03 Nov Is Oil Diminishing Exponentially as the World’s Dominant Energy Source?

The Effect of the Worldwide Electrical Car Sales “Boom” is a good indicator.

It is a fact that electric vehicle sales are accelerating worldwide, theses sales have been growing in excess of 50% last year, with many countries including Norway, Germany and even India, pressing the environmental case for the banning of fuel-burning cars in cities initially and the country wide longer term in a drive to go all electric.

In support of the suggested drive to find alternative energy sources it’s a fact that the global oil demand growth index is falling away faster than expected, as described in a recent International Energy Agency (IEA) oil market report explaining the slowing down of oil demand and a “major reason” is that cars are moving to electricity as an energy source and traditional cars being much more fuel-efficient.