Oct 26: Forecasts on when the world will arrive at peak oil demand on account of the twin pressures of global warming and increasing use of renewable energy differ wildly.
8Big oil, including the likes of Chevron and Exxon Mobil, do not even envisage a world where demand for oil will ever come down.
8Others believe that peak oil will emerge only in 2040s
8Then there are still others who are less enthusiastic and one such estimate claims that demand for oil will peak in 2020
8Shell is the only big company which believes demand can be petering out as early as 2025.
8Even though every company claims that projections are based on hard empirical data, it is evident that there is a strong element of bias in their outlook.
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