Not if the oil is instead refined for aviation, petrochemical, and shipping uses. The article seems to suggest that the increase in demand for those applicatio

Not if the oil is instead refined for aviation, petrochemical, and shipping uses. The article seems to suggest that the increase in demand for those applications will more than make up for the decline in gasoline, electricity and heating demand. The real change will happen when EVs themselves become cheaper than gasoline equivalents. And that is probably going to happen sooner than a lot of people expect.