A New Peak Oil Ahead?
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  • Andrew Allison

    With respect, The Economist overlooked a key factor: while it’s true that the producers now largely control production, the Seven Sisters control distribution. Produce all you want, but if nobody is willing to distribute it, you are out of luck.

    With regard to the headline, what’s new about the fact that oil production is peaking? What’s new is that it’s peaking due to declining demand, not declining supply.

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