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Looking forward: We’re probably underestimating how quickly electric vehicles will disrupt the oil market. “Michael Liebreich, the head of Bloomberg New Energy Finance, expects oil demand to peak in 2025. The CFO of Royal Dutch Shell agrees — he said the company expects it to peak within five to 15 years. The World Energy Council predicts peak demand in 2030.” … “History has taught us that for new, distributed, consumer-focused technologies, unexpected explosive growth is … to be expected. Big oil companies and investors would do well to prepare.”

Looking backward: Be Your Own Tyrant: John D. Rockefeller’s Keys to Success. Long read, but a great write-up. Good principles for life.

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