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Peak Oil Concerns Overstated As Demand Will Fall, Study Predicts

2013-07-11 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: Stanford UniversityOil demand, 1990-2100 from Stanford University and the University of California-Santa Cruz (UCSC) say that dire projections of peak oil mistakenly assume that an increasingly wealthy planet will continue to rely heavily on oil. On the contrary, they say, the link between economic growth and oil is breaking down as a result of increased energy efficiency, lower prices for alternative fuel sources, urbanization, and limits on consumption by the wealthy. While the researchers project...

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