This particular chapter takes a more detailed look at the various oil demand projections by comparing each organisation’s take on the main economic forces that shape their final numbers. Despite the huge uncertainty, there is near universal agreement on some of these forces. But opinion is divided on the biggest question of all – will […]
This chapter looks at the recent history of the many organisations that make energy demand forecasts. Their track record has a lot to be desired but understanding the huge uncertainties involved highlights just how easy they are to get wrong.
This chapter attempts to cover the last 150 years of oil consumption with the aim of discovering the main economic forces that have helped shape how and where oil is used today. By understanding these forces we can begin to understand how future oil demand will unfold.
This chapter attempts to explain why oil depletion is not simply a problem of “will we run out” but rather a more complicated supply and demand problem concerning energy security. The size of the tap is more important that the size of the tank.
This particular chapter attempts to explain why oil is the lifeblood of today’s modern economy and how any major fluctuations in oil price can expose the many inherent weaknesses in this globalised system that feeds, clothes and houses us.
