I think you could have done a proper job by actually studying what DOES drive oil demand.
As an example plastics are a derivative of oil, the fact is that distilling petroleum products will leave you with a range of products. Petrol and diesel, kerosene, etc. Will still be produced but if demand is less then price will be less, resulting in less cost of ownership of future ICE vehicles.
I think you could have done a proper job by actually studying what DOES drive oil demand.
As an example plastics are a derivative of oil, the fact is that distilling petroleum products will leave you with a range of products. Petrol and diesel, kerosene, etc. Will still be produced but if demand is less then price will be less, resulting in less cost of ownership of future ICE vehicles.