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Peak demand for crude-II: Chemical and aviation demand can push the timeline behind
Oct 26: Those who believe that peak oil demand is still some time away from on the assumption that even though demand for transportation fuel goes down due to the advent of electric cars, high consumption from chemicals and aviation segments, as well as non-chemical industries, will keep crude oil production going up for a long time to come.
8This is the kind of argument given by those who believe that peak oil will not happen in the mid 2020s as projected but closer to 2040
8But there is a consensus that there can be triggers which can bring forward the date forward.
8Time series data is provided to prove this argument.
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