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Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.
Unsurprisingly, a recent report from the US National Petroleum Council backs the findings of Maugeri. It says petrol and diesel engines: "are likely to be the dominant propulsion systems for decades to come, with liquid fuel blends continuing to play a significant, but reduced role".