for Oil Demand
The deeper risk from Turkey's economic crisis is if the contagion spreads as major banks are exposed to souring emerging market assets, or because businesses and even entire governments struggle to pay back the mounting debt denominated in U.S. dollars.
Oil majors and NOCs turn to petrochemicals as a safe bet in a potentially decarbonizing world.
NHTSA and EPA's own analysis has found that lightweighting, when done properly, poses no overall increased risk to highway safety. In recent years, record U.S. auto sales have coincided with significant fuel efficiency gains.
Given the natural synergies between autonomous vehicles and EVs, the growing interest and recognition of self-driving cars will spur a greater acceptance of electrification.
Headlines around electric cars and carbon policy suggest our oil dependency is on a slippery downward slope. Recent data from 2016 suggests the opposite: our worldwide addiction is getting stronger.
If refinery utilization remains near current levels, there is the danger of more inventory increases and downward pressure on product prices.
Although the public has not warmed to the idea of self-driving vehicles, consumers are open-minded about autonomy and willing to change their attitudes.
The past two years have reminded many observers that black gold is tough to beat, no matter what commitments countries make, and that countries like China still have a lot of room to grow.
The number of EVs that it would take to disrupt 2-3 percent of oil demand would boost global copper demand by 30 percent.
Right now, OPEC is revealing just how far from dead it really is, and realizing how much it can accomplish with words and meetings alone.