Oil demand growth is set to significantly slow by 2028 thanks to the use of more EVs.

[Into the Night]

I want "sustainable" energy. That means nuclear backed by natural gas with hydrogen or ammonia as our portable fuel, assuming you want minimum CO2. Solar and wind are total losers and should be dropped entirely. Nuclear is "renewable" in that you can run breeder reactors to make more fuel than you use. Fusion down the road is a next generation winner.

Just remember,

In 1920 oil was just becoming the big energy source
In 1820 coal was just becoming the big energy source
In 1720 we chopped down trees to make energy

In Germany, wood is becoming a major residential heat source again. How backwards is that?

In 2020 it should be nuclear power is the big energy source. Instead, we have anti-science and engineering envirotards pushing useless solar and wind because they are too stupid to understand the physics, math, and chemistry that goes into cheap energy production.

Coal is sustainable. It is cheap and plentiful. It is still used to generate power, too.
Oil is sustainable. It is a renewable fuel. It is still used to generate power, heat homes, and run vehicles too.
Natural gas is sustainable. It is a renewable fuel. It is still used to generate power, heat homes, and run vehicles too.
Nuclear power is not renewable. It's only saving grace is that is uses very little fuel to generate power. Watt for watt, is way cheaper than wind or solar power.

Hydrogen must be manufactured. It costs MORE energy to manufacture the hydrogen than simply charging an EV battery and driving the car. Further, hydrogen fueling has problems, requiring up to a half hour to refuel the car.
Ammonia is extremely dangerous and a gas. It is not safe to fuel with ammonia without specialized equipment. Further, ammonia must also be manufactured, costing energy to do it.

Neither hydrogen nor ammonia are practical mobile energy sources.

Fusion reactors don't exist yet. They will probably be quite large, due to the tremendous fields you must place on the plasma to keep it contained in the reactor. It will not be a viable mobile power source. The Sun, a natural fusion reaction, provides plenty of heat and light on daylight side of the planet. Solar power, however, is the most expensive method or producing electrical power, watt for watt.

The first gasoline car was created in 1886. Gasoline was already the preferred fuel, used primarily in stationary auto engines.
Coal was first mined in Britain in 1575. The industrial revolution began in 1760.

Since Germany is outlawing the use of natural gas or oil (both renewable fuels) in favor of 'green' (read expensive!) energy sources, people are heating their homes with wood.
This is one result of liberal thinking that is destroying economies. That's the same as Democrats. The Church of Green and the Church of Global Warming are worldwide religions.

Nuclear power is certainly cheaper than either wind or solar (by a lot!), but cheaper still is coal, oil, and natural gas.

 

[Into the Night]

What you want is meaningless


This decision will be made by the majority

You are not the majority. Communism and fascism that you support has never worked. It is theft of wealth.
Government has NO place in interfering in energy or automotive markets.

 

[Joe Capitalist]

How exactly do you think our grid is powered?

By magic?

The more you stress it the more fossil fuel you need to power it

Not rocket science

The transition is not going to happen overnight, princess. It's going to happen over 5-10 years. The grid will adjust, just like it always has. You anti-EV fanatics always take things to extremes, but I guess that's what extremists do. Evs are here to stay, sweetheart. There's no going back. The sooner you come to terms with that, the better for your mental health.

 

[Yakuda]

The transition is not going to happen overnight, princess. It's going to happen over 5-10 years. The grid will adjust, just like it always has. You anti-EV fanatics always take things to extremes, but I guess that's what extremists do. Evs are here to stay, sweetheart. There's no going back. The sooner you come to terms with that, the better for your mental health.

Is there a new way of generating electricity without oil? CA already cant meet it's power needs but forcing people to buy evs wont increase the demand for oil? And this effect won't be compounded around the country when you greenie nuts shove evs down everyone's throats

 

[Joe Capitalist]

Today, 09:38 AM
Yagina
Verified Loser
This message is hidden because Yagina is on your ignore list.

