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farticustheelder t1_iry1mk8 wrote

I have argued for years that Peak Oil happened back in 2017. I posit that any perceived increase in demand since then is just China and India filling Strategic Petroleum Reserves and since that oil is not consumed I ignore it.

In the US average daily diesel consumption so far this year is 3.921 million barrels, 5 years ago it was 4.035 million barrels. Had Covid not happened this period would be considered a plateau preceding the inevitable collapse.

Amazon is spending $1 Billion to electrify its EU road delivery fleet. Shipping is a very competitive business so the rest of the industry is electrifying just as fast.

Most people seem to think oil demand goes up next year by 1-2 million bpd, I think it falls by about 1.5 million bpd.

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Pooleh t1_iry86oo wrote

That's some interesting data. Where do you get the info for bpd?

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