The Great Energy Transition away from fossil fuels that some claim must happen, and that others say is already underway, is one of the biggest events to unfold in our lifetimes. It brings up the specter of peak demand.

“A peak does not necessarily lead to an immediate decline though, and this is where we focus much of our attention,” said Chris Brown, manager of global automotive for Stratas Advisors, a Hart Energy company. He reminded us that “even as dominance within the road transportation sector wanes, crude oil’s footprint will be expanding in petrochemicals and other industrial uses. This will lead to a more specialized, more competitive corporate landscape for crude oil producers and refiners.”

No one disputes that the world will need more energy. If current population and consumption trends hold up, more of some kind of fuel for transportation and electricity will be needed.

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