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The hunt for peak demand proves, well, demanding. Last November, Royal Dutch Shell broke ranks with many oil firms when it forecast that demand for oil could peak in 5 to 15 years. Al-Falih, the Saudi Arabian oil minister, said projections for peak demand were “misguided” and could discourage the “trillions of dollars” of investment needed to develop oil and gas supplies for the coming decades of growing oil demand.

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