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semi_infinite

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semi_infinite

Re: semi_infinite post# 9847

Thursday, 04/09/2015 3:15:27 PM

Thursday, April 09, 2015 3:15:27 PM

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China peak oil demand -

I am surprised that this hasn't gotten more play

http://www.bloomberg.com/news/articles/2015-04-01/china-s-fuel-demand-to-peak-sooner-than-oil-giants-expect

This goes along with my conjecture that "The majors will have to be very careful about how they spend their money and where they want to make it. The next up cycle could be the last good one."

How the Chinese companies behave during this down cycle and buy/not-buy will show how they really think in terms of peak demand. The shape of the peak will be dependent on how fast battery technology evolves.
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