The CEO of Shell has announced that his next car will be electric. He's already picked it out too, a Mercedes S500e plug-in hybrid that he'll pick up this September. He was making the switch from a diesel car. The Chief Financial Officer of the company drives a fully electric BMW i3 as well.
Perhaps even more stunningly, he predicts peak oil before 2030. That clears the vast majority of estimates by years. The EIA, IEA, and BNEF all predict rising oil demand until at least 2040. Fittingly, Shell has also upped their investments in alternative energies to $1 Billion a year, with plans to increase that further.
With the CEO of Shell making the switch, and several large oil companies predicting peak oil in 20 years or less, chaos could be coming to the markets soon.
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