OPEC Chief Challenges Reports Predicting Demise of Oil Demand

Reports on what authors like to call the end of the oil era were a frequent reading some 20 years ago. At the time, the focus was peak supply and the consequent need to find alternatives to the fuel that powers the world. Now, 20 years later, there is once again a surge in reports and analyses predicting the end of the oil era. This time, however, they focus on the death of demand driven by alternative sources of energy. And the world’s biggest oil-producing group has had enough. In an op-ed for the Middle East Economic Survey last…