inevitable. On Nov. 2, Simon Henry, the chief financial officer of Royal Dutch Shell, announced that peak oil demand might arrive as soon as 2020. What’s informing his thinking? In Europe, for example, oil demand has already fallen 17 percent since 2005. The full-throttled arrival of the electric vehicle (EV) might be the global tipping point.