[American Constitutionalist]

If there is a drastic cut in demand for oil, or rather gasoline in the next 10-15-20 years then I hope those oil companies don't sit on their laurels and just watch it happen.
Rather ? invest in another and new areas so they don't get stuck like the Big 3 auto manufactures did in the early 70's.
Hope they invest in new types of fuel, or new business.
There will always be a need for crude oil in other areas like raw materials unless someone comes up with new technologies for that.
Hope those oil companies don't watch the whole bottom drop out of oil, rather gasoline and sit there holding the bag with no where to go.
They need to start planning now to see where everything is going and what would happen when and if does when the demand for gasoline drops permanently.

[ckilmer]

If there is a drastic cut in demand for oil, or rather gasoline in the next 10-15-20 years then I hope those oil companies don’t sit on their laurels and just watch it happen.
...........
actually this is the prediction of shell oil. that gasoline will fall off sharply starting about 2035-2040
http://gas2.org/2013/11/07/shell-lays-predictions-future-energy/

I think it will come sooner. Maybe starting around 2025. the tell will come in 2016. if tesla is able to produce an electric car that can go over 200 miles on a charge for 30k—then the volumes will start to ramp. but it will still be 10 years before they even get 5-7 percent of the automobile market.