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Posted on 9/16/20 at 2:39 pm to crazyLSUstudent
quote:
O&G is going to get hammered over the next 10 years as more and more electric vehicles come online
Posted on 9/16/20 at 2:39 pm to crazyLSUstudent
quote:
O&G is going to get hammered over the next 10 years as more and more electric vehicles come online
We probably have hit peak oil consumption in this country but it's not going anywhere. China and India are probably nowhere close.
I think it will take a lot more than 10 years for EVs to become even a majority of passenger vehicles. I'd say 20-30.
This post was edited on 9/16/20 at 2:42 pm
Posted on 9/16/20 at 2:42 pm to Klark Kent
Y'all wait and see. Battery technology is going to take off over the next decade making it a much easier choice for consumers to choose electric over gas.
Posted on 9/16/20 at 2:46 pm to crazyLSUstudent
Where ya think that battery power is coming from ya dummy?
Solar and wind?
Solar and wind?
Posted on 9/16/20 at 2:47 pm to crazyLSUstudent
Dude electric power is mostly generated by fossil fuels. You climate people wouldn't want a transition that quick it would be a boom for O&G. People are so bad at predicting the speed of stuff like this
Posted on 9/16/20 at 2:48 pm to rickgrimes
quote:
That’s all over now. The change has been so profound that the chief executive officer of BP Plc traded in his F250 and custom bumper nuts for a prius and a pussy hat
Posted on 9/16/20 at 2:48 pm to crazyLSUstudent
quote:
Battery technology is going to take off over the next decade making it a much easier choice for consumers to choose electric over gas.
Battery/electric is currently grossly more energy-negative than fossil fuels. A whole lot of shite goes into making the outlet have power and making a plastic box that can store power.
Posted on 9/16/20 at 2:49 pm to AllDayEveryDay
quote:A LOT less fuel
Where ya think that battery power is coming from ya dummy?
Posted on 9/16/20 at 2:50 pm to rickgrimes
A bunch of refineries are converting to biodiesel right now. It's not because people want more green energy, it's because the profit margins are better. The glut in oil & gas is so big right now, they can't make any profit refining traditional gas and diesel, so they are converting to other uses instead of shutting down the whole plant. HFC in Cheyenne is an example of a huge refinery that is completely shut down right now, Phillips is doing the same at it's huge refineries in California. Those companies are exploring options for other uses instead of keeping them shuttered. What gets me is why gas is still almost $2/gal if there is still so much available everywhere.
This post was edited on 9/16/20 at 2:53 pm
Posted on 9/16/20 at 2:52 pm to rickgrimes
LOL, we're 50 years from getting off oil.
Posted on 9/16/20 at 2:58 pm to rickgrimes
Not that long ago Exxon made typewriters and had a land development company for residential homes. They had scientists that were integral to the development of lithium batteries. Just lacked long term thinking.
Posted on 9/16/20 at 2:58 pm to tiger7166
quote:
Any battery powered air planes or cargo ships?
Musk gave an explanation somewhere of why electric planes aren’t really a thing. But converting ships to hybrid power plants is literally the new rage in the maritime industry. In fact, Harvey Gulf (a Nola company that services O&G exploration) just completed the first conversion of a US flagged vessel
Posted on 9/16/20 at 3:03 pm to Captain Crackysack
quote:
converting ships to hybrid power plants is literally the new rage in the maritime industry.
Its an interesting trend I've been following closely.
With boats that hold station on DP for extended hours it can add up to some huge fuel savings for certain operations.
I'd be interested to know if those conversions were subsidized or not though. When you start pulling subsidies these green projects usually become prohibitively expensive.
Posted on 9/16/20 at 3:04 pm to Captain Crackysack
Why wouldn't nuclear be the better option when we already have nuclear propulsion in Navy ships?
Posted on 9/16/20 at 3:04 pm to Captain Crackysack
We literally need to colonize Mars with multiple spaceports to soak up this glut
And we need strict merit based testing to colonize space....
And we need strict merit based testing to colonize space....
Posted on 9/16/20 at 3:07 pm to wutangfinancial
There have only been a handful of private nuclear powered ships in the world. Im pretty sure there are none right now. It is prohibitively expensive to build a nuclear powered ship.
Posted on 9/16/20 at 3:07 pm to redneck hippie
quote:
not sure about 10 years but my company's outlook is it will not be over $50/bbl through 2022. which sucks for us.
The forward NYMEX strip seems to agree with your company's outlook
Posted on 9/16/20 at 3:15 pm to DownshiftAndFloorIt
I thought our sub and carrier fleet all used nuclear? It's been a while since I've been informed on military technology.
Posted on 9/16/20 at 3:20 pm to rickgrimes
Jody is already working on the transition
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