Peak Demand? What Peak Demand? Global Crude Oil Demand Will Rise Nearly 7 Percent In Less Than Five Years -- March 6, 2018

With regard to global oil, the current 30-second elevator speech:

• US shale oil production will continue to surge;
• US will take market share from OPEC;
• OPEC is in a bind -- a strategy to manipulate the price of oil by increasing production / cutting production is full of risks;
• Mark Papa continues to beat the drum that US shale is reaching peak production; and,
• oil demand growth to shift to petrochemicals, away from motor vehicles

No new links. Many of these stories have been previously posted and linked, but this is the one data point that jumps out at me:

• global demand for crude oil will increase by 7 million bopd by 2023.

Boosted by economic growth in Asia and a resurgent U.S. petrochemicals industry, global oil demand will increase by 6.9 million bpd by 2023 to 104.7 million, according to the IEA.
2023: that's only five years from now. That's still within my investing lifetime. And Sophia will just get started.