Poten's Weekly Opinion: Pulling the plug on Gasoline

Oct 14 2021

The impact of electric cars on future gasoline demand.

Transportation fuels make up more than 55% of global oil demand and if the world population switches from cars, trucks, planes and ships powered by fossil fuels to ones that use batteries or – in the case of airplanes and ships – non-fossil fuels, it will have a dramatic impact on global oil demand. Over the years, the debate has switched from if that will happen to when it will happen. The situation in shipping and aviation is complicated. In the shipping industry there is no clear frontrunner with respect to the energy source that will replace fuel oil as bunker fuel. In aviation we are even further away from a credible and scalable alternative to jet fuel. The situation in cars and light trucks is different. Electric vehicles (EVs) are the clear alternative to the gasoline and diesel-powered cars and sales have accelerated in recent years. However, the question remains: how quickly will electric cars replace vehicles with internal combustion engines (ICE) and where will that happen first?


Download The Weekly Opinion


Related News

Developments at OCIMF

(Nov 11 2021)

In its May, June and July newsletters, OCIMF reported on finding a pathway with climate change, West Africa piracy government initiatives, and concerns about marine loading arm maintenance, and much more.

Poten's Weekly Opinion: Making Waves in The Pacific

(Nov 11 2021)

The Aframax trades in the Pacific are due for a change.

Iran frees Vietnamese oil tanker that it seized

(Nov 11 2021)

Vietnamese oil tanker reaches international waters after Iranian military took control of it October 24.

Poten's Weekly Opinion: Back in Control?

(Nov 04 2021)

OPEC+ seems to have regained its grip on the oil markets.

US denies Iranian account of attempted oil tanker capture

(Nov 04 2021)

Claims by Iran’s Revolutionary Guards that they thwarted a US attempt to capture Iranian oil on a tanker in the Sea of Oman are untrue, US officials have said.

Oct-Nov 2021

Behavioural competency assessment - crew mental health - Ardmore Shipping - understanding CII - rotor sails - aft peak tank ballast