Our take on the energy transition has always centered on two dynamics. The first is that cost and performance drive the transition among energy sources as it does with all products and services in all industries. The second is that the energy system is, well, a SYSTEM with thousands of supply sources and millions of[…]Read More
A recent rebalancing of the S&P 500 ESG Index, excluded Tesla (TSLA) due to poor performance on the “S” (social) and “G” (governance) standards. Specifically, S&P said, “While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.” In[…]Read More
Key Takeaways Our recent posts looked at growth in electric vehicles (EV) and their potential impact on global oil demand (2030 demand likely higher than 2019). We now turn to EV’s impact on electricity demand and investment in electric utility infrastructure. 100% EV penetration of on-road passenger vehicles would nearly double U.S. residential electricity usage[…]Read More
This deep dive is for readers who want more background to our Insights post on Friday, August 20, 2021, regarding the drivers of electric vehicle adoption across the on-road fleet and the glacially slow impact we expect it to have on oil demand over the next ten years. In our opinion, the four factors that[…]Read More
Key Takeaways Most oil demand forecasts anticipate global oil demand to stubbornly grow over the next decade despite more and more government polices to encourage the sale of electric vehicles (EVs), like Biden’s August 5th Executive Order targeting 50% of new car sales to be zero emissions by 2030. Why the disconnect? Three reasons: 1)[…]Read More
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