The Future of Oil Demand Is Increasingly Clear as Trends Solidify

In June, the International Energy Agency (IEA) forecast peak oil demand growth in less than six years. Later that same month, the Energy Institute revealed demand is still growing and where it declines, the declines are minuscule. While the two reports paint two rather different pictures, they also offer a glimpse into the actual future of oil demand and supply, especially viewed in the context of trends like a slowdown in U.S. oil output and China’s recent boost in local oil and gas exploration. Oil and gas are going…