Demographic oil demand and peak oil

Andrew McKillop: Demographic oil demand and peak oil

VHeadline.com oil industry commentarist Andrew McKillop writes: Since the time of Malthus and Ricardo (around 1810-20) and as also investigated by Engels and Marx (in the 1850s and 1860s) economists have taken an interest in mass consumption trends and patterns, and their determinants.

Oil, gas and coal consumption is most certainly a mass consumption phenomenon, but the implications of very clear — even stark — recent trends for world oil demand seem to go unnoticed.

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