Peak oil is here. Well, maybe.
Zero: The Climate Race
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The Decline of Oil Demand and the Need for Structural Decline
This chapter explores the decreasing demand for oil due to the increasing popularity of electric vehicles and efficiency improvements in transportation. It highlights the peaks in fuel oil and gasoline demand and discusses projections for the future decline in road fuel demand. The chapter also emphasizes the importance of achieving a permanent decline in oil demand to achieve net-zero emissions.
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