Getting your player ready...
Oil demand has likely peaked — but only for the developed world, according to IHS Cambridge Energy Research Associates.
For years, mature economies have kept in check their oil demand for power and other non-transportation uses.
Now, researchers say growth for transportation is flattening thanks to fuel-efficient cars and other factors. That means the developed world’s pre-recession peak of 2005 will likely stand even after economic growth returns. Emerging markets are still hungry for more oil, as members of their growing middle classes buy their first cars.
