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NorthPeak22

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NorthPeak22

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Wednesday, 07/10/2024 7:59:54 PM

Wednesday, July 10, 2024 7:59:54 PM

Post# of 51826
"Peak oil demand" is misleading imo. Gasoline consumption might drop as you electrify transportation, but how are you going to generate the electricity to charge the EV's? Natural gas. What is going to be used to power AI? Natural gas. What's going to power the next generation shipping fleets of the world? Natural gas. "Oil" will NEVER fall out of demand bc it simply has too many byproducts that are needed to create the very things the future will depend on.

https://www.goldmansachs.com/intelligence/pages/peak-oil-demand-is-still-a-decade-away.html
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