For fuel from petroleum, the demand will decrease, however products that can only be made from petroleum feed stock will be needed.
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Well, yeah where demand will decline in 10-15 years will be just gasoline because of conversion to natural gas houses, trains trucks and buses. But also, and here I’ve been converted to believing this in the last year—But also, electric cars will cut into demand for gasoline. I don’t don’t think that this is just about Tesla though Tesla RIGHT NOW is a major part of it — rather its about what Tesla is forcing the major automakers to do. That is...the major auto makers are being forced to invest a whole lot more into electric cars.