Are Supermajors Spooked By Peak Oil Demand?

Will the world’s appetite for crude oil ever be sated? For decades, it was widely presumed that demand for petroleum would grow steadily in line with the expansion of the global economy, as more people drove, more cities were built and more energy was needed to fuel industrial expansion. But a number of major energy companies now believe peak demand to be just around the corner, and are preparing to meet it head-on.

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