Incumbent firms in the energy sector, such as oil majors and commodity merchants, are experimenting with blockchain technology, and see it as a disruptive data solution that will alter the logistics of oil trading.
Data for driverless cars won’t be subject to the kind of geopolitical instability, price shocks, or environmental impacts that oil entails. But technical challenges of scaling the world’s data infrastructure to accommodate AVs could still result in disruptions or outages that limit mobility.
The Energy Information Administration (EIA) has downwardly revised its U.S. production forecast for next year once again, the latest indicator of how low oil prices have affected high-cost shale output.
Swings in gasoline prices appear to have an exaggerated impact on consumer behavior: car buyers always seem eager to believe that low gasoline prices are here to stay.