Some great statistics in this article . The theme: despite the current glut in oil, much of that due to the shale revolution, demand is likely to put stress on supply in the future . It appears, bottom line, IEA has simply moved the “peak oil” concern from 2020 to 2040. Some data points: 1998: IEA forecast peak oil in 2020 how far was the IEA off? IEA projected demand at 111 bopd by 202; in fact, current demand is struggling to hit 99 bopd today: IEA says CAPEX slumped in past two years due to price downturn; price downturn “pulled the rug out from under upstream spending and investment decisions”: IEA sees a potential oil supply “gap” of 16 million bopd by 2025 the gap of 16 million bopd by 2025 threatens new spike in oil prices global tight oil: 4.6 million bopd in 2015; will peak at […]