Another Oil Major Sees Peak Oil Demand On The Horizon

French energy giant Total SE (formerly Total S.A.) spread more doom and gloom into the oil markets today, foretelling of the oil industry's ultimate horror—peak oil demand. In its Energy Outlook report published on Tuesday, according to Bloomberg, Total SE sees total global energy demand increasing in every scenario it ran—but according to Total, this will not help the oil industry. Instead, Total is attributing most of this energy demand increase to low-carbon power. As such, oil demand growth, according to Total SE will end in a decade,…