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Page added on July 25, 2017

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Peak Oil Demand Could Hit In 2024: Goldman Sachs

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Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said Monday. Economic expansion in emerging markets — led by India — may stave off reaching a peak until 2030, although demand growth will still slow over the next decade given improving mileage in cars and trucks and the greater use of electric vehicles, the investment bank said. The global electric fleet, for instance, is expected to grow more than 40-fold to 83 million vehicles by 2030, from 2 million in 2016, the researchers said. “In our extreme case, we project peak oil demand in 2024,” the Goldman analysts said.

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7 Comments on "Peak Oil Demand Could Hit In 2024: Goldman Sachs"

  1. Sissyfuss on Tue, 25th Jul 2017 8:49 am 

    And peak NTHE could hit by 2026. Timing is everything.

  2. ____________________________________________ on Tue, 25th Jul 2017 8:09 pm 

    fuck you goldman fachs. how can retards be sustained for so long?

  3. Laci on Wed, 26th Jul 2017 10:54 am 

    If Goldman is right, I believe lower growth is the key to that prediction.

  4. Cloggie on Thu, 27th Jul 2017 4:26 am 

    Self-driving cars 0.9:

    https://www.youtube.com/watch?v=jG8fSa6mzic

    Bosch has introduced a technology with which automated self-parking has become reality, for upscale models that is. You park your car at a “drop-off-area”, and start the parking procedure via an app. The car is slowly guided, not by itself, but via the parking reverse procedure.

    http://www.spiegel.de/auto/aktuell/automatisiertes-parken-so-will-bosch-parkhaeuser-revolutionieren-a-1159738.html

    Necessary precondition: the car needs to be equipped with ultra sound sensors, radar, laser sensors, video camera’s, gadgets high-end cars already possess.

    Perfect stepping stone to let the public get used to the phenomenon of self-driving cars, which eventually will lead to the end of the necessity of owning a car that 98% of the time does nothing.

    #CarOnDemand

  5. Cloggie on Thu, 27th Jul 2017 4:30 am 

    “The car is slowly guided, not by itself, but via the parking reverse procedure.”

    Should be:

    “The car is slowly guided, not by itself, but via the parking garage. Leaving: reverse procedure.”

  6. Davy on Thu, 27th Jul 2017 6:10 am 

    Self-driving cars are senseless. We don’t need them. What we need is more mandated EV’s and make these EV’s a standard. Cars need to become all about efficient, clean, and economic transport for all and less about consumer satisfaction. Those days are over. We are no longer affluent enough considering what we face. This paradigm shift will likely not happen but it should and in the meantime it should be talked about so at least we can acknowledge reality. Self-driving cars are an expensive distraction prone to technological failures.

  7. Kenz300 on Thu, 27th Jul 2017 7:06 am 

    The divestment in fossil fuels has begun.

    Investors are putting their money on the future sources of energy production.

    Fossil fuels are the past.

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