petroleum demand

3 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Feb 3, 2018 by Frank Chen · across every show →

Everything said about petroleum demand, oldest first

Feb 3, 2018
Assertion Partly supported
Global oil demand has dropped only twice since the 1980s
“Only two times since the 19 eighties has petroleum demand dropped. One was in the recession in the early 19 eighties, and then another one was after the great recession started by the housing bubble in the United States in 2007.”
Frank Chen Feb 3, 2018 ▶ 1:49 The Autonomy Ecosystem: Energy (4 of 8)
Feb 3, 2018 bullish
Prediction Held up
Chen: Oil majors will acquire EV charging networks to hedge demand
“So expect to see many more deals like this where Shell buys an electric charging network as a hedge against future petroleum demand dropping.”
Frank Chen Feb 3, 2018 ▶ 3:47 The Autonomy Ecosystem: Energy (4 of 8)
Feb 3, 2018 bearish
Assertion Contradicted
Chen: Bloomberg forecasts global petroleum demand will peak in 2020
“Bloomberg's forecasts, even off the more pessimistic IEA base, are that we're going to reach peak petroleum demand in 2020 and we're never going to look back. That between efficiency gains for existing gas-powered cars and the introduction of electric vehicles…”
Frank Chen Feb 3, 2018 ▶ 3:16 The Autonomy Ecosystem: Energy (4 of 8)
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