Tag Archives: EVs

Oil Demand Growth to Hit Zero Within a Decade

By 2030, oil demand growth will zero out as consumption is expected to hit a permanent peak, before falling at a relatively rapid rate thereafter. The main driver of the destruction in demand is the proliferation of electric vehicles. 

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Why Buffett Bet A Billion on Solar

By 2030, millions of people will have transport fuel that is ‘on the house.’ During the midday hours, many grids will experience negative pricing as solar PV floods the market to the extent that the power cannot be stored. As millions of electric vehicles hit the road, they will likely become the default destination for stored electricity. Chevron, ExxonMobil and Shell cannot stop this. They had better think seriously about financing solar and wind arrays.

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