Peak Oil? Drivers—and Voters—Could Delay It for Years
You might be filling up your tank a lot longer than BP thinks. Ambitious green policiesâfrom politicians and even the newly climate-conscious oil companiesâsuggest the world is moving at warp speed away from fossil fuels. But the transition might not be easy on consumersâ wallets, which is precisely why it could take a while. The idea of âpeak oil,â historically a reference to a fear that oil supply was running out, now means something entirely different. British energy giant BP suggested that oil demand might have already reached its apex in 2019 if one were to ima...
Source: wsj.com