End of Oil? We’ve Heard that Before

What Coal’s Past Reveals About Oil’s Future. One of the core arguments against building new oil pipelines is the belief that demand is destined to fall—the oft-quoted “end of oil” narrative. Yet predictions of oil’s demise overlook its wider uses beyond transportation. As petrochemical demand surges and advanced refining hubs expand across Asia, the pull for Canada’s heavy crude is growing. History shows that when one resource market fades, another opens.