Saw this article on Bloomberg and wanted to get the views of the monkeys lurking here. Do you reckon that global gasoline demand has peaked with the introduction of Tesla's electric cars?
The International Energy Agency forecasts that global gasoline consumption has all but peaked as more efficient cars and the advent of electric vehicles from new players such as Tesla Motors Inc. halt demand growth in the next 25 years. That shift will have profound consequences for the oil-refining industry because gasoline accounts for one in four barrels consumed worldwide.
Do you agree with it? I personally do not think that the demand has peaked. Even though the concept of electric cars has caught on, I believe that we still have yet to see the demand peaking as gasoline is still used for other transport vehicles (Trucks/boats etc).
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