Quote:
Originally Posted by Fuzz
What year do you think we will reach peak oil consumption?
|
I think OECD countries have already peaked or will peak in the next 2 years. Globally, the peak very much depends on kind of infrastructure investment in China and India. Probably 2030.
The key indicator to watch for is EV sales, right now they're 0.6% of total sales in the U.S. The velocity of that increase will matter greatly, if it gets to 1.2% in the next 5 years the peak in oil consumption will soon follow.