Harsh vardhan singh + 36 September 14, 2020 (edited) BP says that the growth of oil demand is over. Oil consumption may never return to pre-Covid-19 crisis They are the first to say that but still we see the highest level of investment in the Oil industry. Are they trying to justify there invested value in renewables...?? Edited September 14, 2020 by Harsh vardhan singh Quote Share this post Link to post Share on other sites
BLA + 1,666 BB September 14, 2020 (edited) 2 hours ago, Harsh vardhan singh said: BP says that the growth of oil demand is over. Are they trying to justify there invested value in renewables...?? Â WOW ! BP says oil demand going down over next 30 years. They're really going out on a limb . Â Not. Â Edited September 14, 2020 by BLA 1 1 Quote Share this post Link to post Share on other sites
Tomasz + 1,608 September 15, 2020 I think if you want to have this bigh share of renewable energy, you must first make fundamental progress in energy storage. Because it so happens that sometimes neither the sun shines nor the wind blows and electricity is needed at this very moment. And perhaps most cars will be electric in the future. Only in this case they need to be charged with electricity and with such a mass of electric cars there will be a problem where to get electricity for the fleet of vehicles.  As long as there is a trace amount of such cars, it is not a visible problem, but if there is to be a significant share of them in the future, where to get electricity for all these vehicles, if the energy network in many, even very developed countries of the West, is on the border of possibilities, perhaps for example in California, which is undoubtedly developed US state. Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,192 September 15, 2020 22 hours ago, Harsh vardhan singh said: BP says that the growth of oil demand is over. Oil consumption may never return to pre-Covid-19 crisis They are the first to say that but still we see the highest level of investment in the Oil industry. Are they trying to justify there invested value in renewables...?? Lets see, not even a quarter of China is driving, nor a tiny bit of India is driving or most of Africa or SE ASIA which encompases roughly 65% of worlds population, but the fastest GROWING sector of population and we are to believe these countries will not wish to be more prosperous and catch up to the developed world? Really? These boffins at BP have been sniffing their own farts too long. And no, electric is not cheaper. Guess who will grab the cheapest option? Developing nations except authoritarian oligarchies... 2 1 Quote Share this post Link to post Share on other sites