I think once India and China start selling cheap electric cars and electric trucks deliver an economic advantage to oil, we can safely say oil is on its way out.
China is the #1 producer and buyer of electric cars.
It's still 1/300th of all cars sold, so it's not mainstream, but the tremendous growth is there (see the graph on the first article). It's actually the U.S. that's lagging behind.
Keep hearing about graphene base battery technology that is faster to charge, store more in less volume/weight from time to time for cell phone and car.
