[Tinordi]

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.

McKinsey: Global oil demand will peak by 2030

http://www.telegraph.co.uk/business/...ash-forecasts/

The latest downward revision to forecasts, from consulting firm McKinsey, could leave major new investments uneconomic if demand for energy fails to meet expectations.

“ This change is driven by three factors: first, overall GDP growth is structurally lower as the population ages; second, the global economy is shifting away from energy-intense industry towards services; and third, energy efficiency continues to improve significantly,” he said. “Peak oil demand could be reached around 2030. ”