OPEC is hedging its bets regarding peak oil demand, and has included a scenario in its plans that account for it arriving in just over a decade, should the Paris climate agreement targets be fully implemented. “In particular, possible climate policies following COP21 have the potential to reduce energy consumption levels and alter the energy mix substantially,” according to OPEC’s World Oil Outlook released on Tuesday. The cartel is not the first to argue that oil demand may be soon nearing its peak, but when coming from the 14-member organization that supplies a huge chunk of the world’s total oil supply, some may view the comment with more weight than analyst or company insights, or environmentally friendly groups who likely dream at night about peak oil demand coming even sooner than most would expect. And while environmental groups may take OPEC’s statement as a confirmation […]