Other explanation of the investors’ expectations for 2033 is that they have seen the words “peak oil demand” written more and more frequently in the latest reports by IEA and other energy forecasters.
Oil demand can decrease by a combination of economic slowdown and oil intensity improvement. Oil intensity defined as the volume of oil needed to produce a fixed economic output. If we replace oil by other energy sources or increase the efficiency of our energy use we will improve the oil intensity. If we improve the oil intensity fast enough then we won’t see a significant economic impact. I guess the main point of Corentin’s argumet is about the speed of this transition.
Other explanation of the investors’ expectations for 2033 is that they have seen the words “peak oil demand” written more and more frequently in the latest reports by IEA and other energy forecasters.
Oil demand can decrease by a combination of economic slowdown and oil intensity improvement. Oil intensity defined as the volume of oil needed to produce a fixed economic output. If we replace oil by other energy sources or increase the efficiency of our energy use we will improve the oil intensity. If we improve the oil intensity fast enough then we won’t see a significant economic impact. I guess the main point of Corentin’s argumet is about the speed of this transition.