Diesel faces global crash as electric cars shine https://www.ft.com/content/b7d0c024-be1e-11e6-8b45-b8b81dd5d080 … via @FT
It's enough with a few percent drop for a crash to happen. Think oil 2014.
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Big effect yes. But crash is a big word. Heating Oil is diesel & is still big in US & EV will displace a lot of gasoline cars
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Still big is not really the issue. Look at the great recession. Few economies back more than 5% and that was considered a disaster.
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Have you factored in that shipping is being forced to switch from cheap high sulphur bunker oil to diesel? Millions of tonnes
End of conversation
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