'Zero Petroleum Growth'

“Peak oil is an illusion,” Joe Petrowski, CEO of Gulf Oil/Cumberland Farms, told attendees Wednesday at the 2009 NACS State of the Industry Summit in partnership with CSP in Chicago. But the “political peak” for oil is very real, he cautioned. The end result: “Get ready for a future of zero petroleum growth,” he said. Petrowski examined world demand for petroleum products, alternative solutions and domestic implications in his closing presentation, “Meeting the Challenges of an Industry in Transition.”

The current political climate could have a profound impact on retailers who sell fuel, he said, pointing out that “96% of our transportation is fueled by petroleum-based products.” Yet, the political climate seems to encourage what he called “an all-out war” on petroleum.
CPCNet