 

[Yakuda]

Today, 09:38 AM
Yagina
Verified Loser
This message is hidden because Yagina is on your ignore list.

Coward

 

[Into the Night]

The transition is not going to happen overnight, princess. It's going to happen over 5-10 years. The grid will adjust, just like it always has.

So...California has been 'adjusting the grid' by systematically removing power generating capacity. They now import almost all their power from the WRIC, and that on overloaded lines. The WRIC will NOT sacrifice itself to save California from it's own idiocy.

You anti-EV fanatics always take things to extremes, but I guess that's what extremists do.

Inversion fallacy you are describing yourself and gasoline engines.

Evs are here to stay, sweetheart. There's no going back. The sooner you come to terms with that, the better for your mental health.

EVs were around BEFORE gasoline engines were used in cars, dumbass.
Gasoline engines are favored for a reason:

* They are more efficient, using only about half the energy of an EV. EVs cause about twice the CO2 emissions as gasoline cars do.
* They are more powerful. Internal combustion engines are the most powerful engines ever created. They routinely haul large payload and people along the roads, through the skies, and across the seas.
* They don't need much infrastructure. They can go anywhere, even if there is no road, into remote areas, and can carry extra fuel as needed.
* They can be refueled in just a few minutes, instead of taking hours to recharge.
* They can be maintained by simple tools, instead of requiring specialized shops that EVs require.
* They are sturdy. These vehicles can withstand some pretty serious accidents and keep right on truckin'. EVs are totaled if even a single battery in the pack is damaged.
* They are reliable. They can be fixed and maintained even in remote areas. EVs can't.
* They are cheap. I can buy TWO gasoline cars for the price of ONE EV.
* The fuel internal combustion engines use is renewable.

The ONLY reason EVs are as popular as they are is because of government mandates. That kind of interference in energy and automotive markets is called 'fascism'. Government has NO BUSINESS interfering in these markets.

So you go sit in your California dream home with no power to run that air conditioner, no power to charge your EV, and no power to even pump your water, no trucks to ship anything to you (you are banning them too!), and little to no industry, and your streets full of desperate and drug ridden criminals; and do some serious navel gazing.

Life in Hell.

 

[Lionfish]

Oil demand growth is set to significantly slow by 2028.

According to the International Energy Agency (IEA), the use of oil for transport will go into decline after 2026 thanks to the use of more electric vehicles, an increase in biofuels, and reduced consumption.

It predicted on Wednesday that demand growth in China is also forecast to slow from next year onwards, particularly as the rebound in demand after the pandemic subsides.
“The downturn in advanced economies renders the global outlook even more dependent on China’s post-COVID pandemic reopening being able to maintain its early momentum, which should eventually lift global trade and manufacturing,” the agency said,
It highlighted that Beijing’s “pent-up” consumption will peak mid-2023 after a 1.5 million-barrels-per-day rebound but lose momentum to just an average 290,000 barrels per day year-on-year from 2024 to 2028.
However, overall consumption is expected to be supported by strong petrochemicals demand, its new medium-term report said. Consumption in 2024 will grow at half the rate seen in the prior two years, it added.
Read more: FTSE 100: Shell to cut spending and raise dividends
Higher prices, and concerns about security of supply after Russia’s invasion of Ukraine, will also speed the shift towards cleaner energy technologies and away from fossil fuels.
The IEA has forecast that global oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day, amid robust demand from the petrochemical and aviation sectors.
But annual demand growth is expected to shrink from 2.4 million barrels per day this year, to just 0.4 million per day in 2028.
“The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance,” IEA executive director Fatih Birol said.
She added that oil producers need to pay “careful attention to the gathering pace of change” and calibrate their investment decisions accordingly, to “ensure an orderly transition.”

Joey wet panties, NO the reduced demand is because peoples budgets are squeezed.

