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kpete

(71,900 posts)
Thu Aug 3, 2017, 03:27 PM Aug 2017

Shell Oil CEO stunner: My next car will be electric And he predicts oil demand may peak by 2030.

Peak oil demand can’t be far away when the CEO of one of the world’s largest oil companies says his next car will be an electric vehicle.

Last week, Bloomberg TV asked Ben van Beurden, CEO of Royal Dutch Shell, what the implications of the electric vehicle revolution might be for the oil giant, with countries like the UK and France planning to ban gasoline and diesel cars outright by 2040.

“The next buy I do is my next car, which will be an electric vehicle,” was Van Beurden’s surprise answer. Shell is Europe’s biggest oil company — indeed, its biggest company of any kind — with $272 billion in revenues last year.

A Shell spokesman told Bloomberg the CEO will get a plug-in Mercedes-Benz S500e in September, while the Chief Financial Officer “already drives a BMW i3 electric car.”




MORE:
https://thinkprogress.org/shell-oil-ceo-says-his-next-car-will-be-electric/

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Shell Oil CEO stunner: My next car will be electric And he predicts oil demand may peak by 2030. (Original Post) kpete Aug 2017 OP
This will have huge repercussions in the ME Kaleva Aug 2017 #1
It's already happening: HeartachesNhangovers Aug 2017 #2
The UAE is trying to diversify Kaleva Aug 2017 #3
I'm hoping more manufacturers will be putting out fully electric models. Initech Aug 2017 #4

Kaleva

(36,146 posts)
1. This will have huge repercussions in the ME
Thu Aug 3, 2017, 03:39 PM
Aug 2017

When the super rich gulf states see their revenues plummet. And slso for the other nations who depend on oil for much of their revenue. Iran, Iraq, Libya, Algeria, Nigeria.

2. It's already happening:
Thu Aug 3, 2017, 03:53 PM
Aug 2017
Saudi Arabia’s official foreign assets have fallen by a third to $500 billion at the end of April 2017, from a peak of $746 billion in August 2014 (“Monthly Statistical Bulletin”, SAMA, April 2017).


[http://www.reuters.com/article/us-saudi-reform-kemp-idUSKBN19D03W|

Initech

(99,914 posts)
4. I'm hoping more manufacturers will be putting out fully electric models.
Thu Aug 3, 2017, 03:56 PM
Aug 2017

I'd love to see it happen. I very badly want a Tesla Model 3.

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