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The coming oil glut (Read 3256 times)
minarchist
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The coming oil glut
Jan 9th, 2019 at 10:58am
 
The following video is a summary of an article written by Ross Tessian, in which he argues that the demand in EVs will rise more significantly than predicted over the next 10 years based on current uptake rates of new technologies. The result will be a drop in the global oil demand beginning in 2023:



A link to the original article:

https://seekingalpha.com/article/4225153-evs-oil-ice-impact-2023-beyond

Personally I don't think that the oil glut will happen as soon as he predicts. I do think that it can occur sometime within the next ten years provided that battery storage improves significantly (ie 500 Wh/kg or more) and the required infrastructure (charging stations, network upgrades, etc) are put in place.
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juliar
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Re: The coming oil glut
Reply #1 - Jan 10th, 2019 at 7:34am
 
A thing to keep in mind is that the electric thing will be largely restricted to little toy gimmicky very inconvenient "cars".

The heavy transport area will continue to be diesel based as the horsepower required is so great that a little battery is a waste of time.

Then there is the mining and agricultural and industry and shipping requirements for many large machines which are almost exclusively diesel powered.

For this large power area hydrogen is the obvious answer particularly for replacing diesel in cities for moving containers from the wharves which is mostly done with old diesel trucks which produce quite a bit of pollution. Hydrogen is already being used in several cities for buses and large trucks.

The tiny minds of the Greeny types seem to think that the world moves on the tiny toy gimmicky all electric inconveniences.

The Greeny dream that solar and wind will power the world is just a nightmare as most of the all electric cars are still coal powered from the charging stations.

Hydrogen CAN and IS being produced by solar and wind as the unreliable erratic output of these inefficient renewable things is quite OK for hydrogen production.

It helps to look at reality rather than Greeny imaginary things.

Bear in mind that the extremist Greenies want to CLOSE DOWN ALL INDUSTRY IN AUSTRALIA.
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Re: The coming oil glut
Reply #2 - Jan 10th, 2019 at 3:16pm
 
Smell the fear socko. Indestructible Lithium Titanate batteries are here !


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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995
 
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juliar
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Re: The coming oil glut
Reply #3 - Jan 10th, 2019 at 4:29pm
 
North Coast reject Tweedledum just can't resist showing what a sad sick simpleton she really is. Her use of gay Greeny tactics of attacking the person who humiliated her are just so ineffective and such an admission of defeat.

Now ignoring the ignorant Nth Coast defeated Greeny ratbag and back to the TOPIC.




End of oil

Headline: The World Ends Tonight - Details at 11. This same story has been bandied about since Hubert showed his lack of belief in the industry’s innovation and persistence.

Analysis: Why Hubbert's Peak Oil Theory Fails

First, last and always, the world will never run out of coal, oil or natural gas. This is not because of some unlimited supply the public is unaware of or some miraculous regeneration previously unknown to science.

This is because the energy industry and the world's scientists are continually investigating new and/or improved sources of energy, improved techniques in finding and recovering hydrocarbons and improving the efficiency of all variety of devices that utilize these energy sources.

The costs associated with fossil fuels will fluctuate over time just as it has since the Colonel hit that first strike in PA. Meanwhile the costs of non-fossil, renewable sources will continue to drop as technology develops to improve those sources.

Eventually, in different locations around the world, at different times, those expenses will flip and future production after that will be solely for non-energy needs that will support higher prices that fuel or electrical generation.

One must realize that there are many uses of oil and gas beyond energy already (Insecticides, Ink, Floor Wax, Pens, Upholstery, Clothing, Boats, Sports Car Bodies, Nail Polish, Fishing Lures, etc.) and the need for flight fuel will most likely be the longest lasting energy need. The bottom line is what does it cost to generate and how many are willing/able to pay that expense.

The end of oil is always predicated on “recoverable” reserves. Every time the price of oil changes by a few dollars a barrel, “recoverable” gets redefined. The term should “ at $xx a barrel”.

Perhaps they can refine the many thousands of crashed Teslas in the junk yards into oil ?


...


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Re: The coming oil glut
Reply #4 - Jan 10th, 2019 at 4:39pm
 
What's wrong socko. You worried that you might not be able to ripoff the gullible motoring public on oil changes anymore ? Smell the fear socko. It's a given that there is a finite amount of polluting oil still left in the ground  Cheesy LOL

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995
 
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Re: The coming oil glut
Reply #5 - Jan 10th, 2019 at 5:12pm
 
Inflamed and angry the North Coast reject Tweedledum flies into standard Gay Greeny attack the person mode.

