Global oil demand may have passed peak, says BP energy report. Demand for oil may never fully recover from the impact of the coronavirus pandemic, according to the oil firm, and may begin falling in absolute terms for the first time in modern history.

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History, for as long as that will last, will look upon the oil industry as the grave diggers of human civilization. It’s a good thing that it’s past it’s peak, but it will go out knowing that the damage it did is irreversible.

TheFluffiestOfCows

How will this effect the economies of countries like Russia, Saudi Arabia, and others the depend on oil exports?

KermitMadMan

Still pushing the false narrative of peak demand. We are living through the peak oil era. Not a peak demand era. They say this to avoid panic and reassure investors.

MQSP

I sold my car and bought an electric scooter and second battery

Radekzalenka

So, are we gonna see gas prices under the $2 range? Maybe under the $1 range? I highly doubt it.

Alukrad