Peak oil demand might be delayed as the U.S. and China scale back support for fuel efficiency and electric vehicles. Once thought of as far off into the future, forecasts of peak oil demand have steadily crept closer to the present over the last few years, although depending on who you ask, estimates run the gamut. The International Energy Agency has staked out a more conservative position, saying that demand still has another 20 years of (slower) growth ahead. Others have said that peak demand could happen before 2025. The debate largely hinges around the degree and pace at which electric vehicles and efficiency overtake the transportation sector. EVs are growing quickly, though from a small base. Moreover, automakers are set to roll out a few hundred additional EV models in the next few years, which could really kick adoption into overdrive. However, oil demand may prove more durable […]