by asg70 » Sat 06 May 2017, 14:09:56
The word "ETP" is not mentioned once in this article. In fact the headline associated with it is:
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')The latest collapse is the harbinger of a global energy revolution which could spell the end-game for fossil fuels.
That sounds more like a cornucopian transition to renewables than anything remotely doomy unless your livelihood relies on oil industry profits.
Here are some more details that run contrary to luddite perma-doomers:
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')oil companies are beginning to come around to Helm’s view that the
burgeoning market for electric vehicles may have been underestimated and could radically change the outlook for oil demand.
...
In addition to the soaring popularity of
low-cost electric taxis and falling costs of electric battery storage, more people in emerging economies are expected to become car-owners for the first time, and
will be buying electric or high efficiency vehicles...
the company is also preparing to study the future impact of
artificial intelligence technology and 3D printing which could dramatically reduce the energy used in manufacturing and shipping parts.
I think you've hitched your wagon on the wrong evangelist.