Pillar to Post: Peter Welander's Blog 
Recent Posts
- Cornell corners chemical car competition
- Obama supporters seeing green
- Supply & demand: Cars and oil
- Engineers can't light a light bulb?
- Plus and minus of green energy policy
- Ripples from Chinese slowdown
- Podcast: History of industrial wireless
- Whither ethanol?
- Bike-to-work season ends
- Monitoring your carbon footprint
Recent Comments
- myself on Offshore drilling: What's out there?
- Mark Deal on Offshore drilling: What's out there?
- Priessyicergy on Clean coal: Welcome to Illinois
- milaImpaitlog on Clean coal: Welcome to Illinois
- amurommaslelo on Clean coal: Welcome to Illinois
Most Commented On
- Clean coal: Welcome to Illinois (8)
- I am not a socialist (3)
- Chinese pharma plants go un-inspected? (2)
- Making gasoline out of coal (2)
- Offshore drilling: What's out there? (2)
Archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
Blog
Link This | Email this | Blog This | Comments (0)
Has oil peaked?
If you're talking about oil prices, probably not. But if you're talking about consumption, maybe it has, at least for a while. Earlier this week, the Chicago Tribune ran an article saying that the U.S. Energy Department (DOE) and the International Energy Agency have both lowered their global oil consumption forecasts because of high prices.
Oil consumption is still climbing in other parts of the world, particularly China, but the DOE says it is declining in the industrialized world and expected to fall by 240,000 bpd in 2008.
One of the first things I wrote when I joined the Control Engineering staff in 2006 was an article about the overall state of the energy industries. I remember including a statistic that said industry analysts expect oil consumption to peak in the U.S. around 2020 based on consumption patterns and demographics. I suspect the same analysts might make that date quite a bit earlier now. Who knows, maybe we're crossing the great divide right now. Something to celebrate even as we feel pain at the gas pump.
Has oil peaked?
June 13, 2008
If you're talking about oil prices, probably not. But if you're talking about consumption, maybe it has, at least for a while. Earlier this week, the Chicago Tribune ran an article saying that the U.S. Energy Department (DOE) and the International Energy Agency have both lowered their global oil consumption forecasts because of high prices.Oil consumption is still climbing in other parts of the world, particularly China, but the DOE says it is declining in the industrialized world and expected to fall by 240,000 bpd in 2008.
One of the first things I wrote when I joined the Control Engineering staff in 2006 was an article about the overall state of the energy industries. I remember including a statistic that said industry analysts expect oil consumption to peak in the U.S. around 2020 based on consumption patterns and demographics. I suspect the same analysts might make that date quite a bit earlier now. Who knows, maybe we're crossing the great divide right now. Something to celebrate even as we feel pain at the gas pump.
Posted by Peter Welander on June 13, 2008 | Comments (0)
Advertisement
Advertisements
