Why Was Everyone Wrong About Oil Demand?

For years, policy planners have operated on a green assumption: oil demand would eventually de-couple from economic growth. Electric vehicles, cheaper batteries, solar, wind -- all would combine to reduce demand and put us on a long glide path away from crude. Some even put a date on it: 2030 as the moment oil demand would “peak.”So, is the ‘Peak Oil’ thesis still a thing? Robert McNally, President of Rapidan Energy Group and former White House energy adviser, joins host Jay Sapsford to bring his stellar predictive track record to this question, arguing fossil fuel demand could well be stronger than anticipated, while supply will be tough to grow, given the politics and the risk of geopolitical disruption. The upshot: A future in which oil – and energy – is structurally tight. In some cases, very tight.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn:   / global-intelligence-desk