Its not about peak oil. its about EV’s. they’re going to kill the demand for oil. Even GM has recently announced they’re going all electric.
EVs still need natural gas.
And what produces the majority of electricity? Natural gas, coal and in smaller cases, oil. A report a while back said that for wind farms to produce electricity for, say, LA you’d need a wind farm the size of Arizona; plus, it takes electricity to power those electric wind generators to a peak of 3Kw.
Petroleum has lots of uses, not just for cars and trucks.
Be nice if EVs become a significant factor in the transportation mix.
Probably at least two decades out.
Battery technology is still not up to it.
The electricity charging the ev doesnt come from an unlimited supply in the wall behind the outlet in the pantry...