Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity. The reason: peak oil demand is looming and countries are determined to make the most of their oil resources while they can. “Everything that can be produced should be produced while there is still demand to sell it,” the head of the energy committee at the Duma, the Russian parliament, said last month at the presentation of a draft document aiming to do just that. “The main thesis in this strategy is the monetization of current reserves and resources – that is, the maximum monetization of exports,” ... (full story)