Timeline Story

Peak Oil Tipping Point: A New Era in Global Energy

Peak Oil Tipping Point: A New Era in Global Energy

From Year 0 (BCE/CE): 2029
Post Date: 01/01/2029 12:00 AM

The barrels per day of oil used by humanity have been on the rise since its discovery in the mid-19th century. In 1950, the world consumed approximately 10 million barrels of oil per day. This figure rose significantly to about 60 million barrels per day by 1980 and further to around 75 million barrels per day by 2000. In 2019, just before the pandemic, global oil consumption peaked at about 99.7 million barrels per day. During the pandemic, consumption dipped, but it rebounded quickly. By 2023, global oil consumption reached approximately 102.21 million barrels per day, and it is expected to continue rising until around 2029, when it is projected to peak at about 105.7 million barrels per day. From this peak, oil consumption is anticipated to enter a gradual terminal decline. This plateauing of oil demand marks a significant turning point in the global energy narrative.​

Analysis: The reference year 2029 is significant due to a convergence of technological, economic, and environmental factors. The rapid growth in electric vehicle adoption, improving fuel economy standards, and an increasing emphasis on renewable energy are collectively reducing the reliance on fossil fuels. Additionally, geopolitical factors and policy changes aimed at reducing carbon emissions are accelerating this transition. While the IEA’s forecast is for a peak in 2028, demand for oil in sectors like petrochemicals and aviation will remain robust. Therefore, I’m predicting the tipping point will occur one year later, with a fudge factor of +/- 2 years.​

My Strategy:
Invest in DUG inverse oil ETF at 30 day lows through 2035.
Invest in ICLN and CNRG solar ETFs at 30 day lows through 2035.

Invest in NEE and ENPH renewable stocks at 30 day lows through 2035.
Do not short large oil as they have the money to retool.

Weekly Wisdom Builder
This week’s 4-minute brain boost…
July 7, 2024 Edition
Time Left: 

Email Notification
Subscribe to our Weekly Wisdom BuilderIt’s Free! No ads! No catches! One email each Monday, use it as your weekly to-do checklist! Delete it after you’ve pondered your weekly 4 minute brain boost.

Exactly what the world needs RIGHT NOW!

Wisdom at the crossroads of knowledge.

Wisdom emerges from the consistent exploration of the intersections of philosophy, science, critical thinking, and history.

Get the full story…

These timeline stories are part of my Visual Insights page, where our best ideas come alive. Dive into these timelines to gain a broader perspective, as found in the Stoic practice of the “view from above.” For a deeper exploration of our best ideas beyond learning by meme, check out my new book…

Coming December 2024: Immerse yourself in knowledge, not snippets.

30 Philosophers: A New Look at Timeless Ideas

Placeholder image.

by Mike Prestwood (Author)
Dive deeper than headlines and memes and explore the minds of the greatest thinkers. Nothing compares to the depth and insight gained from the immersive experience of a book.
Beyond the Buzz: Uncover lasting knowledge!
  • Discover how 30 influential philosophers shaped our understanding of the world.
  • Explore the concepts that continue to influence science, art, and culture today.
  • Get your copy now and start thinking like the greatest minds in history!

Uncover the Timeless Wisdom of 30 Philosophers!


Scroll to Top