Anas Alhajji On the Energy Outlook, Climate Change and Arctic Oil
Macro Hive Conversations With Bilal Hafeez
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The Exaggeration of the Impact of Electric Vehicles on Demand
Oil demand in 2019 was 100 million barrels a day, which we are going to reach at the end of 2022. To keep world oil demand at 100 million barrel a day until 2050, we need 700, at least we need 700 million electric vehicles on the road by that time. Here is another message for those who invest in oil or they don't want to: The best investments coming up in the coming decades will be oil and gas. We still need trillions of dollars throughout this period just to supply 100 million gallons per day.
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