Wednesday, April 26, 2017

Oil industry bullish on demand - electric cars no threat

ABO: "Forty years of social and political efforts to recycle packaging, for example, have only succeeded in eliminating one year of average global plastics demand growth. The growth in petrochemical demand alone is bigger than the reduction we expect to see from adding more electric cars. Taken together, this explains why, under current policies,  the outlook still sees robust oil demand growth for several years to come."