Things I Learned This Week, March 4th, 2018

Article: Reports Of Oil Demand’s Death HaveBeen Greatly Exaggerated, FT.com

Key Points:

  • Electric vehicles have barely dent oil demand.
    • Today’s 3m EV’s displace less than 60,000 barrels a day of oil consumption.
    • Less than 0.06% of total global demand.
  • The cost of batteries have come down sharply over the past seven years, but further cost reductions will prove to be tough when the price of lithium and cobalt have tripled.

 

 

 

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