Technological change to reduce oil demand

While in the 1970s and 1980s, there have been several fluctuations, global demand for oil has been growing steadily,Ceramic proppant which people traveling by car, plane and boat trips increasingly are inseparable. Three-fifths of oil are used in transport. With more than 20 million Chinese and Indians become richer, their car will also increasing, while the large international oil companies, the International Energy Agency and the U.S. Energy Information Administration predicted that oil demand will continue to increase.
Maybe they were wrong, because oil is nearing its peak. However, this "summit" a few years ago a number of theorists have extensive discussions of the "peak oil" not quite the same. These theorists was that oil supply will be stabilized, and then declined. But the article believes that the future will not be a decline of oil supply, but the demand. In developed countries, oil demand has peaked: Since 2005, demand has started to decline. Even accounting for all new cars in China and India, two major technological changes will weaken demand for oil worldwide. Change is the first Texan by the recently deceased George Mitchell initiated. Mitchell pioneered the use of " hydraulic fracturing " shale released from a large number of "non-traditional" natural gas. Newly discovered  shale gas  and conventional gas together with a large number of the world's reserves increased from 50 years to 200 years. In the United States, it was Mitchell's efforts to make shale gas have been successfully extracted from the ground, while the liquefied or compressed natural gas is increasingly commonly used in trucks and buses and other vehicles. In shipbuilding, power plants, petrochemical plants as well as indoor and industrial heating systems, natural gas can replace oil, which oil demand in 2020 will reduce the millions of barrels per day. Another big change is the automotive technology. Engine and vehicle design has made considerable progress also pose a threat to the dominance of oil. The first is the efficiency of the internal combustion engine itself. Gasoline and diesel engines are becoming more fuel efficient. The materials used to make automobile is becoming increasingly lightweight and strong. Electric cars and hybrid vehicles, as well as natural gas or hydrogen fuel cell vehicles increasingly popular, will have an impact on oil demand. Citigroup analysts said that if the fuel efficiency of cars and trucks increased 2.5% per year, enough to curb oil demand; they expected in the next few years, oil demand will reach its peak around 9200 barrels per day.