BP's peak oil rejection

A fight for energy market supremacy is brewing as natural gas chases long-time leaders coal and oil. And while oil may be flailing, peak oil theory has nothing to do with it.

For the first time since the industrial revolution the world is moving into an era without a dominant energy source. That's the assertion of global oil giant BP, which is also offering a reality check on the notion of peak oil.

The company’s general manager of global energy markets and US economics, Mark Finley, is adamant that natural gas, coal and oil will all scrap for the top spot over the next two decades.

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