Oil demand could peak globally as soon as 2020, putting downward pressure on oil prices, due to a combination of vehicle fuel efficiency standards, and competition with natural gas and electric vehicles.
‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group
BlackRock investment group, with $5 trillion in assets, is bullish on electric cars and renewables.
The Rapid Acceleration Towards Peak Oil Demand | OilPrice.com
Decreasing demand in the developed world, and more stringent climate change policies in industrializing countries are bringing the world closer to peak oil demand according to several independent studies
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