Cant wait, the air quality in The Netherlands is increasing already. We met our 2030 goals for polutions .
1 month ago | 28
If this demand projection is correct, which it could be, the Canadian oil producers should think twice about expanding production capacity, but that should be their decision to make based on the risks they are willing to take on behalf of their stakeholders. That said, I am skeptical that global oil demand will be cut as steeply as shown, considering that transportation use accounts for only about half of current global oil demand. To get such a large demand reduction, it would likely require about 95% of the world's countries to be about 95% electrified for transportation, which doesn't seem realistic to me. Also, we should keep in mind that the demand for oil for non-fuel use is likely to continue to increase over time. Time will tell.
1 month ago | 7
Predictions are notoriously difficult, particularly about the future.
1 month ago | 2
All we need is demand growth to end (mostly due to Chinese EVs at this point). Then we'll see all hell break loose as OPEC discipline collapses. That will be fun.
1 month ago | 1
It's hard to realize that 80% of the world's population is either slowing their demand for o&g or outright skipping straight to solar/wind/hydro/EV infra when you live in the bubble called North America.
1 month ago | 12
Oil can be used for more than burning in engines or furnaces. It's high time it was used more productively.
1 month ago | 3
@neolithictransitrevolution427
The reckoning will be worse and earlier if we are stuck selling to the regional market of the US Midwest and don't have access to demand for heavy crude from the Pacific. Most of the oil demand fall will come from light producers; US shale and Brent from the North Sea are already in terminal decline. If demand is as weak as believed, there won't be investment into rebuilding Venezuelan or Russian lost capacity.
1 month ago | 6
Wait until the nuclear power kicks in en masse, plants are alredy being upgraded or put back online, and Gen IV research is moving along. When you can consume thorium or (mostly) depleted uranium your fuel is basically free.
1 month ago | 2
This will give me the opportunity I need to slowly accumulate all of the fossil fuels, and use them to bring back the dinosaurs from my secret lab.
1 month ago | 4
The decline in demand will probably be even steeper than the graph indicates.
1 month ago | 4
I've known this for awhile and had posted on FB along with pipeline info in the last 10 yrs or so. Unfortunately it didn't help, some people just believe false information and don't even check any reputable source like the government websites to see if that's true. 🤷🏼
1 month ago | 1
It’s just a question of time The issue is when I believe it’s coming in the near term
1 month ago | 2
Peak oil does not mean zero oil consumption. 100 MBP x $50 per barrel = $5B per day business. Why should Canada not participate in that trade?
1 month ago | 5
Great news! Be ware of the trolls friends. Oilcompanies are not going to let their immense power diminish without using every trick in the book.
1 month ago | 1
Roof realestate is dirt-cheap realestate. Roof PV has no grid costs. Roof PV electricity is 2cents kWh electricity for decades and decades. Nobody talks about the massive grid to move electricity. Generation is 4cents kWh Transmission is 44cents kWh Consumers roof PV 2cents kWh EV's v2g massive battery parked 23hrs every day and all night long. EV's massive storage batteries on wheels. EV's mass free storage 23hrs every day. 2cents kWh electricity 247. Grid owner's knows this fact and it causes Shttsnpants terror as the daily DUCK CURVE of demand collapse, cashflow collapse, decreasing cashflow. Grid owner's GOUGING the remaining consumers is unavoidable to maintain their ROI, return on investment in the $TRILLIONS national electrical grid. Governments subsidies to grid electricity is LIMITED. Government expansion of the national electrical grid CAPACITY is extremely expensive, upto $13million per km and a million km. LIMITED. Grow up, get real, GRID ECONOMICS is the dominate limitation.
1 month ago | 3
I'm buying as many lifepo4 batts and solar panels as i can reasonably afford with any spare money i have which ain't much. I will be energy independent
1 month ago | 0
Future is unpredictable. Assumptions are unreal and imaginary.
1 month ago | 1
Why is Energi Media so adamant about creating the narrative of doom and gloom for the global and Canadian oil industry? The Canadian economy relies substantially on the royalties and taxes from the development of this resource. I support maximizing the responsible development while the opportunity is here for the next 20, 30, or 50 years. All Canadians will benefit when Canada has a healthy economy.
1 month ago | 0
Energi Media
To all you oil bros out there shouting "there is no energy transition" at the top of your virtual lungs, you're wrong and the IEA's 2024 APS scenario is right. Peak oil demand in 2030 (or sooner). A short plateau, followed by the beginning of decline. 55MM b/d of consumption by 2050 might be a bit optimistic, but demand won't be close to today's 103MM b/d. And exporting nations like Canada will face a reckoning.
It'll take a few years for you to realize the error of your ways, but your day is coming.
1 month ago | [YT] | 226