No. of Recommendations: 6
"Demand for hydrocarbons may not go away, but increasing demand will go away."Maybe in U.S., but not globally according to the XOM forecast. See slide 8.
mcusercontent.com - XOM Global Outlook COBT Oct"The percentage share of total U.S. petroleum consumption by major end-use sectors in 2022 was:
transportation 66.6%" As was pointed out in the presentation, light duty vehicle energy demand, may peak this decade but heavy duty trucking, aviation, marine and rail transportation will all be growing globally.
Industrial demand will be up as far as the eye can see...according to XOM of course.
P.S. Might be good to post a link referencing where you are getting your numbers.
