Blankfein Megan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Peak oil which is usually focused on supply. What the story talks about his oil demand is peaking sooner than a lot of governments, a lot of executives may have thought. That is down to several factors. Electric cars are really gaining in popularity. Chinas growth has slowed and there is pushback on a mission for cleaning up the environment. That has led to a quicker slowdown in demand for oil, obviously coupled with extraordinarily low prices. That is pressing on the demand side of the equation. Oliver what i thought was interesting is that when you think about potential peak demand for oil, there is a lot of cataclysmic theories you can come up with because so much of the worlds biggest powers rely on that for income. In the story none of these institutions really seem too alarmed about it yet. Megan i think it will get more alarmed. The number one example of a place that is reinventing what is doing is saudi arabia with aramco and how they are trying to reinvent their economy
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