Platts has an article on another contributing factor to peak oil demand: 3d printing - Could 3-D printers hasten peak oil demand? – Fuel for Thought.
A global transition away from oil and gas is well underway as booming renewable energy sources and electric cars portend major changes for the industry.
Last week BP outlined the challenges ahead, but the company’s crystal ball has yet to focus on the disruptive potential from what may be the biggest paradigm shift in manufacturing since the advent of the factory.
Speaking at the launch of its annual long-term forecast, BP’s chief economist said the oil major is planning to grapple with the energy demand implications of the digital economy’s fast-growing upstart, 3-D printing. Also known as additive manufacturing, most technology watchers predict that the applications found for 3-D printing will only accelerate as networked automation, robotics, and Big Data become more pervasive.
“One of the things I think could really be transformative is additive manufacturing — artificial intelligence, 3-D printing and so on,” BP’s Dale Spencer said presenting BP’s energy outlook. “Suppose additive manufacturing really took off, so we do 3D printing of more and more things. The whole nature of trade, the whole nature of supply chain, changes fundamentally. I do not need to ship goods from one part of the world to another, I print it.”