BofA Forecasts Peak Oil in 12 Years

Oil demand to peak by 2030 due to EV adoption, says BofA. These forecasts are getting increasingly confusing. Just the other day a Mazda engineer I think it was who said with enough progress on ICE efficiency, EVs could become obsolete before they become mainstream.

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So it's no longer 'peak oil', but 'peak oil demand'?

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Indeed, the IEA is definitely not bullish on demand...

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I think their forecast might happen, maybe not soon as they say but still faster than we think. 

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Well I personally don't trust to these bank forecasts. Too risky for me to bet on. 

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Well 12 years seems a bit aggressive, but who knows. Seems too ambitious. I think it's going to take a while for EVs to shake out.

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