Is the decline of oil in sight?

        July 27, 2023 BBC | Global | fossil fuels: oil

With more renewables, oil production will drop from 100 million barrels a day by 2030 (peak demand). The biggest consumer is transport at 60%, two-thirds road fuel (cars, trucks, vans). In 2022, 14% of new car sales were electric, up from 9% in 2021 and 5% in 2020. China has 600,000 buses and 14 million EVs, half the global fleet. Petrochemicals are 16%.