How can two schools of thought both be right about peak oil?

There are two major opinions about whether or not oil has reached its peak already or whether it will reach it in 10 years. We wanted to explain where these two schools of thought are coming from and what this implies for the future of oil. The truth is that right now there are at least two major global influences on the use of oil, firstly the rise in the number of Electric Vehicles used globally each year, and secondly the effects of the pandemic. To factor in the effect of the pandemic you have to looks at three key areas, the reduction in passenger flights globally, and ask how long this will last; the increase in freight, both through…