RE:RE:RE:Iimpending Chineses VI B emission rules begin July 1, 2023I guess there are really a few points here...
1....yes I agree with you that there is a lot hypocrisy and virtue signalling going in that there is a push for EVs and the narrative is that it will save the planet due to lower emissions when that is simply not true - especially in the case of coal fired plants to produce the necessary electricity especially in China
2....despite Point 1, the fact of the matter is that the transition to EVs will reduce the world demand for oil since very little oil is used to produce the electricity needed to reload the EV electric batteries
3....one would hope that this hypocrisy would be self evident to the "masses" but from my experience in spending a considerable part of my life in the US is that the average person in the US will not be aware of this fact since the media won't tell them what is really going on. To a lessor extent this is also true in Europe.
Bottom Line?
Oil usage in the transportation sector world-wide is going towards zero over the next couple of decades.
Oil usage in petrochemicals will go down as well, although at a slower pace.
None of this is good news for people invested in oil for the longer term.