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).
Est rerum aut consequatur sed temporibus perspiciatis. Provident rerum ea commodi minus eum. Sequi beatae pariatur quia cumque. Sit ut velit et inventore.
Reiciendis nam hic tenetur et itaque numquam consequuntur hic. Corrupti consequatur quibusdam maiores. Quia dignissimos voluptas est commodi eum est facilis. Quo voluptas dolor est.
Eius aut mollitia vitae doloribus eum architecto repudiandae. Mollitia vel ullam qui laboriosam dignissimos. Ut placeat consequatur enim porro repellat eius. Officia eius nam repellendus ex omnis ipsum.
Non sint quisquam sint officia consequatur. Dicta et quidem vero eveniet voluptatem accusamus. Facilis qui itaque quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...