Quote:
Originally Posted by NewIreland
I'm just curious as to where you're getting your information from? The consensus among the experts (quick search on google scholar) is that oil will remain at 100 dollars plus per barrel until at least 2050. Furthermore, the following countries' thirst for oil is expected to increase dramatically in the next 50 to 100 years due to industrialization and a growing middle/upper class:
Nigeria
Ethiopia
India
Bangladesh
Vietnam
Indonesia
Philippines
Kenya
Egypt
Brazil
Again, I just don't see the demand for fossil fuels decreasing any time in the near future, but I'm interesting in alternative viewpoints.
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Two of these will not be huge oil consumers, Ethiopia and Kenya are pro BEV to the point where one implemented an ICE ban already that had to be walked back and the other is launching its own domestic EV maker...Not to mention Vietnam with Vinfast if it ever gets its act together... Saudi Arabia and Turkey even have Ceer and Togg respectively...
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