alt Hacker NewsBut, how much of the extracted oil becomes ICE fuel? Because other transports cannot be converted that quick (air, sea...) and most if not all petrochemical industries will still need to exist even if all cars drive electric. So how big will be the effect of crashing fuel demand?
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FpUser • today at 4:31 PM
I would add energy generation to ICE fuel. This is about 84-86% of total I believe
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25% of oil production is for cars
16% for trucks and buses
7% for aviation
4% for shipping
2% for rail and domestic waterways
25% + a chunk of the 16% (city buses, shorter distance or smaller trucks, etc) is a good amount.
https://www.statista.com/statistics/307194/top-oil-consuming...