Demise of oil: Bloomberg suggests what it could look like

Oil well (photo by John Hill)Predictions vary greatly, but many analysts all largely believe the same thing: the peak of the oil industry is coming. The world’s largest oil companies, however, believe their business will only continue to grow through the year 2040. It’s a stark contrast to other analysts—Exxon and OPEC members all believe 103.5 million barrels of oil…

Via: http://www.greencarreports.com/news/1111882_demise-of-oil-bloomberg-suggests-what-it-could-look-like

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