16 Feb '17, 11am

Disruption to oil demand may be much closer than you think

When I asked whether consumer choices are an act of political rebellion , I noted that it only took a 10% cut in coal demand to radically slash the coal industry's credit worthiness. What if we could do the same thing for oil? There's good reason to assume that just such a disruption is coming, and sooner than many people think. Consider these recent headlines from around the web: — Smart cars going 100% electric in the US (Cleantechnica) —Sydney Airport orders 40 more electric buses (Cleantechnica - again...) —Vattenfall (a giant Swedish utility) converting entire vehicle fleet to electric —20% of new buses in China are now electric (yours truly) Headlines like these are coming so thick and fast these days that we have to pick and choose which ones we write about. Individually, they are all just a blip in the global picture of oil demand, but collectively it won't be long...

Full article: http://www.treehugger.com/cars/disruption-oil-demand-may-...

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