Bloomberg writer Tom Randall predicts that the electric car will cause the next oil crisis.

Extrapolating the current growth rate, Bloomberg calculates that by 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their petrol counterparts and that by 2023 electric cars could displace 2 million barrels of oil per day.

Bloomberg believes that that will be sufficient to cause a glut and an oil market crash.