How the heck are we at 8c?

We have all seen the predictions by the oil companies themselves or related reports as to oil demand.
I don't believe what they are saying after being delving into renewables/technology research.
Demand of oil will decrease a lot over the next decade or so IMO, for a number of reasons. The report posted below goes into a lot of detail with valid and researched reasons as to why oil will peak in 2020/21 at approx 100mb and will decrease swiftly from then on. Technology, efficiency and costs is the driving force behind the demise of the oil industry. Just like Uber gobbled up taxis everywhere due to the cheap prices, TaaS will do the same for combustion engine powered vehicles, gobble gobble.

1. Investments are being and will be pulled out en masse over the next 10 years from F.F/oil.
2. Emissions mandates and sustainability are coming under the spotlight
3. EV's E. Buses and E. Trucks will take off much quicker than expected by the mainstream.
4. Massive spending into EV charging and infrastructure by major auto makers.
5. Independence from oil price spikes through battery storage/solar.
6. TaaS - travel as a service will be huge as per the report, the price savings are undeniable for many industries.


Show me a big oil company that you think you would get a decent return on or have gotten a decent return on in the last few years/decade, I dont know any. Why would you invest in a big oiler, they dont even offer decent dividends. They are just cash cows for greedy executives, corrupt corporations/politicians and terrorists/thieves, no good for shareholders. I dont doubt that Senegal politicians will have their hand in the honey pot and we are already maybe seeing that and years away from production.

https://www.*.com.au/no-one-will-own-a-car-in-the-future-2017-5?r=US&IR=T

https://static1.squarespace.com/sta...80288/Rethinking Transportation_May_FINAL.pdf

http://www.visualcapitalist.com/global-black-market-fuel-theft/

Luckily for FAR we are on the bottom rung of the price chain which will stand in our favour against more marginal investments but I think the days of multi bags and huge takeover offers in oilers are over, IMO.