Her tiny wizened Globally Warmed "mind" just cannot cope with these real world things.

...
Reminds you of Tweedledum's burnt out "mind"

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Re: The coming oil glut
Reply #6 - Jan 10th, 2019 at 10:55pm
 
Smell the fear socko. Don't pay for oil when you can charge an EV for free from your own rooftop !


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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995
 
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Re: The coming oil glut
Reply #7 - Jan 11th, 2019 at 12:25am
 
Like a bad smell silly old Tweedledum just won't go away.
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Re: The coming oil glut
Reply #8 - Jan 11th, 2019 at 12:45am
 
Petroleum is predicted to run out around 2059 - or sooner.. 2035 was the bottom line...

Why do you think the US dusted Sad Sam and retains a stranglehold on ME oil producing nations?  Because Sad Sam was a bad guy who killed Arabs and Persians?  Why do you think they're pally with the Saudi ruling group?  Because they are such lovely people?

Grin  Grin  Grin  Grin  Grin

Jeez - they even let Arab princes run around rooting blonde sheilas who do something more than lie and take it and get pregnant over and over .....  gotta come to an end some time.....  Cool
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Re: The coming oil glut
Reply #9 - Jan 11th, 2019 at 9:34am
 
On the evening of April 18 1977, President Jimmy Carter invited television cameras into the Oval Office and portentously announced to the American people that “tonight I want to have an unpleasant talk with you about a problem unprecedented in our history. With the exception of preventing war, this is the greatest challenge our country will face during our lifetimes.”

The unprecedented problem was energy. Or rather, the lack of it. “We simply must balance our demand for energy with our rapidly shrinking resources,” said the 39th President of the United States. “The oil and natural gas we rely on for 75 per cent of our energy are running out.”

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juliar
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Re: The coming oil glut
Reply #10 - Jan 11th, 2019 at 10:09am
 
To be Frank that is old now outdated news.

There is now more oil than the world knows what to do with.

There was a previous Doom's Day prediction :- Analysis: Why Hubbert's Peak Oil Theory Fails

Read all about it in this and many other refs:-  https://oilindustryinsight.com/oil-gas/insight-analysis/why-hubberts-peak-oil-th...


Once the HYDROGEN ENERGY REVOLUTION swings into full force oil use will decline.
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Re: The coming oil glut
Reply #11 - Jan 11th, 2019 at 3:34pm
 
juliar wrote on Jan 11th, 2019 at 10:09am:
To be Frank that is old now outdated news.

There is now more oil than the world knows what to do with.

There was a previous Doom's Day prediction :- Analysis: Why Hubbert's Peak Oil Theory Fails

Read all about it in this and many other refs:-  https://oilindustryinsight.com/oil-gas/insight-analysis/why-hubberts-peak-oil-th...


Once the HYDROGEN ENERGY REVOLUTION swings into full force oil use will decline.


Why pay for any of it when you can get it off your rooftop for zilch !!


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juliar
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Re: The coming oil glut
Reply #12 - Jan 11th, 2019 at 4:27pm
 
Oh that awful pong is still here.

The thick as a brick and dense without sense Tweedledum doesn't even know how solar works!!! How dumb and dense can one retard be ?


...

Here in Australia the operative word is NORTH. But the intensity of the density of Tweedledum's technical obtusosity will completely miss this point.
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Re: The coming oil glut
Reply #13 - Jan 11th, 2019 at 5:48pm
 
juliar wrote on Jan 11th, 2019 at 10:09am:
To be Frank that is old now outdated news.

There is now more oil than the world knows what to do with.

There was a previous Doom's Day prediction :- Analysis: Why Hubbert's Peak Oil Theory Fails

Read all about it in this and many other refs:-  https://oilindustryinsight.com/oil-gas/insight-analysis/why-hubberts-peak-oil-th...


Once the HYDROGEN ENERGY REVOLUTION swings into full force oil use will decline.

who is Frank and does he know that Hydrogen is mainly made form Fossil Fuels at the moment Smiley Wink
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Frank
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Re: The coming oil glut
Reply #14 - Jan 11th, 2019 at 5:56pm
 
juliar wrote on Jan 11th, 2019 at 10:09am:
To be Frank that is old now outdated news.

There is now more oil than the world knows what to do with.


That was my point by quoting a dead man's  doom mongering from 40 years ago.

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