, Columnist
Somebody Tell Saudi Aramco Peak Big Oil Is Here
No wonder investors are skittish about its IPO.
Enjoy the party while it lasts.
Photographer: Matthew Martin/Bloomberg
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About 14 years ago, all anybody could talk about was Peak Oil Supply: We would soon start running out of the stuff, reverting us to a donkey-powered global economy. Now everybody talks about the opposite: Peak Oil Demand. And that has led to another oil-related peak: Peak Big Oil.