International Energy Agency calls 'Peak' on OECD Oil Demand

In World Energy Outlook 2009, the International Energy Agency seems to have dropped a bombshell that has been quietly (and politely) ignored. In their main ‘reference scenario’, the IEA forecasts that OECD demand has already peaked – it never recovers the levels seen before the oil price spikes and financial crisis unfolded.

In recent editions of their World Energy Outlook, the IEA has been reducing their forecast for 2030 total oil supply. But forecasting a decline in OECD consumption is a radical shift.

http://anz.theoildrum.com/node/5990