Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
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Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#2The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#3I know I'm in ad hominem territory, but "oh great, another Forbes 'Contributor' article".
Dunno if Forbes ever was respectable, but now they're 'sell to the highest bidder'.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#4The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
[Deleted]
Edit: well crap thanks mobile. Wrong thread.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#5The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
[Deleted] Edit: well crap thanks mobile. Wrong thread.
I think you are posting on the wrong thread.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#6The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
If oil demand falls a lot of tar sands and offshore and fracking and other hard to get oil will become uneconomical to extract, causing (paradoxically) supply to appear to contract too. The oil age could ratchet down via a series of price spikes and contractions just as it ratcheted up via price spikes and expansions.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#7The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
It's a good question. Along with oil came a tremendous amount of dependence. See railroads 50 years before that. Everyone who remembers those battles is dead. But that bargan with the devil is still with us and is likely heat back up as governments try get out from under it.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#8The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
If oil demand falls a lot of tar sands and offshore and fracking and other hard to get oil will become uneconomical to extract, causing (paradoxically) supply to appear to contract too. The oil age could ratchet down via a series of price spikes and contractions just as it ratcheted up via price spikes and expansions.
Thing I read about the history of oil is energy return on investment went from about 125:1 in 1920 to about 10:1 now and tar sands are worse than that.
If countries start slapping carbon taxes on oil, you can quickly see where that goes.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#9The question on my mind is what else will this freed up oil will be used for? One area could be cheaper fuel for aviation? More plastics? This of course ignores the environmental cost of continuing to use oil.
If oil demand falls a lot of tar sands and offshore and fracking and other hard to get oil will become uneconomical to extract, causing (paradoxically) supply to appear to contract too. The oil age could ratchet down via a series of price spikes and contractions just as it ratcheted up via price spikes and expansions.
I think new uses and new users will continue to abound, so I don't think humans will radically reduce their consumption.
One evidence of this is just the sheer number of cars on the road these days. Human population is increasing, and an abundance of cheap ICE cars means everyone is driving to work at least in suburban areas. In the past, busses and bikes were selected because cars weren't economical for certain individuals.
Now nearly everyone at our office drives a car by themselves to work. No more car pooling, biking, ubering, bus, train, walking, etc.
Re: Economics of Electric Vehicles Mean Oil's Days as a Transport Fuel Are Numbered
#10>“For a given capital outlay on oil and renewables, how much useful energy at the wheel do we get? Our analysis indicates that for the same capital outlay today, new wind and solar-energy projects in tandem with battery electric vehicles will produce six to seven times more useful energy at the wheels than will oil at $60 per barrel for gasoline powered light-duty vehicles, and three to four times more than will oil at $60 per barrel for light-duty vehicles running on diesel,”
If these figures are even in the rough ballpark of being correct, then it is all over bar the shouting.
>"More than a third (36%) of the crude oil produced today goes to fuel vehicles susceptible to electrification"