<
https://www.bloomberg.com/news/newsletters/2023-08-29/china-reaches-peak-gasoline-in-milestone-for-electric-vehicles>
"Earlier this month, Chinese oil giant Sinopec made a surprise announcement
that mostly flew under the radar. It’s now expecting gasoline demand in China
to peak this year, two years earlier than its previous outlooks.
The main culprit? The surging number of electric vehicles on the road.
As I’ve written previously, calling peaks is often a no-win endeavor for
industry analysts. The call will either be correct but seem obvious after the
fact, or wrong and lead to years of mockery. But this isn’t an analyst calling
a peak; it’s China’s largest fuel distributor. Sinopec knows the fuel business,
and more importantly, it has an interest in the business remaining robust.
Saying it’s all downhill from here for gasoline is quite a statement."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-abortion-mexico-vaccine-indonesia-conservation-alaska/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
