by kublikhan » Fri 30 Aug 2024, 00:02:42
As usual, you are making up BS again. The truth doesn't fit your narrative? No problem! make something up! I have been saying for years oil demand would be high for years to come:
$this->bbcode_second_pass_quote('kublikhan', 'S')ep 20, 2018 - $this->bbcode_second_pass_quote('misterno', 'I')t is impossible for oil price, production of electric cars and solar panel production to all go up at the same time. This is not possible. One of them has to lose in this competition. Judging from the last 20 years of progression and trend on electric car sales and solar panel usage, it is obvious that oil price will drop tremendously. It is not a matter of if, it is a matter of time. Simple as that.
Just because oil use in passenger vehicles peaks, doesn't mean overall oil use peaks. The consumption profile of oil can change. When the oil crisis in the 70s hit, we saw oil fall out of favor in the power and heating sectors in many countries because of oil's price spike and the fact that there were viable alternatives. As increasing fuel efficiency and/or EVs become more viable for passenger vehicles, we can expect the oil consumption profile to shift again. We will see more oil being consumed in other sectors like petrochemicals, heavy vehicles, aviation, etc where alternatives are less viable and/or anticipated efficiency gains much smaller than with passenger vehicles.

• Global transportation demand grows about 25 percent from 2015-2040
• Personal mobility demands continue to increase, but more efficient vehicles lead to a peak and eventual decline in light-duty vehicle (LDV) energy demand
• Growth in economic activity and personal income drives increasing trade of goods and services, leading to higher energy demand in the commercial transportation sectors
• Heavy duty growth is the largest by volume, but marine and aviation grow the largest by percentage
$this->bbcode_second_pass_quote('', '') Global liquids demand (oil, biofuels, and other liquid fuels) increases by around 15 Mb/d, to reach 110 Mb/d by 2035.
• Oil continues to grow (0.7% p.a.), although its pace of growth is expected to slow gradually.
•In contrast, growth in non-combusted fuel use, particularly as a feedstock in petrochemicals, remains relatively robust (2.1% p.a.) in part because of its limited scope for efficiency gains.
• As a result, despite accounting for only a small fraction (6%) of current final energy use, non-combusted fuel use becomes the largest source of fossil fuel demand growth towards the end of the Outlook. Oil accounts for around two thirds of non-combusted sector’s growth, with natural gas providing much of the remainder.
And as for solar panels, oil is not used much in the electricity sector anymore. Back in the 70s around 20% of global electricity production came from oil. The 70s oil crises saw this percentage fall sharply. Today, only around 3% of the world's electricity comes from oil. Oil lost the battle for market share in the electricity sector a long time ago.