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DewDiligence

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DewDiligence

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Re: biotech_researcher post# 14871

Monday, 06/19/2017 6:21:00 PM

Monday, June 19, 2017 6:21:00 PM

Post# of 29316
From the Bloomberg article you posted on oil demand:

https://www.bloomberg.com/graphics/2017-oil-projections/?cmpid=BBD053117_BIZ

Probably the most noticeable shift in transport will be the electric car. This won’t just be about cars with batteries, but part of the wider trend led by companies including Uber Technologies Inc. and Lyft Inc. toward transportation as an on-demand service in driverless vehicles summoned from your smartphone...

I don't see why the growth of Uber and Lyft, per se, will reduce oil consumption if such growth does not reduce the aggregate number of vehicle miles driven.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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