What if EV truck adoption erodes diesel demand structurally?
Electrification of medium- and heavy-duty fleets, led by China, structurally erodes diesel consumption, the workhorse of the barrel; distillate cracks soften and refiners rebalance yields toward jet and petrochemicals.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a mixed shock. Electrification of medium- and heavy-duty fleets, led by China, structurally erodes diesel consumption, the workhorse of the barrel; distillate cracks soften and refiners rebalance yields toward jet and petrochemicals. The trigger decomposes into signed root‑shocks — Clean-energy abundance ▲ · Diesel ▼ · Inflation expectations ▼ · Oil demand ▼ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▼ -0.9% hist -0.75–+0.34% · other way -2.1% (n=7) |
| 2 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▼ -0.8% hist -2.07–+2.68% · other way -3.2% (n=7) |
| 3 | ExxonMobil XOM 📈 chart | Equity | ▼ -0.7% hist -0.99–+0.02% · other way +0.43% (n=12) |
| 4 | Brent crude BRENTon Hyperliquid 📈 chart | Commodity | ▼ -0.7% hist -1.22–+0.85% · other way -2.08% (n=7) |
| 5 | United Airlines UAL 📈 chart | Equity | ▲ +0.5% hist -5.07–+10.54% · other way +7.88% (n=7) |
| 6 | Chevron CVX 📈 chart | Equity | ▼ -0.4% hist -1.0–+0.26% · other way +0.11% (n=12) |
| 7 | Delta DAL 📈 chart | Equity | ▲ +0.4% hist -1.83–+7.44% · other way +3.94% (n=7) |
| 8 | 30y Treasury yield DGS30 📈 chart | Rate | ▼ -1bp hist -2.93–+11.65% · other way +10.9% (n=12) |
| 9 | 10y Treasury yield DGS10 📈 chart | Rate | ▼ -1bp hist -5.85–+10.2% · other way +3.7% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 22 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| DAL DAL | LONG | +6.4% · 5d +1.6% | 75% | 16 | 0.47 | ✓ matches cascade |
| Volatility VIX | SHORT | -5.9% · 5d -4.8% | 72% | 21 | 0.33 | · |
| 30y yield DGS30 | LONG | +10bp · 5d +3bp | 69% | 22 | 0.29 | ⚠ differs |
| UAL UAL | LONG | +10.1% · 5d +0.0% | 57% | 17 | 0.14 | ✓ matches cascade |
| US dollar DXY | LONG | +0.1% · 5d -0.4% ↺ fades | 58% | 22 | 0.13 | · |
| XLE XLE | LONG | +0.7% · 5d -0.1% ↺ fades | 57% | 19 | 0.12 | ⚠ differs |
| Gold XAU | LONG | +0.6% · 5d -0.0% ↺ fades | 57% | 19 | 0.12 | · |
| Bitcoin BTC | LONG | +9.1% · 5d -2.2% ↺ fades | 57% | 11 | 0.11 | · |
| XOM XOM | SHORT | -0.6% · 5d -0.6% | 54% | 22 | 0.07 | ✓ matches cascade |
| CL CL | LONG | +3.2% · 5d -1.0% ↺ fades | 43% | 19 | 0.00 | ⚠ differs |
| BRENT BRENT | LONG | +1.3% · 5d -1.9% ↺ fades | 50% | 16 | 0.00 | ⚠ differs |
| CVX CVX | SHORT | -0.8% · 5d -0.5% | 50% | 22 | 0.00 | ✓ matches cascade |
| 10y yield DGS10 | LONG | +11bp · 5d +4bp | 46% | 22 | 0.00 | ⚠ differs |
| High-yield credit HYG | LONG | +1.4% · 5d -0.4% ↺ fades | 40% | 16 | 0.00 | · |