 

[Hawkeye10]

So...California has been 'adjusting the grid' by systematically removing power generating capacity. They now import almost all their power from the WRIC, and that on overloaded lines. The WRIC will NOT sacrifice itself to save California from it's own idiocy.

Inversion fallacy you are describing yourself and gasoline engines.

EVs were around BEFORE gasoline engines were used in cars, dumbass.
Gasoline engines are favored for a reason:

* They are more efficient, using only about half the energy of an EV. EVs cause about twice the CO2 emissions as gasoline cars do.
* They are more powerful. Internal combustion engines are the most powerful engines ever created. They routinely haul large payload and people along the roads, through the skies, and across the seas.
* They don't need much infrastructure. They can go anywhere, even if there is no road, into remote areas, and can carry extra fuel as needed.
* They can be refueled in just a few minutes, instead of taking hours to recharge.
* They can be maintained by simple tools, instead of requiring specialized shops that EVs require.
* They are sturdy. These vehicles can withstand some pretty serious accidents and keep right on truckin'. EVs are totaled if even a single battery in the pack is damaged.
* They are reliable. They can be fixed and maintained even in remote areas. EVs can't.
* They are cheap. I can buy TWO gasoline cars for the price of ONE EV.
* The fuel internal combustion engines use is renewable.

The ONLY reason EVs are as popular as they are is because of government mandates. That kind of interference in energy and automotive markets is called 'fascism'. Government has NO BUSINESS interfering in these markets.

So you go sit in your California dream home with no power to run that air conditioner, no power to charge your EV, and no power to even pump your water, no trucks to ship anything to you (you are banning them too!), and little to no industry, and your streets full of desperate and drug ridden criminals; and do some serious navel gazing.

Life in Hell.

Wrong, it has been running about 1/3 imports through 2021. I dont find a 2022 number, which is either incompetence or an information embargo.

 

[Into the Night]

Wrong, it has been running about 1/3 imports through 2021. I dont find a 2022 number, which is either incompetence or an information embargo.

California shut down it's last nuclear power plant just last year. It has also been shutting down coal, oil, and natural gas power plants.

They generate less than a GW of their own electricity now.

 

[Hawkeye10]

California shut down it's last nuclear power plant just last year. It has also been shutting down coal, oil, and natural gas power plants.

They generate less than a GW of their own electricity now.

Link?

 

[Into the Night]

Link?

2021 and beginning of 2022 numbers. 2023 numbers are no available yet, but it's gotten worse.

 

[Hawkeye10]

2021 and beginning of 2022 numbers. 2023 numbers are no available yet, but it's gotten worse.

California imports more electricity than any other state and typically receives between one-fifth and one-third of its electricity supply from outside of the state.36

You lose another point for wasting my time.

 

[Into the Night]

You lose another point for wasting my time.

I don't care about your points.

 

[Joe Capitalist]

The United States has routinely lagged behind Europe and other regions in terms of EV adoption, but no longer. Counterpoint Technology Market Research estimates that American EV sales jumped 79% year-over-year in the first quarter of 2023, helping it move past Germany to become the world's second-largest electric car market. Only China is larger, the analyst group says.
EV tax credits are believed to have played a "crucial role" in spurring sales, and may have helped the U.S. automotive industry as a whole. Where sales of combustion engine cars were flat, EVs surged ahead, according to Counterpoint.
It won't surprise you to hear which brands are out front. Tesla represented 62.7% of EV sales in the quarter, with the Model Y and Model 3 taking the top two spots. GM was a distant second, with the Bolt EUV and regular Bolt taking it to 7.6%. Volkswagen had 6.3 percent of the market thanks to the ID.4. Plug-in hybrids are a different story — Stellantis has nearly 43.9% courtesy of Jeep's PHEV Wrangler 4xe and Grand Cherokee 4xe models as well as the Chrysler Pacifica Hybrid minivan. BMW was next at 16.1% with the X5, and Toyota's RAV4 Prime helped push it to 15.4%.

 

[Joe Capitalist]

How exactly do you think our grid is powered?

