Why The IEA’s “Peak Oil” Forecast May Be Good for Energy Investors

This week, the International Energy Agency (IEA) issued a report predicting that “peak oil” the all time high point in oil demand, will come as soon as 2029. My first thought on reading the report was “Here we go again!”. Forgive my cynicism but, as somebody who has been involved in markets and trading for around forty years, I have heard this so many times and with so many predicted dates for when the peak will be achieved that have come and gone, that I am inevitably skeptical when I hear it again. What I have learned…