Petroleum 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.”

“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…”

“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.”