By magic?

The more you stress it the more fossil fuel you need to power it

Not rocket science

Volkswagen is confident it can deliver an affordable EV (sub-$27K) and profitably
The German automaker’s chief financial officer believes the Volkswagen Group will be able to deliver an affordable EV with new, cheaper battery materials and streamlined production.
To accelerate EV production and maintain its position as a market leader, VW revealed a nearly $200 billion (€180 billion) investment in March.
With a significant portion (68%) dedicated to electrification and digitalization, Volkswagen plans to cut costs to drive profits while enabling them to build cheaper EV models.
A big focus is on battery technology. VW is working with unified battery cell tech that they claim has the potential to lower costs by up to 50%.
Volkswagen revealed the ID 2all concept in March to showcase its intentions, with a starting price under $27K (€25,000). The affordable EV has as much space as the VW Golf with the price of a Polo model.
Riding on VW’s next-gen MEB entry platform, the ID 2all will feature “particularly efficient drive, battery and charging technology.”

 

[Joe Capitalist]

And the stress on our power grid is increasing meaning more fossil fuels are required to keep up with the pace

RESEARCHERS ARE DEVELOPING AN EV BATTERY THAT LASTS A DECADE LONGER THAN TRADITIONAL ONES — AND CHARGES IN MINUTES
The batteries are the result of a $5 million battery innovation project.
by Sara Klimek*/*June 28, 2023
https://apple.news/AVrWBisLbSfi1v6adOVDXvQ
One of the significant limitations of electric vehicles (EVs) is the time it takes to charge the battery. Researchers at the National University of Singapore (NUS) are developing batteries that can charge as quickly as a gasoline refill, as The Straits Times reported.
These batteries are made with metal niobium and engineered to last 10 years longer than the standard EV battery. These batteries are the result of a $5 million battery innovation project backed by the National Research Foundation in collaboration with Brazilian company CBMM, the leading supplier of niobium.*
The current battery model in production is made of niobium and graphene. The graphene has exemplary electrical conductivity, while the niobium has a stress-resistant molecular structure that can prolong the battery’s lifespan and prevent overheating, per The Straits Times.*
Researchers estimate that the niobium-graphene batteries will be able to charge at least 10,000 times and retain 80% of their starting capacity — five times higher than current EV batteries.*
The researchers estimate their battery will complete its charge within 10 minutes — about three times faster than the average for current EV battery fast-charge rates. This would decrease the time it takes users to recharge their vehicles and may motivate more people to purchase EVs instead of internal combustion engine vehicles, which produce planet-warming pollution. The longer battery lifespan will also reduce the cost of ownership of an EV.*
Besides the goal of a quick charge, the researchers also prioritize a safe and durable battery to power the EVs. Plus, niobium-graphene batteries offer a more sustainable alternative to lithium-ion batteries — which are relegated to hazardous waste when discarded. Nobium is a “relatively abundant” material per The Engineer, which may defray the cost of EV production.*
The niobium-graphene batteries have applications outside of EVs, too. Rogerio Ribas, CBMM Global Head of Batteries, reported to The Engineer, “… [the batteries] also have advantages such as higher input and output power, wider temperature operating range, and higher state of charge.
”Although it is still in its development stage, the researchers estimate their niobium-graphene battery prototype will be in production by 2024.

 

[Into the Night]

The United States has routinely lagged behind Europe and other regions in terms of EV adoption, but no longer. Counterpoint Technology Market Research estimates that American EV sales jumped 79% year-over-year in the first quarter of 2023, helping it move past Germany to become the world's second-largest electric car market. Only China is larger, the analyst group says.
EV tax credits are believed to have played a "crucial role" in spurring sales, and may have helped the U.S. automotive industry as a whole. Where sales of combustion engine cars were flat, EVs surged ahead, according to Counterpoint.
It won't surprise you to hear which brands are out front. Tesla represented 62.7% of EV sales in the quarter, with the Model Y and Model 3 taking the top two spots. GM was a distant second, with the Bolt EUV and regular Bolt taking it to 7.6%. Volkswagen had 6.3 percent of the market thanks to the ID.4. Plug-in hybrids are a different story — Stellantis has nearly 43.9% courtesy of Jeep's PHEV Wrangler 4xe and Grand Cherokee 4xe models as well as the Chrysler Pacifica Hybrid minivan. BMW was next at 16.1% with the X5, and Toyota's RAV4 Prime helped push it to 15.4%.

