BP:- Oil price to be $55 between 2021-2050

[Mega]

Oh Dear, not much joy there

Mike

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

https://www.autocar.co.uk/car-news/i...neutral-future

Yes it might be "Carbon neutral" but its still Burning pollution .....its over.

Mike

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

Every since the model 3 performance came out & showed just what a EV could do Old Oil has been on its back foot.
I seen a sea change in "Petrol heads" view of EV's............we need a battery that can give us 600+ Wh per litre.
Mike

[GRG55]

Re: BP:- Oil price to be $55 between 2021-2050

Every since the model 3 performance came out & showed just what a EV could do Old Oil has been on its back foot.
I seen a sea change in "Petrol heads" view of EV's............we need a battery that can give us 600+ Wh per litre.
Mike

Elon Musk said Tesla was going to kill the entire rest of the automotive industry.
Now you're saying the Tesla Model 3 is killing "Old Oil"?



Best to remember that even with all the major economies under lockdown, driving curtailed, industries shut in, most of the airline fleet grounded, nobody going anywhere near a cruise ship, hotel or restaurant, and with international trade and commerce crippled, we were STILL burning 80 million barrels of crude oil a day. Every day.

The dirty little secret is that's not something anybody in the MSM, on Twitter, teaching your kids, or politician seeking re-election wants to talk about. The world wouldn't make it two weeks without oil. A generation from now it'll still be the same.

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

I agree, but there was a time when "Coal was King"........not so now.

Oil replaced Coal, Coal didn't go away, but it lost its power.

EV give you the chance to build a car with a 50/50 weight balance (some cars can already) & a VERY low centre of G.

We are already at 280 Wh/litre.......we need 700 so am guessing 5-10 years.

Mike

BTW Why are we adding Ethanol to fuel? we been told its going to E15

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

This pisses me off, Big Time:-
https://www.autocar.co.uk/car-review...2020-uk-review

Cheap to lease, cheap to run, BMW can produce them for not much more than a Focus.......

Fat car, driven fat ass pissing N02 out into the towns & cities .....NICE

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

CATL (Chinese battery producer) is building the Worlds biggest battery plant in Thuringia/Germany.
Battery plants going up everywhere.....EV's will gain pace from now on..

I just watched a road test on a 911 Turbo, Mega Brakes etc, but one thing the tester tried a 30-70 mph test, he suffered both turbo lag & gearbox lag...it didn't start pulling hard for a 1-3 secs.............with my Motor bikes in the 80's I got instant responces......like EV's will do.

Ah Breaking news:- Tesla has done a deal with Glencore for Cobalt, so we are going to see different battery chems for different models.

Mike

[GRG55]

Re: BP:- Oil price to be $55 between 2021-2050

I agree, but there was a time when "Coal was King"........not so now.

Oil replaced Coal, Coal didn't go away, but it lost its power.

EV give you the chance to build a car with a 50/50 weight balance (some cars can already) & a VERY low centre of G.

We are already at 280 Wh/litre.......we need 700 so am guessing 5-10 years.
...

Don't assume the trend in the UK or Europe is what is going on in the rest of the world Mike. Global coal consumption nearly doubled since this century started, remains high, and most of that is to make electricity (without which those beloved plug-in BEVs of yours don't run).

The ONLY viable substitute for coal to generate the vast amounts of power the world will need in the near future is another fossil fuel - natural gas. There isn't a hope in hell windmills or solar panels will keep up, and there's a good chance renewables actually shrink as a share of global power production this decade.

Frac baby, frac.

Continued rise in global coal consumption (+0.9%) driven primarily by Asia (+1.8%)

The 2018 rise in coal consumption was driven by India and China, the two largest coal-consuming economies, with Turkey and Russia also contributing to the rising demand.

China, responsible for nearly half of global coal consumption, has seen its second consecutive annual increase, driven mainly by power generation and some industrial sectors such as steel, chemicals and cement. Coal consumption increased again in 2018, against a slowdown in economic growth and gas supply worries lowering emphasis on a shift from coal to gas space heating. This goes against previous efforts to “green” the economy whilst maintaining prosperity.

Consistent increases in economic growth and thus domestic demand for coal in India, primarily from industry and power generation, are outstripping the build out of renewables and cleaner, more efficient technologies.

The largest decrease in coal consumption comes from the United States (-4%), reaching its lowest level in 40 years as a result of the retirement of coal-fired power plants (15 GW of capacity closed in 2018), stronger emissions standards and the availability of cheaper natural gas for electricity generation.

Coal consumption fell for the sixth year in a row in Europe, due to climate policies, increased competition from renewables and gas, and higher CO2 emissions costs (three-fold increase in 2018) in the European Union; on the contrary, coal demand rose by 11% in Turkey.

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

Am not wed to any school of thought here, I am wondering why "They" are pushing "Green" so hard.
I noticed all the fracking & E15 in fuel...........if oil so cheap (up 4% today BTW) why do this?

My best guess is "they" are trying to limit demand, they lost control & Eurasia is where the action is.
No Petro $ required.

Mike

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

With EV's.......I think it will be like Computers in the 80's/90's............good but when a "Battery Microsoft" a new battery tec....

BTW My next car will be a Ford Fiesta mild Hybrid (155 bhp)

Mike

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

[jk]

Re: BP:- Oil price to be $55 between 2021-2050

e15 is about agricultural subsidies.

[Mega]

Re: BP:- Oil price to be $55 between 2021-2050

They say that, but is it..........The push in the late 90's into Diesel, to cut C02, any scientist using a scrap bit of paper could have worked out the extra N02 produced as a result.......but they went for diesel anyway....

Mike