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b'In this Episode (recorded before the COVID 19 crisis, please listen to Episode 20a - Addendum to this Episode) we welcome Callum Macpherson - Head of Commodities at Investec - to discuss Oil, and more specifically how Oil can or cannot be displaced from its various uses: Automobile, Heavy Duty, Shipping, Aviation...
IS the world really running out of Oil? Or is it only running out of \\u201cCheap Oil\\u201d? But the real question shouldn\\u2019t be rather: are we facing \\u201cPeak Demand\\u201d?
Oil is a humongous market, it has sailed though crises during its history and has always managed to reinvent itself. But is this time different? The reality is extremely complex as a lot of conflicting forces (such as carbon, price of alternatives, geopolitics, tax revenues, security of supply...) are here at play.
We might end-up with surprising outcomes!
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