In the Asia Pacific Petroleum Conference (APPEC) held in the 4th quarter of last year, an interesting theme came to fore on the long term outlook on the crude oil wherein the participant observed an equal split between the two camps; the ones who believe that the world has already passed the peak oil and the era of the oil market growth is already over versus the ones who see the peak oil in 2030 as mentioned in this article Total sees oil demand peaking around 2030 as world goes green.
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Léon Kirch, CIO & Partner