PEAK GASOLINE IS IN THE REAR-VIEW MIRROR: Petroleum may wind up being too important to burn as fuel in the tricky next phase of the energy transition.

The article focuses on the misconception of "peak oil" two decades ago, which underestimated the impact of the shale revolution on global petroleum production, leading to a significant increase in U.S. oil output. It mentions despite this surge in oil production, there's a notable shift towards electric vehicles driven by auto manufacturers and policymakers, signaling a transition towards a future where hydrocarbons may be prioritized for chemicals and plastics rather than gasoline.