The sun sets on drilling (Image: Pexels)

Redefining Geopolitics in the Age of Electric Vehicles

Oil has played a pivotal role in shaping geopolitics for more than a century. But the rise of electric vehicles and shift toward cleaner fuels means that the world’s dependence on oil could begin to shrink, with both expected and unexpected consequences. Most countries are not prepared for the consequences of this transition, according to

Electric vehicles alone could cause peak oil demand within decade

In an aggressive scenario, electrified transportation could displace 8 million barrels of oil per day. When Tesla announced that it had built 7,000 cars in a week, I got excited. Even though electric vehicles (EVs) make up only a small percentage of new car sales in most countries, those sales are growing rapidly. But how

The sun sets on drilling (Image: Pexels)

Electric vehicle sales promise shock for Big Oil

If motor manufacturers are right about the prospects for electric vehicle sales, an oil price crash won’t be far behind. LONDON, 5 July, 2018 – Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says. If the car manufacturers’

Big Oil, Utilities are Lining Up for an Electric Vehicle War

BP and Shell have bought electric-car charging companies Power utilities are boosting sales to homes, chargers on roads A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth.