News From the Field
Stanford Researchers Say "Peak Oil" Concerns Should Ease
July 9, 2013
Should concerns about "peak oil" focus on demand for oil rather than dwindling supplies of it? Yes, according to a new analysis. Limits to consumption by the wealthy, better fuel efficiency and lower priced alternative fuels should begin driving down demand for oil around 2035. That's good news overall, but policymakers should pay attention to the mix of substitutes that will replace conventional oil.
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