Is Peak Oil Demand In Sight?

Is Peak Oil Demand In Sight? by Occo Roelofsen, Namit Sharma, Rembrandt Sutorius, and Christer Tryggestad - McKinsey & Company

Our latest research suggests lower long-term growth in demand for oil than previously forecast. This warrants a fresh, critical look at energy investments.

Energy outlook: Key insights

Our business-as-usual case integrates the latest McKinsey view on economic-growth fundamentals and granular sector and regional insights. Six key points have emerged:

1. Growth in global energy demand will decelerate to 0.7 percent per year through 2050, a rate 30 percent slower than we had previously forecast.
2. Emerging and developing countries¹ will drive all growth in energy demand, while European and North American demand will decline.
3. Chemicals will grow at more than double the rate of...
   

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