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Automotive consultancy sees oil demand peak by 2020

Posted on 08 November 2011

“Peak oil” will be a demand rather than supply phenomenon, says a UK engineering, management, and automotive consultancy.
Ricardo PLC says multiclient research its Ricardo Strategic Consulting unit began last June indicates global oil demand will peak before 2020 at no more than 4% above 2010 levels. The International Energy Agency estimates average 2010 oil demand at 88.2 million b/d………………………………………..Full Article: Source


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