01788cas a2200265 a 4500 AALejournalIMF017663 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484301128 1018-5941 BD-DhAAL BD-DhAAL Cherif, Reda. Riding the Energy Transition : Oil Beyond 2040 / Reda Cherif, Fuad Hasanov, Aditya Pande. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Recent technological developments and past technology transitions suggest that the world could be on the verge of a profound shift in transportation technology. The return of the electric car and its adoption, like that of the motor vehicle in place of horses in early 20th century, could cut oil consumption substantially in the coming decades. Our analysis suggests that oil as the main fuel for transportation could have a much shorter life span left than commonly assumed. In the fast adoption scenario, oil prices could converge to the level of coal prices, about USD 15 per barrel in 2015 prices by the early 2040s. In this possible future, oil could become the new coal. Mode of access: Internet Hasanov, Fuad. Pande, Aditya. IMF Working Papers; Working Paper ; No. 2017/120 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/120/001.2017.issue-120-en.xml IMF e-Library