- It IS the OIL stupid.

Started by RE Dec 21, 2023, 02:36 PM

Message path : / Planetary Material Conditions / Peak oil / It IS the OIL stupid. #3


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Quote from: TDoS on Dec 20, 2023, 08:22 PMThose EVs must have put quite a dent in demand for peak oil half decade ago not to have elicited higher prices.

I don't think it's so much EVs as demand that never returned after the Covid Collapse in 2020.  That squashed a lot of the Chinese demand for oil for factories and construction.

RE

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