Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) predicts in its Oil Market Report released Friday . Overall supply has actually grown to record highs of over 100 million barrels a day thanks to a mix of factors such as the American shale boom and more production in Libya and Nigeria. Several other factors suggest that prices should fall: The EIA is revising its forecast demand growth for 2018 and 2019 downward by 100,000 barrels a day from its previous report. And stored oil grew by about 500,000 barrels a day in the second quarter of 2018—a growth the IEA estimates has continued in the third quarter—suggesting that supply is still somewhat ahead of demand. But choke points in the global market—such as lagging infrastructure for exporting […]