BP Economic Advisor says oil will peak due to demand decrease.

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The All Party Parliamentary Group on Peak Oil and Gas (APPGOPO) heard from BP Special Economic Advisor Peter Davies on 16th January. Mr Davies believes “there is a realistic possibility that world oil production will peak within the next generation as a result of peaking demand” His views were challenged by Jeremy Leggett who suggested that “the risk of an early peak in global oil production was much greater than BP believed.”

A podcast of the meeting is available for download at the APPGOPO site.

http://www.appgopo.org.uk 

(APPGOPO press release)

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