The good news is that the International Energy Agency, an autonomous intergovernmental organisation that has been tracking energy issues since the oil crisis in 1973 noted that while the 2021 increase in oil consumption would be more than the drop in consumption in 2020, petrol consumption probably peaked in 2018. It held steady in 2019 and dropped in 2020. 

While, in time, you might assume it will rise beyond the 2018 high, they expect it will not reach the 9.33 million barrels per day again.

The reasons include continued increases with fuel efficiency, a trend to more remote working and telecommuting and the increase in the sale of electric cars.

Image credit: CHUTTERSNAP on Unsplash

The good news is that the International Energy Agency, an autonomous intergovernmental organisation that has been tracking energy issues since the oil crisis in 1973 noted that while the 2021 increase in oil consumption would be more than the drop in consumption in 2020, petrol consumption probably peaked in 2018. It held steady in 2019 and dropped in 2020.&nbsp;
While, in time, you might assume it will rise beyond the 2018 high, they expect it will not reach the 9.33 million barrels per day again.
The reasons include continued increases with fuel efficiency, a trend to more remote working and telecommuting and the increase in the sale of electric cars.
Image credit: <a href="https://unsplash.com/@chuttersnap?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">CHUTTERSNAP</a>&nbsp;on&nbsp;<a href="https://unsplash.com/s/photos/electric-charger?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

A guide to surviving the 4th industrial revolution.

Business Unusual

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.
Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. <a href="http://www.capetalk.co.za/features/110/business-unusual">The associated articles and videos are available here</a>

Advertisement