The executive director of the International Energy Agency made headlines recently when he wrote. Meanwhile, at the recent World Petroleum Congress meeting in Calgary, oil and gas industry insiders were telling each other lies about an
But there’s a way to tell where the world is going, and that’s to look at data from the biggest pockets of the future you can find. That’s a key part of my analysis and projection process, which I ascribe to William Gibson, a brilliant author and aphorist. His Blue Ant series is best summed up by his phrase,In recent years, that’s meant I’ve been spending a lot of time looking at what China is doing. In 2014, I started my series of looking at how wind and solar scale vs.
Given that 45% of every barrel of oil turns into gasoline, that means China has reached peak petroleum demand. China has an oil demand of approaching 13 million barrels per day, compared to USA’s 20 million and Europe’s 19 million. Between these economies, they represent a full half of global oil demand.has pointed out that peak gasoline and diesel demand has already arrived in the USA and Europe.
There is no world where the most developed economies turn the corner to electric vehicles and the rest of the world radically expands their internal combustion fleets. No, the rest of the world will electrify as well. For example, Lagos in Nigeria has reached an agreement to buyHalf of the world’s economy has already reached peak gasoline and diesel demand while electric vehicle deliveries in every segment are shooting through the roof.
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