Home Les bulletins GEAB GEAB 129 Oil: Determining the date of the tipping point

GEAB 129

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Nov 2018

Oil: Determining the date of the tipping point

Our readers know what the dollar is becoming – a currency like any other. Also, they will not be surprised to learn that  oil is following the same path and becoming a source of energy like any other. First, have a look at the following graphs of global energy and oil consumption; one from the International Energy Agency (IEA – US) and the other from OPEC; two sources that cannot be assumed to be partial.

Figure 1 – World Energy Consumption, 1990-2040. Source: IEA.

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