Quote:
Originally Posted by Tinordi
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.
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Sounds like speculation.
I don't know why you would think all of a sudden people would get into ev's. Ev's have been on the market for over a decade and the increase is slow. The only thing that would get enormous amounts of people into ev's are ridiculously high gas prices. However i don't see oil corporations just letting that happen. There's a lot of greedy people out there, until that changes i think we're stuck with oil.
Let's assume everybody get's a 100% ev tomorrow. That would still only reduce oil demand by 44%.
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