TY - BOOK ID - 78437563 TI - Riding the Energy Transition : Oil Beyond 2040 AU - Cherif, Reda. AU - Hasanov, Fuad. AU - Pande, Aditya. PY - 2017 SN - 1484301315 9781484301319 1484301129 9781484301128 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Investments: Energy KW - Infrastructure KW - Macroeconomics KW - Natural Resources KW - Commodity Markets KW - Energy: General KW - Technological Change: Choices and Consequences KW - Diffusion Processes KW - Nonrenewable Resources and Conservation: General KW - Energy: Demand and Supply KW - Prices KW - Industry Studies: Transportation and Utilities: General KW - Renewable Resources and Conservation: General KW - Investment & securities KW - Environmental management KW - Oil KW - Non-renewable resources KW - Oil prices KW - Transportation KW - Renewable resources KW - Commodities KW - Environment KW - National accounts KW - Petroleum industry and trade KW - Natural resources KW - Saving and investment KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:78437563 AB - Recent technological developments and past technology transitions suggest that the world could be on the verge of a profound shift in transportation technology. The return of the electric car and its adoption, like that of the motor vehicle in place of horses in early 20th century, could cut oil consumption substantially in the coming decades. Our analysis suggests that oil as the main fuel for transportation could have a much shorter life span left than commonly assumed. In the fast adoption scenario, oil prices could converge to the level of coal prices, about $15 per barrel in 2015 prices by the early 2040s. In this possible future, oil could become the new coal. ER -