According to Grover, "it only took a 10% cut in coal demand to radically slash the coal industry's credit worthiness," and there's been enough recent news consider the possibility that there might be a similar fate, and sooner rather than later, for the oil industry. He lists the following articles as examples:
What if Oil Is About to Have a Coal Moment?
It's always good to be wary of wishful thinking, but it's also a good idea to consider of what the world might look like ten to 20 years from now. Sami Grover writes a speculative piece that pieces together recent news about the growing market for electric vehicles and considers a provocative idea: disruption in the oil industry.
Join in on the conversation with Alex Masters Lecky when you subscribe to PEAK DEMAND.