Peak oil

The end of cheap oil

Oil production will fail to keep pace with rapidly growing emerging economies, says Candice Beaumont of L Investments at the FinanceAsia/AsianInvestor Asian Commodities Investment Summit.

As China, India and other emerging economies continue to grow it is simply not possible for oil production to keep up, according to Candice Beaumont, a managing director of L Investments, a leading single family office with substantial investments in commodities.

The US population of about 300 million out of a global total of seven billion currently consumes around 25% of the world’s oil, so it is “unclear where the incremental oil is going to come from”, she said at the inaugural Asian Commodities Investment Summit, hosted by FinanceAsia and AsianInvestor, in Hong Kong yesterday.

L Investments is a firm believer in “peak oil”, which...

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