The electric car revolution that California’s utilities are preparing for will transform the oil industry. History is full of examples that industry leaders are ill-prepared to deal with such shocks and present-day oil companies are no exception. Downplaying the impact of the electric car is still the mantra of the oil industry. But BP is now giving a different message. The British oil giant says the electric car could halve the demand for oil from vehicles. BP estimates that shift to cleaner energy means that by 2050 demand will be less than half of the oil which is available. That means that—even in the vision of a major oil company—a lot of oil is not going to be burned.
BP sees demand for oil slowing with electric car revolution
More of Today's Solutions
Colombia sets precedent to protect uncontacted Indigenous communities and bio...
BY THE OPTIMIST DAILY EDITORIAL TEAM In a landmark decision, Colombia created its first officially recognized territory dedicated to safeguarding Indigenous peoples living in ...
Read MoreEffective stress management: trade in the ‘fight or flight’ response for ‘ten...
BY THE OPTIMIST DAILY EDITORIAL TEAM When we experience stress, most of us are familiar with the fight-or-flight response. Our bodies prepare to face ...
Read More3 ways to get the most benefits out of your daily walk
During the pandemic, walking has become many people's new workout? With fitness facilities closed, people got a little more creative with how to stay ...
Read MoreNew York Governor protects transgender youth’s right to transition-related care
New York Governor Kathy Hochul took an important step toward preserving the rights of transgender adolescents on Sunday, June 25th, by signing legislation to ...
Read More
