In twenty years, perhaps half the sedans in urban areas will be EVs; five to ten years out, an EV will enter consideration as a household commuter vehicle in suburbia; in fifty years, whomever is alive then will be zoomin’ around in hovercraft.
.........
Which means that peak oil demand is about 10 years out. Which means that the demand for dollars to fund the international oil trade will decline subsequently. Which means that the USA has get its trade deficit down so that the world is not awash in dollars as dollar demand for international trade—declines. So that the USA is not drowned by inflation starting in 10 years.
The USA is blessed to have real leadership.
There is no Peak Oil, but we are blessed to have real leadership.