VBIN's oil stock thread.

[fenders53]

(11-11-2020, 11:05 AM)EricL Wrote:

(11-11-2020, 07:57 AM)fenders53 Wrote: Do either of you know what % of oil is used by aviation and how much of that is passenger?  It would seem that ground transportation dwarfs it but maybe not?

This article is a few years old, but I doubt the percentages have changed much. 

Here's the relevant image from it:


As of 2015, vehicle transportation represented about 20% of liquids demand, trucking ~20%, and ship/trains/planes ~10%.

Thanks Eric.  I think we can add our little tweaks to the curves knowing what we know today about growth rates (or lack thereof) for our UTEs production, general direction of renewables, pandemic etc.  I asked the question because I have read comments that seemed to over-react to the passenger air travel peaks and valleys.  Doesn't seem to me it makes or breaks oil demand in the big picture.