Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above $US 55; the first time in over two years. Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst case, if missiles start flying between two of the […]
This is the fourth and final in a series of columns exploring the potential impact of electric vehicles on oil consumption. The world isn’t reinventing the wheel. But we’re changing how it turns, who it carries and where it’s going. Over the next few decades we’ll be plugging in more cars, hailing and sharing them, […]
This is the third in a series of columns exploring the potential impact of electric vehicles on oil consumption. Internal combustion engines keep accumulating at a rate of tens of millions per year. When is the earliest date that we could expect to see “peak piston”? Your intuition may be taxed when I say this, […]
This is the second in a series of columns exploring the potential impact of electric vehicles on oil consumption. Imagine if we woke up tomorrow and read the headline, “GLOBAL PACT: ALL COUNTRIES AGREE TO BAN THE SALE OF INTERNAL COMBUSTION ENGINES.” And then imagine that we wake up in 2040 and learn that every […]
