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Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil every year. Now, a new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies... Oil analysts predict peak consumption in 2036
Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil every year. Now, a new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies... 
The latest study on the future of transportation paints an increasingly dim picture for the oil industry, though it suggests that the industry is in no danger of collapse. Instead, Big Oil will lose its dominance in the transportation sector over a 25-year period as electric cars and mobility solutions (ride- and car-sharing services) become more... 
Predictions on the future of global energy vary greatly, but many analysts largely believe that peak demand for the oil industry is coming relatively soon. The world's largest oil companies, however, see it differently: they say their business will only continue to grow through the year 2040. Exxon and OPEC each believe more than 100 million...