Replies to post #8221 on PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[sumisu]

"Statoil Chief Economist Eirik Wærness says expectations of higher electric-vehicle adoption are the main reason that his company’s peak-demand forecast of 2030 is earlier than BP’s. Statoil has shifted its long-term investment portfolio to reflect its forecast of demand peaking around 2030."

These type of articles seem to miss three and maybe more points:

Where does the electricity come from to charge up the electric car?

AND

Oil and coal will still need to be used in the manufacturing of cars.

AND

Asphalt, the sticky, and highly viscous liquid or semi-solid form of petroleum, is the binder used on road surfaces. HH, you and I know that the latter cannot be replaced by windmills, solar power, .....

Oil is still key despite what we want.

Thanks

[HowardHughs]

Oil demand (and prices) set to drop dramatically as new technologies take hold
In the next 10 years the energy industry will see more change than it has in the past 100.

https://www.cnbc.com/2018/05/03/oil-demand-and-prices-to-drop-as-solar-wind-energy-take-hold.html

Lithium: The Oil of the 21st Century
https://www.wealthdaily.com/report/lithium-the-oil-of-the-21st-century/1449