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Post# of 29598
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biocqr

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Re: DewDiligence post# 14982

Tuesday, 06/20/2017 9:24:08 PM

Tuesday, June 20, 2017 9:24:08 PM

Post# of 29598

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.


I'll take a stab...

on-demand = less car ownership/higher utilization
less car ownership/higher utilization = fewer cars on road
fewer cars = fewer traffic jams
fewer traffic jams = higher fuel economy/efficiency
higher fuel economy = less oil demand


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