One of the more interesting reads in a while. In December 2025 China crossed a threshold with 50% of new heavy trucks as battery electric.  This wasn’t expected and comes from various breakthroughs in battery technology.  This has huge implications for the future of the oil industry.  The bigger point is that this is economic.  This is driven by costs and not government policy.

The Assumptions That Broke: China, India, and the End of Fossil Growth Models