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Opinion
David Fickling

Even Exxon Mobil Is Capitulating to Peak Oil Demand

The most stalwart of producers seems to be having doubts about the future of crude.

Backtracking?

Backtracking?

Photographer: Andrew Harrer/Bloomberg

Et tu, Exxon?

Through all the shifts that have swept through the oil market in recent years, one thing has been a reliable constant: Exxon Mobil Corp. has remained resolute in its bullishness about the future of crude.