The David Rubenstein Show, Peer to Peer Conversations : BLOOMBERG : November 11, 2018 1:30am-2:00am EST
week. digging and more into brazil as well. the current president jair bolsonaro, petrobras has are the main big discoveries which means less risk. the country could raise as much as $27 billion. moving to ags. not good news for soybeans. american inventories reaching 955 million bushels. plus industry cut its metrics for outlook. i want to dig deeper into the question of peak oil demand. exxon mobil chief executive darren woods talked about how emerging technology is affecting oil demand. >> let's assume by 2025 every new vehicle in the world sold his electric. by 2040 the entire vehicle fleet is electric. what is the impact on world demand for the world? if you look at that projection, demand in 2040 for oil is what it was in 2013. what people miss is the demand in transportation is driven primarily by heavy-duty commercial transportation, which is driven by economic growth. alix: exxon still thinks oil will play a big role in energy demand, even when the oil mix -- energy mix evolves. the average growth per year from 2016 to 2040 is over 6% for wind and solar versus 0.7% of oil.
The David Rubenstein Show, Peer to Peer Conversations : BLOOMBERG : November 10, 2018 10:00am-10:30am EST
, digging in more into brazil as well, the current president, jair bolsonaro's energy team could push for the sales of the prize pre-salt deposits, where petrobras has already made some big discoveries, which means less risk. a change for the country, and the country could raise as much as $27 billion. and moving to ag, some not so good news for soybeans. american inventories seem to be reaching 955 million bushels, plus the agency cut its outlook for u.s. exports, a key metric to watch as the trade battle between china and the u.s. continues. and i want to dig even deeper into the question of peak oil demand. at bloomberg's new economy forum, exxonmobil chief executive darren woods spoke about how emerging ev technology is affecting oil demand. darren: let's assume that by 2025, every new vehicle in the world sold is electric, so that by 2040, the entire light vehicle fleet is electric. what's the implication on oil demand for the world? and if you look at that projection, all light new vehicles are electric, the demand in 2040 for oil is about what it was in 2013. what people miss is th
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