62.7% of 1% is only 0.62% of total car sales.

 

[Into the Night]

Volkswagen is confident it can deliver an affordable EV (sub-$27K) and profitably
The German automaker’s chief financial officer believes the Volkswagen Group will be able to deliver an affordable EV with new, cheaper battery materials and streamlined production.
To accelerate EV production and maintain its position as a market leader, VW revealed a nearly $200 billion (€180 billion) investment in March.
With a significant portion (68%) dedicated to electrification and digitalization, Volkswagen plans to cut costs to drive profits while enabling them to build cheaper EV models.
A big focus is on battery technology. VW is working with unified battery cell tech that they claim has the potential to lower costs by up to 50%.
Volkswagen revealed the ID 2all concept in March to showcase its intentions, with a starting price under $27K (€25,000). The affordable EV has as much space as the VW Golf with the price of a Polo model.
Riding on VW’s next-gen MEB entry platform, the ID 2all will feature “particularly efficient drive, battery and charging technology.”

So...$200 BILLION to build some $27,000 cars. What is wrong with this picture?
EVs are NOT efficient. They use about twice the energy of a gasoline car.

 

[Into the Night]

RESEARCHERS ARE DEVELOPING AN EV BATTERY THAT LASTS A DECADE LONGER THAN TRADITIONAL ONES — AND CHARGES IN MINUTES
The batteries are the result of a $5 million battery innovation project.
by Sara Klimek*/*June 28, 2023
https://apple.news/AVrWBisLbSfi1v6adOVDXvQ
One of the significant limitations of electric vehicles (EVs) is the time it takes to charge the battery. Researchers at the National University of Singapore (NUS) are developing batteries that can charge as quickly as a gasoline refill, as The Straits Times reported.
These batteries are made with metal niobium and engineered to last 10 years longer than the standard EV battery. These batteries are the result of a $5 million battery innovation project backed by the National Research Foundation in collaboration with Brazilian company CBMM, the leading supplier of niobium.*
The current battery model in production is made of niobium and graphene. The graphene has exemplary electrical conductivity, while the niobium has a stress-resistant molecular structure that can prolong the battery’s lifespan and prevent overheating, per The Straits Times.*
Researchers estimate that the niobium-graphene batteries will be able to charge at least 10,000 times and retain 80% of their starting capacity — five times higher than current EV batteries.*
The researchers estimate their battery will complete its charge within 10 minutes — about three times faster than the average for current EV battery fast-charge rates. This would decrease the time it takes users to recharge their vehicles and may motivate more people to purchase EVs instead of internal combustion engine vehicles, which produce planet-warming pollution. The longer battery lifespan will also reduce the cost of ownership of an EV.*
Besides the goal of a quick charge, the researchers also prioritize a safe and durable battery to power the EVs. Plus, niobium-graphene batteries offer a more sustainable alternative to lithium-ion batteries — which are relegated to hazardous waste when discarded. Nobium is a “relatively abundant” material per The Engineer, which may defray the cost of EV production.*
The niobium-graphene batteries have applications outside of EVs, too. Rogerio Ribas, CBMM Global Head of Batteries, reported to The Engineer, “… [the batteries] also have advantages such as higher input and output power, wider temperature operating range, and higher state of charge.
”Although it is still in its development stage, the researchers estimate their niobium-graphene battery prototype will be in production by 2024.

TASTAAFL. Vaporware will not drive a car. Apparently you never learned Newton's law of motion.