This headline is so laughable that it hurts! So ridiculous! By repeating this peak oil demand myth etc. it does not become more realistic!
Just take Africa where only about 100 million individuals/households own a car! What about India?
"The International Energy Agency, which advises governments worldwide on energy markets, predicted total oil demand in 2028 would only reach 105.7 million barrels per day, 7.8 million barrels less than it would have been without the expansion of electric vehicles such as the Ford F-150 Lightning EV, left."
According to the IEA:
"... Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today. ...
In particular, the use of oil for transport fuels is set to go into decline after 2026 as the expansion of electric vehicles, the growth of biofuels and improving fuel economy reduce consumption. ..."
In particular, the use of oil for transport fuels is set to go into decline after 2026 as the expansion of electric vehicles, the growth of biofuels and improving fuel economy reduce consumption. ..."
Growth in global oil demand is set to slow significantly by 2028 New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand
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