“Might the world become less dependent on oil? One thing we see from history is that every time someone says: ‘This is it, we’ve reached ‘peak oil’ production,’ there’s more – something else is discovered. There’s been much talk of the end of the age of oil, as oil runs out and/or ‘cleaner’ energy sources are preferred. I don’t think we’re ever going to find a perfect source of energy.”
Read more about why global oil prices are “so stubbornly erratic” in my interview with BBC History Magazine in their May issue.